Does Your Client Want a Way Out of Their Structured Settlement - Word of Caution

A structured settlement is a great option for long-term viability, but it's not an option for everyone. You must understand that once you agree to the settlement plan, you can't change the terms of the structured settlement. Literally, you have to live with whatever you agree to. You cannot change it at some later date. Still, structured settlements are flexible in the beginning (during the negotiation period) and can be structured to meet many needs and life circumstances.

Some may find that after they've discussed their needs with your family members, attorney and tax advisors, and considered carefully how they expect to live their life with injury that time changes everything. After you have evaluated your new life situation once living it, you may want to get out of the structured settlement. For whatever reason, you may need money. You may need it now instead of later. There are options to sell your settlement in return for a lump sum buyout. Most states have laws that prevent you from selling your structured settlements.

The federal government may have a say as well. They have implemented restrictions on the sale of a structured settlement to a third party. A large number of insurance companies will not transfer annuities to third parties, to discourage the sale of structured settlements. It comes down to where you live and who manages your annuity. To make sure that you obtain the highest payoff, consult with a financial advisor or the company that helped you manage your structured settlement plan. They are in the best position to give you the names and numbers of companies that may want to buy your settlement.

They should have a list of established, well-funded, and reputable companies who will not take you for a last ride. The service provider can also instruct you on protocol. A judge may have to approve the buyout before anything is signed or changes hand. Consult with your lawyer and tax professionals as well before you settle on your decision to sell your structured settlement.

Bill Tilley - President

Amicus Capital Services LLC

25876 The Old Road #340

Valencia, CA 91381

Phone 661-263-0030

acs@amicuscapitalservices.com

http://www.AmicusCapitalServices.com

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