Lump Sum From Annuity or Structured Settlement

Lump Sum From Structured Settlement

Congratulations on having been awarded a structured settlement. You will be getting incremental payments up to the time when that full settlement is paid off entirely. So you can look forward for a check to be cut in your name monthly, bi-monthly, quarterly or what ever the stipulated time granted by the courts. But how many times do you wish you had that lump sum structured settlement to actually do real business instead of trickling every coming in every month? Can it happen? Yes. Is it hard to do? No. If toy want to receive a lump sum from your settlement, the first thing you need to do is ask yourself is this a need or is it because i know that cash is there i want to use it.Then you should continue asking yourself the flow of questions.

Is the lump sum i plan to receive from the settlement will be spent or invested wisely?
Don't go diving into investments that seems too good to be true. always take your time to find out as much as possible about what you are getting into and how much of a risk factor the investment is. We know that all investments carry a risk factor, some are just more riskier than others.

Are there any other avenues available other than selling my structured settlement for lump sum cash?
What exactly will you be using that lump sum cash for, i hope it is something very beneficial such as education, housing, health or starting a business. But you need to understand your settlement and how much it may be worth and weigh in on other areas where you possible can get a grant or even a loan at a very reasonable interest rate. A wise business man once told me, never risk your own money!

How much is my settlement actually worth in the long run?
We are not a very patient society these days are we? Everything is just moving flash pace and no one has anytime to see things through until the long haul, where it may be more fruitful and profitable. You are anxious to receive Lump sum from your structured settlement now, but patience many times pays in higher dividends.

Should i hire an attorney to negotiate the deal in selling my structured settlement for lump sum cash?
It is always good to have experts and professional people deal with certain negotiations. Especially legal issues with finances. The lawyer is there to see that you are not being suckered into selling your settlement for chicken feed while the big companies laugh all the way to the bank. They will take the hassle out of the legal issues and ensure that all paper work are understood by you and also properly checked. My advice would be to always solicit the service of a lawyer when doing these transaction. You of course should not just sit and take a back seat during this transaction, you must be dynamically involved from the start to finish. When the sale of settlement is complete and the company is happy, your lawyer is happy and you have you lump sum cash in hand, then that is a smooth and fruitful transaction.