Settlement

Lump Sum Settlement

A lump sum settlement is exactly what it sounds like. A financial judgment is awarded to an injured individual with payment being issued as one payment. This type of payment is preferred to the standard, which is a structured settlement, which gives the paying party the opportunity to make payments to the injured party over a period of time.

Getting a lump sum settlement allows the injured party the opportunity to pay off medical bills and other bills that may have gotten behind due to a lack of income from the injured party, who may or may not have become disabled at the time of injury. Lump sum payments also allow the injured party to make purchases in cash that may not otherwise have been possible, such as a new home for a newly disabled person.

Rarely are settlements paid in a lump sum fashion. More often, these awards are made in a structured settlement fashion. This type of arrangement oftentimes leaves the injured party scrambling to make ends meet. That’s where settlement-funding companies come in. Investors who offer to exchange a lump sum payment for your structured settlement payments often run these companies.

While this sounds like a dream come true, consider this. Investors are in the business to make money. When you exchange your monthly payments for a lump sum settlement, you are, in essence, giving away a portion of your award. Sometimes the amount that you forfeit can be as much as half. Depending on your current situation, this may or may not make sense. Carefully consider all your options before deciding on this option.

If you are a victim of an injury and have received an award, ask your attorney if your payment can be made in a lump sum settlement. If not, ask your attorney if he can refer you to a reputable settlement funding company, if having the largest amount of money in the shortest amount of time is necessary for your situation. Most of the time, attorneys can point you in the right direction and help keep you from taking a larger hit than is necessary.

For more information or a free lumpsum cash quote on your structured settlement advance, contact Professional Settlement Buyers

More Settlement Loans Articles

Wrongful Death Settlement

When a loved one dies because of the actions of another person or company, a Wrongful Death claim (or “lawsuit”) can be filed in the civil courts on behalf of the deceased. The family that is bringing the case to the courts is known as the “plaintiff” and the person or company that may have caused the death is known as the “defendant” in the Wrongful Death claim. Civil courts handle all cases that involve awarding damages or other appropriate amounts to the plaintiff, whereas criminal courts involve action being taken by the state after a crime has been committed.

When a judgment by the civil courts has been found to be in favor of the plaintiff, the case has been won on behalf of the deceased and types of damages that may be recovered in these lawsuits vary from state to state. The way the deceased handled their finances while living, the income that would have been earned if the deceased had lived, the actual costs caused by the death (including medical expenses and funeral arrangements), and pain and suffering of the deceased’s family may all be considered by the courts in determining how much to award. The awarded amount is known as the “settlement” and is usually paid out over a specified, or “structured,” length of time by the defendant in the lawsuit.

After a “structured settlement” (payments that will be made over time) has been awarded to the family of a deceased individual, a “structured settlement factoring transaction” may be done to allow a “lump sum” payment, which is a single larger payment, instead of waiting for many payments of smaller amounts that have been awarded in a Wrongful Death Settlement. The plaintiffs then sell their rights to receive all or part of their future payments to someone else in order to receive the lump sum right away.

There are many possible reasons that people may find they need a larger amount to be paid to them in a shorter amount of time. Situations where there are unexpected medical expenses for themselves or a dependent, loss of employment, educational needs, improved housing, or transportation are among the many common reasons people choose this type of transaction.

For more information or a free quote for your wrongful death settlement, contact Professional Settlement Buyers

Structured Settlement Money

Are you in possession of, or about to receive, structured settlement money from a personal injury claim or from a previous employer as worker’s compensation? Unless you have many kids who have good jobs and may help provide for your needs for the rest of your life, you may want to invest your structured settlement money far out into the future to help you grapple financially with needs or opportunities that present themselves in the future.

Your structured settlement money may very well serve as your retirement savings. If there is more than enough for your present needs and you are thinking of ways to guarantee a steady income stream in the future, you may want to consider investing in an annuity.

Having at hand a lawyer and choosing an ethical structured settlement buyer backed by many years of experience are very important. A knowledgeable financial services company will also be able to explain all of the laws you need to comply with in selling your structured settlement.

As for the annuity you are eyeing, you need to update your knowledge and evaluate which among the various forms is just right for you. If you opt for a fixed immediate annuity, you’ll get a regular income stream on a monthly basis. There are suitable ages to invest on an annuity, though. If you’re in your late 50s or 60s, that may be the best time to buy, as there will be no penalty in case you need to withdraw funds.

The main advantage people see in an annuity is the opportunity to accumulate tax-deferred income up until you begin making withdrawals once you retire. Aside from tax that comes with regular income, taking funds from your annuity before the age of 59-and-a-half years will require payment of a penalty fee of 10 percent federal income tax.

If you think a fixed annuity, which pays a guaranteed rate of return and can be immediate (or deferred) is right for you, discuss a suitable plan with a professional financial advisor. Individuals who do not have that much wealth will do well not to put all their funds in one basket. Reserve some ready cash for medical care or emergency. If you’re in tiptop health, though, and in your 50s or 60s, an annuity makes a lot of sense, and can be a great choice for making money with your structured settlement.

For additional information on how to get cash for structured settlement and cash for settlement options, visit these great sites.

Related Settlement Loans Articles

Mesothelioma Settlement Facts

When you are out to seek mesothelioma settlements, it is imperative that you must be fully aware of the situation at hand. It is true that you can seek the help of professional lawyers. The amount that is settled pursuant to the mesothelioma settlement usually runs into millions. Well, in fact, you cannot entrust the lawyer to handle such amounts and keep you out of the loop. The treatment for mesothelioma must be initiated soon after the diagnosis is completed. Surgery, chemotherapy and radiation therapy is the usual methods of treating mesothelioma. It has to be understood that these procedures are expensive.

This is why the settlement amounts run into millions. When you are diagnosed with mesothelioma, there are primarily two ways in which you will be able to proceed. You can either file for a lawsuit or opt for a mesothelioma settlement. If you are dealing with large multinational corporations, then they would always recommend opting for the mesothelioma settlement. This is because they value their business and reputation is an important matter in business. If a firm looses that inherent character, then many important business deals that are about to materialize might be canceled.

If the party prefers for mesothelioma settlement, then no one will know about the entire circumstance. This is because the settlement discussions are held in closed rooms. The firm will be willing to provide compensation or might agree to take care of all the medical expenses that will be incurred. The importance of the situation must never be underestimated. There are firms and lawyers who are involved with mesothelioma settlements. Your first priority must be to find the best lawyer in the city and proceed with them to settle the scores. Do not worry; the niche is filled with many eminent personalities, hence, you might never feel at loss when they are working on your case.

These settlements are largely governed by the laws that are in existence on the particular state. In other words, the lawyer must be proficient with the laws laid out in the particular state for the paradigm. Do not expect an easy route to the mesothelioma settlement. Every detail that is being asked by the attorney must be presented to him at the appropriate times. The attorney will require time to study the case and reach conclusive factors that will determine the settlement amounts. Some of the environmental rules might not be in existence during those times.

Some companies have known to wriggle out of lawsuits and settlements by stating such facts. The attorney must be adept at handling these situations. The time taken to grant the settlement amount is also an important factor. The patient must pay for his treatment; else, the authorities will stop it. Leaving the treatment halfway will lead to serious consequences. Whether the victim used to work with asbestos, or whether he was subjected to secondary currents of microscopic air currents is also an important issue that will be a deciding factor for the mesothelioma settlement.

To find out more on Asbestos Cancer Mesothelioma or Mesothelioma Settlements, simply click on the links.

Whiplash Settlement

Whiplash is a very common injury that affects the neck and mid-back (at the middle of the spinal cord) and is caused by sudden movement to the neck. When the neck suddenly snaps forward and then back, it may stretch or tear the ligament that holds the neck in place on top of the spine; this may result in a whiplash injury. Pursuing whiplash settlement cases in the civil courts can best be done with the help of personal injury lawyers to ensure the maximum amount is awarded to the injured person.

Damages are often awarded in whiplash settlement cases based on the severity of the injury, how long it takes to heal, medical expenses incurred, and on similar cases (also known as precedents) that have been awarded by the courts. Ages of the injured individuals, how long they will have to live with the injury, as well as the effect whiplash has on their enjoyment of life are also determining factors. The more severe the injury and longer the anticipated rehabilitation will allow the courts to award a larger whiplash settlement to the victim.

It may take as little as 6 months for simple injury cases to over a year for more complex injuries for a whiplash settlement to be awarded. Damages will often also include recovery expenses and any income that may have been lost because of the whiplash injury. Legal and court fees may also be awarded, as the victim would not have these legal fees if the injury had not occurred. Having the right lawyers handle whiplash settlement cases can make all the difference in whether a case will be settled in favor of the victim and in ensuring that the maximum allowed amount will be awarded by the civil courts.

Should you be interested in selling your whiplash settlement, there are a number of professional companies that can purchase your settlement for a lump sum cash payment. Going with the larger companies like Peachtree and JG Wentworth typically won’t give you as good of a deal as going with smaller competitors who not only pay more for your settlement but also don’t charge legal and other fees like the big names.

For more information or a free quote on purchasing your whiplash settlement, contact Professional Settlement Buyers

GET THE FREE STUDENT LOAN REPORT

Free Student Loans report Fill our this simple form to download this great report..
Its FREE!!
Read this before you get your next student loan.

 

Name:
Email Marketing by Javelin
Or get the full student loans ebook and get the right information about student loans..

WE Like You

YOU Count