Can I Sell My Structured Settlement

If you are one of those people who are wondering, “can I sell my structured settlement?”, then the answer is a resounding “Yes”. Structured settlements are payments that come from lawsuit awards and are structured such that the payments are made periodically over a long period of time. This at times means receiving payments for the rest of your life. However, you may need to access this money at one time in life and it is at this time that most people ask, “Can I sell my structured settlement?” Once you decide to sell your structured settlement annuity, you should bear a few factors in mind.

These settlements are often protected by law and you may have to pose the question, “can I sell my structured settlement?” to a judge. Make sure that you have a valid reason for selling the settlement. If you do not have one, the judge may decline to approve the sale. This means that you have to discuss the issue with a financial consultant and a legal consultant. Together you will come up with the best way to ask the court the question, “can I sell my structured settlement?”

When you ask the question, “can I sell my structured settlement?" you should know that you will not get the full amount of your structured settlement. The amount will have to be discounted to account for the tax and profit that the buyer has to make. With a valid reason, you can sell your structured settlement annuity.

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