A structured settlement is an irreversible agreement, there is no way to reverse a structured settlement agreement and receive a lump sum. The good news is that sellers with structured settlements can transfer the rights to their future structured settlement payments in exchange for funds now.
A structured settlement is a financial or insurance arrangement that is negotiated between parties who have been personally harmed and the persons or situation that harmed them. The settlement amount comes in the form of periodic payments on an agreed schedule, rather than as a lump sum.
Mystructuredsettlement.net are experts in this field. They can restructure, buy out existing settlements for cash-out purposes or advance lump-sum payments so you can pay off bills and get back on track. My Structured Settlement.net will give you better terms than JG Wentworth or Peach Tree Financial.
History of Structured Settlements
Structured settlements became more popular in the United States during the 1970s as an alternative to lump sum settlements. Several rulings by the Internal Revenue Service (IRS) increased the popularity of structured settlements, an increase in personal injury awards, and higher interest rates.
If certain requirements were met, then the IRS rulings stated claimants would owe no federal income tax on the amounts received. Lower present values are a result of higher interest rates, hence lower cost of funding of future periodic payments.
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