"A soft refusal is not always taken, but a rude one is immediately believed."Alexander Chase
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Be informed about the Medications You Take.
The recent withdrawal of the prescription drugs Vioxx and Bextra have arthritis patients concerned about their health, lawyers busy with lawsuits, and Congress poring over thousands of pages of documents obtained from the manufacturer. The drugs, part of ...
High Return Residual Income Is Possible, Not MLM
Face it, when you hear the term "residual income" associated with a home business or income stream, most of the time you can bet the business is MLM. You see, residual income is a buzz term used by MLMer's to distract your attention away from the ...
Real Estate Options for Retirement Funds
With your retirement funds it is possible to invest in real estate, mortgages, private notes, structured settlements, factoring, hard money lending, franchise, natural gas investments, golf courses, joint ventures, RV parks, fisheries investments, bonds, ...
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Put in simple terms, a structured settlement is merely an agreement that's reached between a plaintiff and defendant that outlines the flow of payment that the plaintiff receives, due to injury. These payments - which are made over a specified period of time - do offer some advantages to the recipient and are advocated by many legal professionals, since they provide more benefits over time, when tax rates are factored in for consideration.
When the payment system is set up, it can be customized according to the needs of the recipient and is issued through a stable financial institution. In cases where there will be ongoing medical expenses and/or living expenses that will be covered by such a settlement, it's important to be comfortable with the experience and the history of success that the company offers.
Among the many advantages of a structured settlement is the fact that the income that's generated from this type of agreement is not included as part of the recipient's annual gross income. In this way, the amount of dollars that are extracted upon filing a tax return doesn't have to be adjusted upward due to the excess income that is provided through a structured settlement.
Since the payments that are made through a structured settlement are guaranteed by some of the largest and most highly acclaimed insurance companies in America, there is a very low risk factor that's involved in receiving an uninterrupted cash flow once a settlement has been reached. This, too, is a benefit, since the discontinuation of payout can be devastating to an individual or their family.
In contrast to the interest that's acquired through CDs or Municipal Bonds, monies that are accrued through a structured settlement are not factored into the calculation of Social Security benefits. That translates into a greater monthly benefit for those who are collecting payments through the Social Security Department, which can make a huge different to those who are on such a fixed income.
Depending upon the level of disability, structure settlements can be set up to last for the lifetime of the recipient. These payments are guaranteed and can be customized to be made on specific dates or increased on a yearly basis in order to offset the cost of living, as well as factoring in any other special needs that may become apparent.
For those who suffer from credit problems or lose assets as the result of a divorce, the monies that are siphoned through a structured settlement cannot be considered as part of the financial scenario of the individual. Creditors are not allowed to claim any portion of the funds, and a structured settlement is not considered common property.
In addition to these, there are a number of other benefits that are intrinsic to a structured settlement, only some of which are geared toward the plaintiff. Benefits are also enjoyed by the attorneys and financial institutions that back such settlements. For further information, speak with your personal legal representative or consult one of the major online search engines.
About the Author
Josh Murray is a contributing writer to http://www.structuredsettlementinfo.info, a site that provides news and information on structured settlements.
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Structured Settlement Sales for 'Rainy Day Funds'CisionWire (press release)But those holding structured settlements have an easy way to get money to pay for all of the many emergencies that can happen to a family. Financial experts agree that one critical aspect of preparing for the future is to build up enough savings so ... |
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Transamerica Violates Annuity Exemption In TexasMarketWatch (press release)A lawsuit in Texas has accused Transamerica Life Insurance Company of violating Texas law exempting annuity benefits, reports the Structured Settlement Institute. In the suit (Cause No. 2011-05238, FinServ Casualty Corp. and Capstone Associated ...and more » |
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JG Wentworth Sued For Deceptive Trade PracticesSacramento BeeBy Structured Settlement Institute BOCA RATON, Fla., May 17, 2012 -- /PRNewswire-USNewswire/ -- JG Wentworth parent JGWPT Holdings has been accused of engaging in widespread deceptive trade practices in a recently filed lawsuit.and more » |
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