In most states the short answer to this question is simply “No”.
However, some states mandate that anyone who intends to sell a structured settlement consult with a lawyer or a qualified financial advisor. Even if you live in one of the three states (North Dakota, Wisconsin, and New Hampshire) that have no regulations governing the sale of structured settlements, your transaction may still be regulated under the laws of the state in which the factoring company or insurance company has its headquarters.
So consulting with an attorney or financial advisor about the sale of your structured settlement is (more…)
It seems that every day, more and more advertisements or websites for the same products and services are appearing on the Internet. The abundance of options might appear to be a benefit to consumers, but a closer look reveals that more players may only result in unnecessary confusion. Some advertisements are for legitimate structured settlement companies while others are simply marketing machines trying to capture your personal information only to sell it to the highest bidder. (more…)
This generally depends on the nature of the structured settlement. If it is initially set up to compensate the recipient for the duration of his or her natural life, then naturally these payments would end with the passing of the measuring life. (more…)
Even with a sizable legal settlement, with the nature of the unique profit-driven medical care system in the U.S. and its ever increasing costs to patients, it is still possible for a plaintiff who has been severely injured in an accident or due to a defective product to wind up in bankruptcy court. In fact, medical bills are the primary cause of bankruptcy in the United States, and it is the only industrialized nation in which this state of affairs exists and continues to be tolerated. (more…)
In the new economy, a steady, predictable income stream is a real asset – particularly if it is tax-free. Therefore, you should not be in too much of a hurry to sell your structured settlement unless the need is great – or there is a business opportunity that is too good to pass up. (more…)