Structured settlements provide a host of benefits over lump sum payments
Tax Advantages
These payments are 100% exempt from standard taxes thus making their value often greater than a standard lump sum that can be taxed.
Financial Security
The payments are guaranteed for a long period of time. This makes the settlement much clearer regarding what the compensation is and what it will be used for, including its duration. Individuals that have been seriously hurt in accidents most often need care and assistance for extended periods of time, often for their entire lives.
Relief from Expertise
Most people do not have the experience or skills needed to manage a large sum of money. For example a bad investment or pressure from friends or relatives to use the money for various purposes could undermine the very financial security the settlement was intended for. Most people are well intentioned but bad financial decisions are a reality, especially when large amounts of money are involved.
Points of Interest
Figure out what lump sum value you might be paid for your structured settlement, whether lottery, alimony, or any other. This financial calculator allows you to input the amount owed, the amount of time the payment will occur over, and the expected interest rate an investor might charge you.
How can I find out more information?
When you request your free no obligation structured settlement quote you will have the chance to learn even more about your options and speak with a licensed local structured settlement professional in your area... Take me There