(PRWEB) July 07, 2005
Toronto, Canada; Athens, Greece (PRWEB) July 7, 2005 -- "Should you accept a settlement? Is selling your settlement a good idea? Does it make financial sense to buy a settlement?" asks Terry Bogris, President of StructuredSettlementResources.com, the primary source of information on legal structured settlements.
"These are all very good questions and their answers are different from case to case", says Terry. "Whether it be for yourself, your family, or friends, with the amount of law suits and court cases sky-rocketing, it is imperative to have access to information regarding structured settlements".
Lately, it has become commonplace for victims of injuries who accept a settlement from the at fault party to accept a structured settlement instead of a lump sum payment. With a structured settlement, the injured party receives payments over a predetermined period of time rather than receiving payment up front in a lump sum.
There are advantages to this for both parties. The injured party may require constant medical care and the regular payments of a structured settlement guarantee that income will be available to cover the medical expenses. For the paying party, the settlement can be paid by purchasing an annuity, which allows an upfront payment to accrue interest, thereby producing a larger long-term yield from a minimal investment. In many cases, a structured settlement is viewed as a win-win situation for both parties.
There are restrictions on structured settlements that may not suit everyone. Once you agree to accept a structured settlement, you can neither trade it back in for a lump sum payment, nor can you use it for collateral for a loan. What if some cash for some unexpected expense? Well, under certain circumstances, you may be able to sell your structured settlement to a third party.
There are companies that are interested in purchasing structured settlements for investment purposes. They will agree to pay you a lump sum, in cash, in exchange for you signing over your future annuity payments to them. Obviously, the party that offers to buy your annuity is interested in doing so for investment purposes. They wish to make money on the transaction, and for them, that profit will be spread over the long time that it takes to receive all of the payments that constitute the settlement. The amount you receive will be an amount equal to the present day value of the settlement, minus whatever sum the investors require for their profit on the transaction.
At http://www.StructuredSettlementResources.com, we provide you with tons of resources to help you make an educated and informed decision. We can also assist you in selecting an attorney/solicitor and/or tax advisor for the transaction.
To find out more about StructuredSettlementResources.com, visit our website at http://www.StructuredSettlementResources.com.
Structured Settlement Resources