Buyer Of Structured Settlement
Buyers of Structured Settlements
Okay, you are determined to sell and are looking for a buyer of structured
settlements in order to cash-out. In order to locate buyers of structured
settlements, you don't always have to deal with a broker. You can pass
over the middleman and deal with a direct purchaser or funder. If you deal
with a purchaser or funder directly, you don't have to worry about the
hassle of dealing with a broker.
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Why Weren't You Told You Could Sell?
More than likely, the reason you probably weren't told that you could sell
your annuity, is because nobody knew you could at the time of settlement.
Attorneys are trained to look out for the best interests of their clients,
but they are not specifically trained in finance or in secondary markets.
A lot of attorneys, as well as the general public are completely in the
dark about these options.
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Buyer Of Structured Settlement Annuity
A Little History on Structured Settlement Annuities
The concept as we know it today actually began back in 1979 with the
issuance of two revenue rulings by the Internal Revenue Service. Revenue
Ruling 79-220 [1979-2 C.B. 74] states that: An insurance company purchase
and retain exclusive ownership in a single premium annuity contract in
order to fund monthly payments agreed to during the settlement of a damage
suit. The issue was whether the exclusion from gross income under IRC §§
104(a)(2) applied to the full amount of monthly payments received in the
settlement or only to the discounted present value of such payments. The
IRS said the recipient may exclude the full amount of the payments from
gross income under section 104(a)(2) of the Code, and that payments made
to the estate after the recipient's death were also fully excluded from
taxable income.
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The Buyer of Your Structured Settlement Annuity
Selling your future payments has never been easier and neither has been
choosing the buyer of your structured settlement annuity. By selling your
payments now, you can take back control of your financial future and use
or invest the money as you see fit. There are numerous buyers of
structured settlement annuities from which you can choose.
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