Cash For Future Payments-Knowing Your Options
If you are a recipient of a structured settlement or an annuity, you
should know your options. This of course includes receiving cash for
future payments. Recognized by congress since 1982, structured settlements
provide long-term financial security to personal injury victims and their
families through a stream of tax-free payments that are usually tailored
to their needs. As a result, structured settlements generally have become
an inherent part of physical injury settlements.
As we said, a large part of knowing your options includes getting cash
for future payments that are due you. If it seems like your structured
settlement payments are trickling in over a very long period of time, you
can cash-in and get a lump sum today without tax consequences. There are a
number of brokers who can help you by getting cash for all future payments
or only a part of them.
|
