F.A.Q. Regarding Structured Settlement Payments

If you are interested or have a need to access the value in your future structured settlement payments, you should take some time to read the information below. You will find important facts about the transfer of structured settlement payments.

~ Can I sell future settlement payments?

Yes, you can.

~ Why would I sell future payments from my structured settlement?

As to the why? You are the only one that can answer the question "why" and it is a very important question you should ask yourself. There should be a very good reason or reasons why you feel you need to access future income from settlement payments now. It needs to be in your best interest to convert future payments into cash now and many states require a judge to determine if it is in your best interest. The lump sum cash received now might be used for education/tuition, purchase a home, buy a car or payoff high interest debt.

~ Are there laws governing the transfer of settlement payments?

In 46 states there are laws that regulate the transfer of settlement payments. The process is handled by a judge. Also, there are states that require you (the structured settlement recipient) to seek advice from an Attorney, CPA or Financial Advisor before the transfer of payments can happen.

~ How long does it take to get my money?

Because of the court process, the length of time for receipt can vary from 75-140 days and in some instances longer.

~ How do I know if my transfer request will be approved?

Unfortunately, there is no way of knowing if a judge will approve your request. There are, however, steps you can take that will enhance the decision as to whether a judge will approve or decline your transfer request. The main one being to work with a company that is well educated in the field of structured settlement transfers, one that is very thorough and experienced in the process when presenting the court required documents.

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