You might consider selling your structured settlement if you are no longer receiving payments from the settlement. Structured settlements provide a stream of stable, tax free payments that can help you overcome financial hardship and achieve your goals.

Selling your structured settlement should be considered carefully. To protect you against untrustworthy buyers looking to exploit you, both federal and state laws exist.

Legal Process

A structured settlement is a lump sum payment that`s created after a personal injury or wrongful death lawsuit. You can use the money to purchase a home or pay off high-interest debt.

You must ensure that your structured settlement sale is legal. This involves court approval.

Every transfer is evaluated by judges to determine if it is in your best interests and fair and reasonable. They review the history of the buyer company, your current payments, and any requests for a sale.

Selling your structured settlement can be a great way to access the funds you need for an important event, but it`s also important to understand the process before you make a decision. To learn more about the legal process of selling your structured settlement, contact Liberty Settlement Funding today. We can help get you the cash you need, and guide you through the court approval process.

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Court Approval

You need court approval to sell your structured agreement. This approval is required by federal law as well as state structured settlement protection laws.

You need to be patient as the process can be complicated. Generally, you`ll be required to attend a hearing and provide proof that the sale is in your best financial interest.

A judge will review your case to ensure that the sale makes sense for you and your family members. He or she will review your current financial situation, and how the sale will affect you in the short-term and long-term.

For example, if you`re selling a structured settlement to provide for a child, you`ll need to make a compelling case that selling is in your child`s best interests. You will also need to show that your child has a continuing and current need for cash.

Factoring Companies

You may have seen television commercials that invite you to sell your structured settlement for “cash now.” A factoring company buys your future payments in exchange for cash upfront. Factoring companies can help you get the cash that you need, when it is most needed.

They are an excellent option for addressing short-term financial needs and take the guesswork out of planning. Be sure to shop around for the best rate for you.

As with any transaction, it`s important to shop around and choose a quote from a credible, reputable and affordable company. This involves comparing their low discount rates and other buyout options, as well as the level of customer service they offer.

Lump Sum Payment

When you need a lump sum, selling your structured settlement can be an excellent option. This is especially true for those who have large medical bills to pay, or need to sell a structured settlement.

You can have more control over your money by making a lump sum payment. You can decide to sell a full structured settlement, or a percentage of your payments, or you can sell a combination of both.

To make the most of your settlement, be sure to set a budget and plan how you will use the money. This will help you minimize fees and ensure you receive a fair price.

When it comes time to sell your structured settlement, prepare for a long process that involves several steps. Be sure to research and get quotes from multiple reputable companies.