Some Things to Consider
Earl Nesbitt, a lawyer experienced in helping buyers and sellers of structured settlement payments, said that “Judges are less likely to view a transaction favorably if the payee/annuitant is young (less than 25 years old). The typical thought process is that younger people are more likely to make unwise financial decisions. Selling structured settlement/annuity payments to “invest” in the stock market, or other passive ventures, or to put money in savings is almost always viewed by courts as unwise. The reason for this is that the payee is giving up future tax-free income/structured settlement payments (discounted to present value at a discount rate of 12 or 15%) to “invest” in assets or a venture where the return will be taxable. Economically and financially that is not a good bet.”
If you want to sell structured settlement payments it is imperative that you have a good reason, are receiving a fair rate, and are able to answer the judges questions in a way that show you to be financially responsible. Call Strategic Capital today to get on the road to approval of your cash for structured settlement transaction.