Structured Settlement Questions

Structured Settlement Questions

Will i receive interest on money i get from a structured settlement?

Am i able to put down structured settlement as collateral for a loan?

What is the definition of a structured settlement?

Questions that you may have if you have been awarded a structured settlement. Structured settlement questions can be very important to your financial future.

When you that you are going to receive a structured settlement, a lot of times you have questions about what it really is.

So here are some of the more frequently asked questions, other than the most important, whic is:

How do i get my structured settlement money? 

When do i get my structured settlement money?

What is the definition of a structured settlement?

A structured settlement pays the person who has won the settlement over a period of time, instead of just paying all at once.

These payments are sometimes called periodic payments. Often it will be created through the purchase of one or more annuities, which guarantee the future payments. So, normally you will need to investigate, not only structured settlements, but annuities as well.

Am i able to put down structured settlement as collateral for a loan?

Usually, it can not be listed as collateral, but one way that it does help is that you can list it as a form of income. This can be very helpful if you are making a big purchase, like a house or luxury automobile.

I have a structured settlement but i need cash for structured settlement now

Will i receive interest on money i get from a structured settlement?

Our shortest answer is no. The interest is included and, is therefore, tax-free. The only way yo get additional interest, is to invest your payments. Of course, that money would be taxable, just like any other investment.

Make sure you ask structured settlement questions if there is something that you do not understand. Be sure that you understand everything is clear to both you and to your attorney.

Once the papers are signed, it’s non negotiable and you have to be happy with what you have been given, so it’s a good idea to be clear on all the details.