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Financing Your Business Venture
Many small businesses were born during the recession of 2001. One key reason is that during a recession period overhead costs tend to be lower. Still the time comes when a business needs to ascend to higher ground and reach a larger group of...
Structured Settlement – Guaranteed Income for those with Disabilities
Up until twenty years ago, anyone who won a lawsuit as a result of a claim involving worker’s compensation, wrongful death or accident had to accept a lump sum payment as their compensation. The payment would be intended to be invested, with the...
Structured Settlements 101: How Structured Settlements Work
You have probably heard the term “Structured Settlement” on a television or print ad and wondered what it meant. After all, the term is not a part of our everyday lexicon. A structured settlement is a contract under which an insurance company...
Structured Settlements Offer Advantages over Lump-Sum Payments
A structured settlement, which offers injury victims cash payments through a long-term annuity as compensation for their damages and medical expenses, offer a number of possible advantages over payment in a lump sum. While the lump sum payment is...
To Factor or Not to Factor?
The purchasing of accounts receivable (invoices) is generally known as factoring. Businesses can sell their invoices to companies known as factors. Although not all businesses are familiar with factoring, historians claim that factoring dates back...
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Is Structured Settlement The Way To Go?
Often, a structured settlement is one that offers the payment of funds owed in an agreed upon way. It works to allow individuals to receive payments of the money that is owed to them in such cases as a lottery winning or a personal injury lawsuit.
A structured settlement also allows for the company making payments to pay in payments rather than in a large, lump sum. To decide if a structured settlement is the right choice for you, consider these factors.
• In many cases, a structured settlement is one that will allow you to receive monthly payments as opposed to one large lump sum. It is often the case that a lump sum will be worth less than the payments could be over time. It is often the most beneficial in dollar amounts.
• Secondly, it has more tax advantages to it than that of a lump sum payment. It is often structured to include a lesser amount of money going to taxes.
• It is a good choice in circumstances where the individual is on disability, is incapable of work or has become incompetent. In these cases, it allows for monthly payments to
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allow care throughout the life time.
• In cases where a wrongful death has happened, it is necessary for the spouse and/or children to receive monthly payments to allow for compensation for wages.
• It is also a benefit in such cases where the money will be needed to make payments. For example, in the payments needed for mortgages and car loans.
A structured settlement allows for individuals to receive payments instead of receiving a lump sum. While a lump sum may allow for more right away, a structured settlement allows for continuous help throughout the course of the repayment terms.
Determine which is the right situation for you is something that you and your attorney will need to discuss further. Ask him what a structured settlement can do for you.
About the author:
Ken Austin is the webmaster at Structured Settlement Tips
and Financial Resource Guide
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