Tuesday, August 7, 2007

Is a Structured Settlement Right for you

Is a Structured Settlement Right for you?
By Bob Molton




If you had the misfortune of being involved in an accident of some type, a



Structured Settlement may be in your best interest. A structured settlement



can help you gain the financial security and protection for you and your family



over the years to come. The simple truth is, you don't know what kind of problems



can develop further down the road from the results of your injuries. This could



put you in a hard position if you weren't prepared.






There are several things to think about when it comes to structured settlements.



The first is the fact that you'll be compensated by installment payments over



the course of time, rather than receiving a large lump sum. This can be very



important in that, if you were to receive one large lump sum and didn't manage



your money wisely, you could put yourself into financial instability. If you develop



problems down the road from your prior injuries, it could be the beginning



of a finacial downward spiral. This could also put massive strain on your family and



possible do more harm than the injury itself.






Another thing to keep in mind is your structured settlement payments are 100%



tax-free. This could be another reason to consider this option.






However, the best option to choose will be different for everyone because of



each individual's unique situation. You see, it's very possible that the best



option for someone else, could be one large lump sum up front. This is actually



quite often the case, but you need to be very careful on how you handle the



sale of you structured settlement.






There are many companies out there that will buy your structured settlement and



pay you cash now, but you really need to do some exploring and find out



what's best for you in selling your structured settlement.






Choosing the right specialty finance company to work with is an important



decision, and many people do not know where to turn for advice. There



are great firms that are designed to help you get the most money for your structured



settlements and annuity payments. Many of these firms make this process very



easy for you by matching you with the best possible financial institution to



handle your settlement, and letting you decide how to proceed, putting the control



where it should be, in your hands.






For Details on Companies that Purchase Structured Settlements.




Bob Molton offers resources to help others get the crucial information needed to make correct decisions involving their structured settlement. If you're considering selling your structured settlement I urge you to learn more at Structured Settlement Purchasing Companies
Thank You, Bob Molton



Article Source: http://EzineArticles.com/?expert=Bob_Molton

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