Structured settlements are awarded to plaintiffs who have sustained life-altering injuries in personal injury, liability, malpractice, and harassment cases. While these structured settlements are designed to provide the injury victim with a steady stream of income, there are significant disadvantages to having your funds locked up in an inflexible annuity. As a result, many accident victims choose to sell structured settlement payments. Selling a structured settlement is a big decision—be sure to consult your legal and financial advisors before taking action—and the first step in the process is to research trusted structured settlement companies to find out who buys structured settlements. (more…)
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"Winning the lottery was a completely amazing experience... Woodbridge Structured Funding, LLC helped make my dream a reality."
"Winning the lottery was a completely amazing experience... Woodbridge Structured Funding, LLC helped make my dream a reality."
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Posts Tagged ‘sell structured settlement’
When Is It Too Late To Sell an Annuity Settlement?
In 1998, Daniel received a structured annuity settlement in a personal injury case. Though badly injured by a falling power line, Daniel was eventually able to return to his job and continue with his career. Then in 2008, Daniel was laid off. Though he searched hard for a new job, employers were unwilling to hire someone of his age, and Daniel’s hard-earned savings were quickly running out. The structured settlement from his injury was providing a small amount of income, but the payments were too small and too sporadic to help cover his mounting debt. An old colleague of Daniel’s suggested he sell his annuity settlement. Unaware that he was able to sell a structured settlement for lump sum payments, Daniel quickly went about researching the best way to sell his annuity settlement. (more…)
Build a Foundation for Your Family: Sell Structured Settlement Payments
Sell Settlement Payments to Invest in Your Family’s Future
Not everyone is aware that they can sell settlement payments, or what the benefit of selling structured settlements for a lump sum might be. While it’s not right for everyone, the ability to sell structured settlement payments has made a world of difference to families like Richard and Linda’s.
Richard had been working for the same construction company for 13 years when he was injured on the job. A section of scaffolding he was working on collapsed when a truck delivering supplies hit it, sending him plummeting to the ground below. His back was badly injured in the fall, and Richard spent weeks in a wheelchair. Through the diligent efforts of hospital rehabilitation specialists, and the help of his wife Linda, Richard finally made it out of the wheelchair. But while he could walk again, it was clear that his injuries ended his construction career. Much of his medical care had to be paid out of pocket, and with a daughter in her sophomore year in college and a son about to enter his freshman year, Richard and Linda were distraught that the drain on the family finances meant they would be unable to help their children obtain an education. Richard had been awarded a big settlement, but the money was tied up in a structured settlement whose periodic payments were spread over 25 years — too small to repair the damage done to the family’s finances.
Selling Structured Settlements Was the Answer
Richard and Linda researched their options, and found out there was a way for them to put their son and daughter through school. The solution was to sell structured settlement payments for a lump sum. After researching a number of structured settlement buyers. Richard and Linda chose to sell settlement payments to Woodbridge Structured Funding on the recommendation of a family friend who had previously sold structured settlement payments to Woodbridge after she was injured in a car accident and needed the money to return to school.
The lump sum they received from selling Richard’s settlement was enough to fund their children’s education. Their daughter’s studies were uninterrupted and their son began training to become an electrician at the local community college. Richard, meanwhile, was eager to get working again. Though his career as a construction worker was over, he decided to use some of funds he had received from selling his structured settlement to begin a small construction company of his own. By selling structured settlement payments, Richard and Linda were able provide for their children, and for their own future. An accident shouldn’t ruin your life, or cause undue hardship for your family. If you’ve been awarded a structured settlement you may think you’re problems are over. Unfortunately, the terms of the settlement may prevent you from meeting important immediate financial obligations. Sell settlement payments and regain control over your life.
If you think you might want to sell structured settlement installments, contact Woodbridge today for a free quote. Woodbridge Structured Funding, LLC will beat any legitimate offer. Call today (1-866-865-7044) to speak to an advisor now. You can also use contact us online for a free quote. It’s quick, easy, and all information is kept strictly confidential.
Woodbridge Structured Funding, LLC: Sell structured settlement payments for cash – with ease.
How to Sell Structured Settlement Payments: 5 Easy Steps
1) Understand the Structured Settlement
It is common for plaintiffs in personal injury cases to be awarded a structured settlement. Simply put, a structured settlement is a legal settlement in which damages are awarded in the form of an annuity, as opposed to a single lump sum payment. More information on structured settlements can be found in the article What is a Structured Settlement?
2) Evaluate Reasons to Sell Structured Settlement Payments
Selling structured settlement payments is not for everyone. As with any important financial decision, it’s vital you research the issue carefully and consult with trusted legal and financial advisors. While general advice on the selling of structured settlement payments readily available, it is vital you consider your specific financial needs when deciding whether or not to sell your structured settlement payments. Reading Sell Settlement or Not? 3 Questions to Consider will give you a better idea of the questions you should be asking yourself during this process. 4 Reasons Not To Sell Structured Settlements explains the advantages and disadvantages of receiving lump sum payments.
3) Decide How Many Structured Settlement Installments to Sell
One of the many advantages of selling structured settlement payments is the flexibility of the process. When selling structured settlement payments for a lump sum payment there is no obligation to sell your entire structured settlement. You are able to choose which structured settlement payments to sell based on your financial needs. When is a Good Time to Sell a Structured Settlement? provides information on the best time to sell structured settlement payments.
4) Research Structured Settlement Buyers
Different structured settlement buyers offer different terms and conditions. It’s important you find a trusted structured settlement buyer that provides the best options for you to sell your structured settlement payments. Since 1993, Woodbridge Structured Funding, LLC, and its predecessor companies, has been a pioneer in the financial services industry. Woodbridge Structured Funding has been an innovator in the purchase of future structured settlement payments in return for a lump sum, and continues to be an industry leader today.
5) Contact Structured Settlement Purchasers for Quotes
Before you successfully sell structured settlement payments it’s a good idea to do some market research. Woodbridge Structured Funding, LLC will beat any legitimate offer. Call today (1-866-865-7044) to speak to an advisor now. You can also contact us online for a free quote. It’s quick, easy, and all information is kept strictly confidential.
Woodbridge Structured Funding, LLC: Sell structured settlement payments for cash – with ease.
What is a Structured Settlement?
What is a Structured Settlement?
A structured settlement is an annuity established in the settlement of a personal injury, harassment, malpractice, or liability case. Instead of collecting the settlement all at once in a lump sum payment, the plaintiff receives regular, periodic payments, usually spread over a long period of time. Woodbridge Structured Funding works with individuals seeking to sell structured settlements. Read on to find out how selling your structured settlement can help make your dreams come true.
What Does a Structured Settlement Mean for Me?
Let’s examine the case of Cody, who also had reason to ask, “What is a structured settlement?”
Cody was hurt in a golfing accident and filed a lawsuit against the golf course. He won the case and was awarded a settlement of $50,000.00. When Cody heard the amount, he immediately thought of all the things he could do with the settlement money. He imagined buying a boat, paying off his expensive student loans, and planning a trip around the world.
Then Cody learned that his award was a structured settlement, paid out over a span of twenty years. This means that each year Cody will receive only $2,500.
What Can I Do With a Structured Settlement?
Keep it: You can choose to hold onto your structured settlement, collecting the money in the predetermined increments until it is paid in full. This will give you a guaranteed, steady income, but, like Cody’s, the payments may be too small to realize your dreams or pay your bills. Cody’s settlement was paid over a span of twenty years, but some structured settlements are scheduled for an even longer period of time. As a result, people often sell structured settlements to maximize the financial benefits of their structured settlement, or to fund medical and legal expenditures.
Cody’s $2,500 annual structured settlement payments were barely enough to cover monthly payments on one of his credit cards – if he stuck with the structured settlement he had no chance of paying off his student loans, let alone embarking on his sailing dream. After researching and learning some of the reasons people in similar circumstances sell structured settlements, he contacted Woodbridge Structured Funding and consulted with our experienced settlement professionals about the best course of action.
Sell it: After conferring with Woodbridge Structured Funding and his own financial planner, Cody realized selling his structured settlement was the route to realizing his dreams. Cody sold the structured settlement and received a large lump sum payment. After paying off his loans, he was able to invest several thousand dollars and still have money left over to accomplish the dreams he had when the case first settled.
Sell Structured Settlements: Is it Right for Me?
Because every situation is unique, there is no simple answer to what you should do with your structured settlement. However, you should always consider all options while deciding whether or not to sell your structured settlement. Woodbridge Structured Funding has decades of structured settlement experience and if you’re still wondering “what is a structured settlement?” or are ready to get your free quote, contact Woodbridge Structured Funding (866-865-7044)and begin realizing your dreams.
When is a Good Time to Sell a Structured Settlement?
Best Times to Sell Structured Settlements
Part of the reasoning behind the granting of a structured settlement is to provide the recipient with a long-term source of income. While a good idea in theory, in practice, a structured settlement rarely provides for the real-life financial needs of the plaintiff and his or her family. Some who receive structured settlements continue to undergo treatment for the injuries that led to their case; others cannot return to their jobs as a result of the injuries they sustained. In order to make ends meet the annuitant may need to make substantial payments that are greater than the periodic payments they receive from the structured settlement.
Hospital bills aren’t the only reason to sell structured settlements. Small payments spaced over the course of many years won’t allow you make down payments on a house or car. And if you’ve lost your job, you may be in urgent need of larger amounts of cash. Luckily, companies like Woodbridge Structured Funding buy structured settlements, granting you a lump sum payment in return. The decision to sell future payments can be made at any time; you can even sell a portion of your structured settlement.
While there is no bad time to sell a structured settlement, the earlier you exchange your structured settlement for a lump sum payment the greater control you’ll have over your own money.
Interested in Interest? Get a Lump Sum Payment Now
One great reason to sell structured settlements is that you and your financial planner can decide to invest your lump sum payment in higher yielding assets. The sooner you sell future payments, the sooner you can be earning higher returns from an investment of your choice.
Woodbridge Investments doesn’t merely buy structured settlements; our experts know every situation is different, and work with you to determine which lump sum payment option is best for you. People sell annuity payments and structured settlement payments for different reasons, and our team is responsive to your individual needs. Whether you want to go back to school, buy a car, or need money to invest in your own business, selling your structured settlement can open up a world of options.
Don’t let a structured settlement keep you from pursuing your dreams! Get a free quote on your structured settlement today.
Sell Settlement or Not? 3 Questions to Consider
If you’re receiving or expect to receive a structured settlement, you’re probably asking yourself if you should sell your structured settlement. The decision to sell structured settlements or not is a highly personal one, dependent upon the specifics of your situation. There are some key questions, however, that will help you decide whether to sell settlement payments. These three questions can help you determine whether selling your structured settlement is the best decision for your financial future. While these questions will help you better understand the process, you can get personalized answers to your questions by contacting Woodbridge Investments for a free quote. (more…)
How to preserve a lump sum payment of cash
5 Tips on how to stay rich after selling your structured settlement, annuity payments or lottery winnings for lump sum payment
Selling a structured settlement, annuity payments or lottery winnings can certainly be daunting. No one knows what the next ten, twenty or thirty years may hold, thus it is a common belief that selling regular payments is like selling your safety net.
Despite this belief, receiving a lump sum of cash will not necessarily leave you high and dry, although you do need to be careful managing your newfound wealth. You might want to sell structured settlement payments, annuity payments or lottery winnings in exchange of a lump sum of cash, but this doesn’t mean you have to be scared of having your money run out before you’re ready.
How not to spend your entire lump sum of cash right away
Get an accountant
With your new lump sum of cash, you should be able to afford to hire an accountant. This is a very worthy investment to get professional advice and avoid any unnecessary fines, settle any tax issues and establish a long term plan for your money.
Pay off all of your debt before your spend that lump sum of cash
Debt is not something that you want to deal with when you are no longer receiving steady payments from your previous structured settlement, annuity payments or lottery winnings. Make this a priority so you will know exactly how much spending money you actually have.
Keep your day job, or at least get a new one
As mentioned before; you never know what could happen over the next decade or three. It should always be a goal of yours to continue increasing your net worth, or at least not letting the number slip to something negative. Keep your job to maintain an additional stream of steady income. If you just can’t stand your current job, at least use your new financial freedom to take some time off and begin a new venture making money by doing something you are passionate about.
Avoid gambling with your lump sum of cash
Hopefully the thing you are passionate about is not gambling or taking on high risk financial investments. Taking on high risk investments or gambling with the lump sum of cash you just got is a surefire way to loose the money you would have had with each new structured settlement, lottery or annuity payment. Note: Chances of receiving lottery winnings twice in life are even more slim than winning once. Protect your assets.
Invest your new lump sum of cash
Whenever you sell your structured settlement, annuity payments or lottery winnings, you usually have to sacrifice a portion of the ultimate amount in order to receive that large lump sum of cash. If you invest what you get in a smart way, you might be able to make back all of that money and then some.
If you are selling a structured settlement, annuity payments or lottery winnings, consider getting a free quote about how much you could get in a lump sum of cash by visiting our free quote page.
Don’t fall into a financial pitfall.
Financial considerations for after you sell a structured settlement, lottery winnings or annuity payments
Selling your structured settlement, lottery winnings or selling an annuity payment by no means automatically suggests that you are not financially planning for the future.
Yes, there are many pitfalls that one can fall into after selling a structured settlement, lottery winning or annuity payment, but these can easily be avoided just by keeping a few pointers in mind.
1) Sell up to the budget that’s needed
Take some time before you sell your structured settlement, lottery winnings or annuity payment to set up your own budget and identify how much lump sum money is needed. Sell only the portion of payments that’s needed to fulfill this budget. Most Structured settlement companies will allow you to sell a portion of payments and if you need more at a future date you can sell your remaining payments
2) Determine long term and short term financial goals
Just because you should budget does not mean that you shouldn’t take advantage of the large amount of money you just got by selling a structured settlement, lottery winnings or annuity payments. Go ahead and enjoy, buy a new gift for yourself. However, don’t buy a car or boat right away if that wasn’t in your budget. It is good practice to limit what you spend a large amount of money on right away so you can see what the rest of your new spending habits are like. You might realize that you just can’t help going out for a lot of fancy dinners. Take some time to slowly evaluate what you want to spend your money on.
3) Think outside the box about spending
Right now your financial responsibilities may be limited. Think also about your future. Don’t forget that down the road you may have other people in your family or close circle of friends that you might need to take care of financially. Before you start spending the money you just got, make sure you cover all your bases and try to anticipate all of the large expenses you’ll have to cover in the next five or twenty-five years.
Selling a structured settlement, lottery winnings or selling annuity payments can be a great and fiscally responsible thing to do, as long as you take all aspects of managing your finances into consideration. For a free quote on how much money for future payments you can get, visit our free quote page
Are You Thinking of Selling Structured Settlement Payments?
Do you no longer require consistent periodic payments and would rather receive a lump sum? If so, you may want to consider selling structured settlement payments.
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