LYCOS RETRIEVER 
Structured Settlements: Individuals
built 606 days ago
Structured settlements are individualized plans meant to help you cover present and future expenses. Working closely with an experienced attorney can help you to determine an effective structured settlement to give you the security of a fixed income over a set period of time.
Source:
A brief review of the dictionary reveals the following definition: a structured settlement is simply a financial package that permits a settlement to be paid in regular payment installments for either a set period of time or over a lifetime. In short, a structured settlement is a package that is tailor made for the individual or payee by the payer or an interested third-party. Some structures include immediate payment to cover any special damages that may have occurred or will occur.
Source:
Over time, a structured settlement ensures significant tax savings and maximizes the value of your proceeds. You’re free from market risk and fluctuations and from individual investment failure. And, with a lifetime guarantee feature, you’ll never outlive your payments. It is simply not possible to get the same safe return from a taxable investment, and unlike ordinary investments, no administrative fees are attached.
Source:
Some structured settlement payment recipients are targeted by certain predatory factoring companies seeking to induce them to sell their structured settlement payment rights. While there seem to be legitimate places for such transactions (for example the testimonial examples recently posted by Rhonda Bentzen on her weblog), misleading expectations created by the misleading advertising and high pressure sales tactics by some of Bentzen's competitors are encouraging a needless step to the same dark side cited in MSNBC's article. Such individuals should contact a financial professional who will take the time to help them evaluate the transaction and other alternatives that may be available.
MORE ABOUT
Individuals