Sell Structured Settlement Annuity
People who receive structured settlement payments (for example, the payment of personal injury damages over time instead of in a lump sum at settlement) may decide at some point that they need more money in the short term than the periodic payment provides over time and therefore decide to sell structured settlement annuity payments.
Your reasons can vary but can include unforeseen medical expenses for oneself or a dependent, the need for improved housing or transportation, education expenses and the like. To meet this need, the structured settlement recipient can sell all or part of their future periodic payments for a present Lump Sum.
Fairfield Funding can help you with this transaction. We will walk you through the entire process to sell your structured settlement and make sure you are getting the best treatment and most money for your payments.
Fill out the contact form to the left and we will guide you through the entire process to sell structured settlement annuity payments.
Do I have to pay taxes on the structured settlement money I receive?
In most cases no, the money you receive should retain the same character as the original settlement, however we recommend that once you decide to sell structured settlement annuity payments that you consult your local tax advisor.
If you have any questions or concerns regarding structured settlements or would like to get some advice regarding selling your structured annuity, please feel free to send us a request.
Do I have to go to court for my structured settlement?
In some states yes and in others no. It just depends on the local laws governing the transfer of structured settlements. It just depends on the local laws governing the transfer of structured settlements. If you do need to appear, one of our attorneys will accompany you to the hearing and ensure that the transaction is completed smoothly.
If you have any questions or concerns regarding structured settlements or would like to get some advice regarding the process to sell your structured annuity, please feel free to send us a request.
Do I have to sell my entire structured settlement?
The flexibility of a lump sum option is what makes it great! If you sell portions of your structured settlement, you can customize a transaction so you get both a lump sum of cash and continue to have your payments coming to you.In fact, Fairfield Funding recommends that you keep as much of your payments as possible and only use the minimal amount to reach your financial need.
If you have any questions or concerns regarding structured settlements or would like to get some advice regarding selling your structured annuity, please feel free to send us a request.
How long does the structured settlement process take?
After you accept the purchase agreement the process can take anywhere from 45-60 days.
If you have any questions or concerns regarding the process to sell structured settlements or would like to get some advice regarding selling your structured annuity, please feel free to send us a request.
