Post : What Is A Structured Sale — Wahlstrom & Associates
Title : What Is A Structured Sale — Wahlstrom & Associates
What Is A Structured Sale — Wahlstrom & Associates
What Is A Structured Sale — Wahlstrom & Associates
Congratulations, you have successfully submitted your payment particulars and Our Certified Funding Partners have started the bid Process. You will be contacted by Telephone within hours to be given your highest quote. Please stay by the phone.Basically, what you need to understand about structured settlements is that they are just financial agreements wherein compensation from insurance settlements will be paid using an annuity. This can be in the form of regularly scheduled payment installment over a period of time instead of being paid bulk payout. A lot of people decide to sell the annuity payments from this kind of structure because they want to be free of the restriction of waiting for the disbursement.
This is a very new field and the level of professional competence is quite low across the life insurance and tax planning community. Very few annuity brokers have the necessary depth of knowledge in tax planning, business planning and estate planning to work with high level advisors on these sales, so be careful who you deal with. That said, the actual process of the sale and quotation process is quite simple compared to more complex transactions such at private annuities and 1031 real property exchanges.
To circumvent the restrictions on assignment of payment rights, factoring companies arranged for payees to redirect their payments to factoring company addresses. The factoring companies would then collect the payments (endorsing checks in the payee's names, using powers of attorney and signature stamps) without informing insurers that payment rights had been assigned.
If you have already received a lump sum and are looking for tax-free options to earn money on it, it would be wise to consult with a financial advisor or accountant. There are instruments called settlement trusts which can be either taxed or tax-free and which make periodic payments to the grantor (owner of the trust). Your attorney should be able to recommend someone to assist you with your needs.
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