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www.StructuredPayments.Org Structured Settlements Resource Center brings you the latest on all facets of structured settlement contracts, periodic payments programs.

Structured Settlement is a finance tool that is often utilized in the resolution of personal injury claims, and physical injury settlements. It provides for tax-free, periodic payments to be made over a period of time -the terms (annuity amount and frequency/duration of payments, etc.) are usually determined based on the injured party's specific needs.

In almost all cases, brokers that specialize in structured settlements (a.k.a. structured settlement annuities) facilitate the entire settlement process. Currently, an estimated $6 billion dollars of structured settlements are being sold, purchased and administered annually.

When someone cashes out, transfers, or sells a Structured Settlement or a Structured Settlement Annuity, (s)he usually receives a lump sum payment. Depending upon whether you are holding an asset that is an investment annuity or a structured settlement annuity, you may or may not be able to sell (assign, or transfer) your annuity to someone without incurring a tax liability.
Strictly speaking, these types of tax sheltered settlement annuities are not actually owned by the holders. They usually have a right to receive tax-free periodic payments against the same. Structured Settlement Annuities are usually tax free, and often do not allow the settlement agreement holders to sell it off or transfer/assign such periodic payment agreements to someone else without a prior judicial approval.

In many cases, one has to pay a sizable amount of excise tax for selling a structured settlement annuity or transferring a settlement annuity for a lump sum amount. It is important, therefore, to consult with a structured settlement specialist, a structured settlement annuity broker, a well qualified financial advisor, or an investment attorney specializing in applicable laws.

Considering the complexities involved, it is important to pay careful attention to the terms and provisions of your Structured settlement agreement. Therefore, it would probably be in your best interest to consult with a well-qualified and experienced structured settlement professional for examining the specifics of your structured settlements annuity contract, and to help you determine your best options.

Full Disclosure: We do not represent any commercial entities (such as life insurance companies, annuity products brokers, discount brokers, or factoring companies, etc.) that may have something to gain from you. We are not paddling any products or services. We are interested in providing our members/readers with completely unbiased and independent analysis of structures payments related issues. In doing so, we hope to earn your trust as a reputable informational resource that focuses only on victims' rights.

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