3. Structured
Settlement
Questions
So here are some of the
more frequently asked
questions, other than the
most important, which
is:
“How or when do I get
my structured
settlement money?”
http://structuredsettlementmoney.org
4. What is the definition of a
structured settlement?
A structured
Periodic Payments
settlement pays the
person who has
won the settlement
over a period of
time, instead of just
paying all at once.
http://structuredsettlementmoney.org
5. What is the definition of a
structured settlement?
These payments are
sometimes called “periodic
payments.” Often it will be
created through the
purchase of one or more
annuities, which guarantee
the future payments. So,
normally you will need to
investigate, not only
structured settlements, but
annuities as well.
http://structuredsettlementmoney.org
6. Am I able to put down
structured settlements
as collateral for a
loan?
Usually, it can’t be listed
as collateral, but one way
that it does help is that
you can list it as a form
of income. This can be
very helpful if you are
making a big purchase,
like a house.
http://structuredsettlementmoney.org
7. Will I receive interest
on money I get from a
structured settlement?
No. The interest is
included and, is therefore,
tax-free.
The only way to get
additional interest, is to
invest your payments.
Of course, that money
would be taxable, just like
any other investment.
8. Will I receive interest
on money I get from a
structured settlement?
Make sure you ask
questions if there is
something that you
don’t understand.
Be sure that you
understand everything
and that everything is
clear to both you and to
your attorney.
http://structuredsettlementmoney.org
9. Will I receive interest
on money I get from a
structured settlement?
Once the papers are signed,
it’s non negotiable and you
have to be happy with what
you have been given, so it’s
a good idea to be clear on all
the details.
Ask all of the questions that
you want to know, and get
all of the facts.
http://structuredsettlementmoney.org
10. There are ways to “cash” out your
settlement and get your structured
settlement money, which we’ll
discuss in a later video.
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