Sell Structured Settlement Payment

Sell Structured Settlement Payment

Do I have to sell all of my payments? No, you have options:

Another frequently asked question from settlement recipients is if they are considering selling their future payments are the required to sell all of their payments?

Actually, the industry is very flexible on this point providing several options. The short answer is no – you don’t have to sell all your payments to receive a lump sum.

When selling payments you will have the option to sell all your payments or sell only some of your payments and keeping the remainder. If you do the latter you will receive a lump sum now as well as the portion of the payments you did not sell in the future.

It is actually more common for individuals to sell only a portion of their payments rather than all of their payments at one time. However, this is point one should consider carefully. While most people do not sell all of their payments in a first transaction they also tend to underestimate the amount of lump sum cash they require and end up returning to sell additional payments. Of course it is easer, faster and cheaper to do one transaction rather than two so this is something to weigh and consider while talking with an advisor. Be sure to think through your true needs so that you can receive the correct amount of cash.