Big Opportunities: Use Your Structured Settlement for Investments
A structured settlement generally benefits the holder through a steady schedule of small payments over a long period of time. But sometimes, a structured settlement holder will want more of that money quickly. The reasons for selling a structured settlement can vary quite a bit, and it’s important for the structured settlement holder, the person benefiting from the settlement, to know how to correctly handle this complex financial asset.
FUNDING AN INVESTMENT STRATEGY: GETTING A STRUCTURED SETTLEMENT LUMP SUM
If you are a structured settlement holder who needs to get money out of this asset to finance a big payment toward an investment, you’ll need to do some research to determine if your structured settlement sale is practical or not. Structured settlement sales can provide money to get into investment opportunities like the following:
- buying rental or investment properties
- making capital improvements to your home
- a college degree
- collecting dividend-paying stocks or other financial products
The disclaimer here is that the typical structured settlement sale must go before a judge, who will determine whether a particular use is a “proper” use of a sale and lump sum payout. That’s why it’s so important to figure out your chances of approval up front, before putting a lot of time and effort into a plan to sell a structured settlement.
USING A STRUCTURED SETTLEMENT BUYER
A third party structured settlement buyer firm can help with all of the paperwork and procedure for a structured settlement sale. These companies will effectively take over a structured settlement and deliver a lump sum to the settlement holder. However, structured settlement buyers are important for other reasons as well. A good firm can help you determine whether your deal is likely to go smoothly, or meet significant legal challenges. The buyer can also help out with the timeline of a structured settlement sale process to make sure that you will have your money when you need it.
Another important point is that some buyers will offer better terms for a structured settlement sale than others. Smart sellers take time to shop around and get bids from a few different firms before choosing a structured settlement buyer.
SELLING YOUR STRUCTURED SETTLEMENT WITH CBC
CBC is an experienced structured settlement buyer company. We buy structured settlements and annuities, and we have helped many clients to take advantage of these assets for a variety of different situations. We pay particular attention to your financial needs and help you every step of the way. Talk to CBC about how to get the most from your structured settlement to help fund an investment plan for a bright financial future. For legal assistance, please call 877-386-3377.