Handing Down Assets: Structured Settlement Sales Can Help with Estate Planning

If you are receiving a structured settlement, where an awarded sum of money is delivered incrementally over a fixed period of time, it can make sense to think about “cashing out” all or part of your promised capital as part of your estate planning.

For some, a structured settlement sale can make it easier to take care of upfront expenses related to old age or end-of-life plans. Others may want to use a lump sum of cash as a one-time gift to a spouse, child, or other family member. Another way that selling a structured settlement can be helpful is in paying down some kinds of “immediate debt,” where letting debts go will lead to increasing interest and penalties. And in some cases, a structured settlement process can also help with tax liabilities.

But what makes sense for one person may not be right for another. That’s why it’s so important to work with skilled and credentialed professionals such as your attorney or tax advisor first. They can discuss with you how selling a structured settlement will impact your estate planning goals and whether it is the right move for you.

When you are ready, another professional that you’ll need for a structured settlement is a buyer. A structured settlement buyer will help you understand the costs and legal requirements for getting a lump sum advance on scheduled settlement payments. The best structured settlement buyers will guide you through the details, keeping you informed on how your sale is progressing, and all of your options, including how much of a payment you’ll need, and what kinds of settlement sales will generate lower fees and other costs.

CBC is an experienced company that has helped many families plan for the future with an optimized structured settlement or annuity payout. Working with our attentive and caring teams, you’ll get the kind of personal dedication that not all structured settlement buyers offer. We will listen to you and make the payout of a settlement lump sum fit your needs, working to get you quick and efficient resolution for this part of your estate planning process.

We know that estate planning can be a lot of work, and we’re ready to pitch in. Think about letting CBC help you to manage your assets for the future.