A structured settlement annuity (“Structured Settlement“) is designed to provide tax free payments to injured persons and/or their dependents so as to fund such things as living expenses, health care expenses, education needs and other signficant financial needs over an extended period of time.
But times change, and so do one’s needs.
You may now be in a position where you:
–no longer have the periodic expenditures you thought you may have.
–have credit card debt piling up accumulating interest charges of 25% or more annually
–may be subject to foreclosure proceedings on your home and in need to cash to protect the roof over your head
–want to fund an unexpected medical procedure or education program
–want to take advantage of low house values and buy a home for you and your family
–are concerned about the continued financial viability of the insurance company making your payments.
If you are experiencing one or more of the above concerns, then it is right for you to consider selling some or all of your structured settlement payments.
Both Federal and State laws make it possible for you to sell your Structured Settlement without paying any taxes on the proceeds. To do so you must complete a Structured Settlement transfer transaction with a company such as Genex Capital whereupon we will arrange for a mandatory court approval process at our cost and have a judge determine that the transaction is in your best interest.
Before making a final decision, you should consult reputable transfer companies and get competing price quotes. Not only is it important that you get a fair price for your Structured Settlement but you also will want to go with a company that has the strength and experience to be able to complete your transfer in a fast and efficient manner and you should not have to pay any costs associated with the transfer.
Ultimately the decision to keep or sell your structured settlement is a big step. Take your time and carefully consider your options.
We at Genex Capital would be happy to assist you and answer any questions you may have. You can call us toll free at 800-257-3110 FREE and speak to one of our Customer Service Experts.