Three Situations That May Require Structured Settlement Payments

Posted by rightway Funding on July 17th, 2019

As Rightway Funding Reviews would tell you, there's a lot of positive things to be said about structured settlement payments. This is a negotiated insurance or financial agreement in which the sum of a settlement is paid in payments set on an agreed schedule. Having the option to structured settlement payments can benefit both parties, and it can make for a more positive outcome overall. Plus, there's always the opportunity to sell a structured settlement for cash if you run into financial difficulties. Here are three situations that may benefit from structured settlement payments. 

Lawsuits 

Structured settlement payments came about in the 1970's in the United States as an alternative to the more traditional lump sum payment setup. The Internal Revenue Service also issued several rulings that made structured settlement payments seem more attractive. Perhaps one of the biggest examples of structured settlement payments, and the most common case of such payments, are lawsuits and legal settlements. If you've taken a legal matter to court and you're receiving money as a result, you can probably expect structured settlement payments that both parties agree to. 

Real Estate

The settlement on a piece of real estate may also be structured, depending on the particular situation. Selling a property you inherited or a big investment may result in some much-needed cash over a designated period of time with structured settlement payments. If you have a structured settlement setup in place, but you find yourself in dire financial straits and you need money fast, you can turn to a reputable funding provider that will purchase your payments for a reasonable price. Keep in mind that you can also have the flexibility to sell some of your real estate settlement payments and retain the others for the future. Just having those options can give you some much-needed breathing room, no matter what may happen financially in the years to come. 

Business Settlements

There's a lot of different transactions and settlements going on in the business world as well. Whether it's the acquisition of other businesses or the sale of certain business property, business settlements are something you'll see quite often. If you're involved in a business and you have assets in the form of structured settlement payments, you will also have some opportunities down the track for fast funding if need be. There's professional and highly-regarded funding providers who are always interested in purchasing structured settlement payments, business settlements included!