How We Do It
Give us a call and we will explain how the process works, answer any questions you might have and will guide you through the process.
Once we gather all the information necessary and will send your contract electronically to you via text, email or even send a mobile notary to you.
Once we have you paperwork back we can finalize everything, make sure everything is in order and get you your cash.
A structured settlement is a financial arrangement where a defendant in a legal case agrees to pay a plaintiff a certain amount of money over a period of time, rather than in a lump sum. The payments are usually made through an annuity, which is a type of insurance product that pays out a fixed amount of money at regular intervals. If the recipient of a structured settlement decides that they want to transfer the rights to their future payments to someone else, they can do so through a process called a structured settlement transfer.
Below is a little detail on how the process works.
1. Get a quote: Once you've identified a potential buyer, you'll need to provide them with information about your structured settlement, such as the amount and frequency of the payments. The buyer will then give you a quote for how much they're willing to pay for your future payments.
2. Review the terms: If you decide to proceed with the transfer, you'll need to review the terms of the agreement carefully. Make sure you understand the fees involved and the impact the transfer will have on your future payments.
3. Obtain court approval: In most cases, a structured settlement transfer will require court approval. This is to ensure that the transfer is in your best interest and that you understand the implications of selling your future payments. You'll need to file a petition with the court and attend a hearing.
4. Receive payment: Once the court approves the transfer, the buyer will pay you the agreed-upon amount for your future payments. This payment will usually be made in a lump sum.