Sell My Structured Settlement
Generate Cash By Selling A Structured Settlement
A structured settlement buyout can convert your periodic payments into a large lump sum of immediate cash.
Can I Get Cash For My Structured Settlement?
Selling structured settlement payments is a smart, financially savvy way to generate cash by leveraging an asset you already own instead of creating new debt by borrowing money from a bank.
Selling Settlement Payments Is Fast & Easy
Structured settlement annuities are long-term financial instruments that result from personal injury lawsuits, catastrophic injury lawsuits, workers compensation settlements, and wrongful death lawsuits.
Structured settlements are created with the intention of providing ongoing financial support over extended periods of time.
And the periodic payments they provide can go either to injury victims themselves or to the children and families they’ve left behind.
As children grow into adulthood and people’s careers flourish, however, their financial circumstances evolve.
When they do, the “value” of small, periodic structured settlement payments can diminish or even become obsolete.
Why Sell My Structured Settlement Payments?
Every so often, great opportunities come along. They could be financial, educational, business, job, family, or investment-related.
Maybe it’s getting out of debt, helping your family get ahead, starting a business, going back to college, or any of a million other things.
The problem is that not everyone has the wherewithal to seize those great opportunities when they present themselves.
If you’re receiving periodic payments from a structured settlement though, you just might be. And if you’ve got an opportunity to do something great, and a lack of money is your problem, you might not have a problem anymore.
Selling some of your structured settlement payments for a lump sum of cash might be an option worth considering.
People who are currently receiving payments from a structured settlement annuity have the ability to harness the consolidated purchasing power of months, years, or even decades of periodic structured settlement payments into a single lump sum of cash.
That can be an extraordinarily powerful tool for capitalizing on a great opportunity.
Not only that, but you have tremendous flexibility when it comes to selling your settlement payments. You can sell some of them, all of them, or virtually any fraction or combination of any number of payments.
If you still need the income, you can even sell just a fraction of each payment or just some of your lump-sum payments, while continuing to receive the rest.
Call (877) 932-2628 now for your free, top-dollar structured settlement buyout quote!
Get an Inheritance Loan Now
Need cash fast? Inheritance loans provide same-day access to your money! Why wait?
✔️ Are you currently the legal recipient of structured settlement payments?
✔️ Do you have an opportunity (or emergency) that requires a large chunk of cash but you can’t or don’t want to create new debt by getting a loan?
✔️ Do you need this money in the next 45 to 90 days?
If you answered yes to all three questions, you already pre-qualify for a structured settlement loan. If you apply now, you could be using and enjoying your money in the next 45-90 days.
Call and speak with one of our funding experts today.
Is It Time For A Structured Settlement Buyout?
Structured settlements are started with the best of intentions. But as the years pass, many people’s needs tend to change. Emergencies and opportunities can emerge, and when that happens, selling some structured settlement payments for cash – either a full sale or partial sale – can be a great option.
Sell My Structured Settlement FAQ
A: Yes you can. For your safety and protection, however, the sale must be reviewed and approved by a judge who will then issue a court order to assign the payments. Depending on the court’s docket, it can take from 45 to 90 days to obtain the court order.
A: That depends on a couple of factors that are different for every single seller.
✳️ How much money do you need to raise?
✳️ How many payments do you want to sell?
✳️ When are those payments due to be paid?
✳️ What is the present value of each of those payments?
These are run thru a calculation using a concept called the time value of money. The time value of money is also referred to as present discounted value.
A: Time value of money is the concept that a sum of money today is worth more than the same sum of money will be worth at any given point in the future. And the farther in the future the promise of payment is, the less its current value becomes.
In other words, $10,000 is worth more today than the promise of $10,000 that you have to wait five years to receive.
Or ten years.
Or thirty years.
How Selling Structured Settlement Payments Works
TriMark is a nationwide annuity buyer that specializes in getting annuitants top dollar when it’s time to sell structured settlement payments for a lump sum of cash. TriMark has streamlined selling structured settlement payments into a simple 3-step process:
2. Review & Approval
Our team will retrieve, review, and process documents. A court date is set and after a judge reviews the details, a court order is issued and the purchase is finalized.
3. Receive Your Cash
After final documents are signed and returned, your money is wired directly into your bank account or a check is sent to you via FedEx Overnight.
IS IT SMART TO SELL MY STRUCTURED SETTLEMENT?
Selling structured settlement payments is a financially-savvy way to generate cash by leveraging an asset you own instead of creating debt by taking out a loan.
OPTIONS TO BUY MY STRUCTURED SETTLEMENT?
You have a lot of flexibility when selling structured settlement payments. You can sell some of them, all of them, or any portion of some or all of them.
IS SELLING MY STRUCTURED SETTLEMENT SAFE?
Absolutely. In fact, one reason a court order is required with structured settlements for sale is to ensure the sale is legitimate AND in your best interest.
Reasons To Sell Your Structured Settlement
When your structured settlement annuity was originally created, it was done with some very specific goals in mind. Chief among them was financially protecting you.
- Perhaps it was intended to replace a primary breadwinner’s income until you grew into adulthood.
- Maybe it was set up primarily for tax benefits
- Or maybe it was there to pay for college and other major life expenses.
- Maybe it was intended to prevent you, in your youth, from making impulsive buying decisions with so much money until you were older and wiser.
- Perhaps it was established to support a mentally or physically incapacitated person and prevent that person from being swindled
- Or maybe it was just supposed to be around long enough to provide a steady monthly income until you were able to support yourself.
- Maybe you were a minor. Structured settlement annuities are a great solution for any minor’s settlements.
- Or any of a million other goals.
That Was Then, This Is Now
Whatever those original goals were, if you’re here exploring your options, it’s a good bet those goals have already been achieved.
If they have, repurposing some or all of your remaining payments could be one of the smartest and most prudent things you could do.
Everyone’s life situation is different. So are everyone’s structured settlements. Settlement annuities can be set up to disburse regular payments on a monthly, quarterly, bi-annual, or annual basis.
Some might be set to only disburse periodic lump-sum payments every year, every five years, etc.
Many combine both regular disbursements and periodic lump sums that get incrementally larger over the term of the annuity.
Some may only cover a certain time period; say ten, twenty, or thirty years while others continue paying out for the entire lifetime of the recipient.
How To Sell Your Structured Settlement Payments
First things first. You need to have a good reason for selling your structured settlement payments. If you don’t, or if it’s frivolous, or it’s “just because”, it is doubtful the judge, who has to issue the court order, will agree that it’s in your best interest or approve it.
You also need to have a clear plan for exactly how you’re going to use the money for your betterment when you get it.
The Court Order: It’s For Your Protection
Due to rampant abuses and fraud of vulnerable annuitants in the past, state and federal law now requires that any annuitant wishing to accelerate or liquidate structured settlement payments have a consultation with an attorney who will clearly explain all of the potential pros, cons, and consequences of the sale.
In addition, a judge must review the deal and issue a court order approving any proposed sale of your structured settlement or the transaction cannot be completed.
Both are mandatory under the law and there are no exceptions.
It’s not that you have to ask permission to sell, but you kind of have to get permission to sell, if that makes sense. It all ties in with that “financially protecting you” thing we talked about earlier.
What does that mean for you?
It means the proposed sale of your settlement payments has to pass “the smell test” for both the judge and the attorney consulting with the annuitant.
The attorney’s job is to make sure the annuitant clearly understands what they’ll be getting and what they’ll be giving up.
The judge is there to make sure the best interests of the annuitant are protected.
This means that any proposed sale MUST:
- Be for legitimate expenditures or investments that support and promote the betterment, progression, and best interests of the annuitant at this stage of their life
- Not be for illegal, immoral, frivolous, questionable, or overly-speculative purposes
- Include discounts, rates, costs, and fees that are not uncustomary, unusually expensive, or predatory in nature
How Can Structured Settlement Payments Be Sold?
Flexibility is the name of the game when it comes to selling your structured settlement for cash.
Every person who receives structured settlement payments has a different situation.
- Their payments are all structured differently
- They all receive different amounts at different intervals
- They get different lump-sum disbursements at different intervals and some don’t get lump-sum disbursements at all
- All of them have different numbers and amounts of payments remaining
Last but not least, they all have different goals they are trying to achieve.
We have 2 basic options to customize the purchase of your structured settlement:
1. Full purchase of any, any combination, or all remaining monthly payments and lump-sum disbursements
2. Partial or fractional purchase of any, any combination, or all remaining monthly payments and lump-sum disbursements
With clearly established goals and a combination of the two options, the possibilities are virtually limitless.
Here are a couple of examples just to give you an idea of the extreme flexibility that is available to suit your needs.
Situation: Let’s say you want to raise money to return to college for your Master’s degree. Simultaneously, you’d like to continue growing a modestly successful home-based business that you started a year ago because you intend to operate it full-time after you graduate.
You want to retain your full income in the beginning while you’re in school, and provide some income stability for the first few years in business. But after you graduate and your business takes off, you anticipate needing less and less monthly annuity income. Last but not least, you’d like to establish a “Plan B” for your retirement, just in case the business doesn’t work out.
Structured Settlement: You are due to receive $2,500 each month for the next 10 years (120 months). You also will receive guaranteed incremental lump sums as follows: 5 years=$50,000, 10 years=$75,000, 15 years=$100,000, and 20 years=$150,000
One Option: You could sell $500 each month for months 36-60, $1,000 each month for months 61-84, and $1,500 each month for months 85-120. In addition, you could sell either the entire $50,000 5-year and $75,000 10-year lumps, OR keep the 5-year lump and sell the entire $75,000 10-year lump and $50,000 of the 15-year lump.
- The result is that you would receive your full $2,500 each month for the first 3 years while you’re attending college. It would reduce to $2,000 each month for years 4 and 5, reduce again to $1,500 each month for years 6 and 7, and reduce again to $1,000 each month for years 8, 9, and 10. In addition, depending on the lump sum option you choose, you will receive $50,000 in 5 years, $50,000 in 15 years, and $150,000 in 20 years OR $100,000 in 15 years and $150,000 in 20 years. Either way, you will receive $250,000 that you can earmark for your retirement savings.
Another Option: You could sell $2,000 each month for years 5 thru 7 and sell the entire 5-year and 10-year lump sums.
- The result is that you would continue to receive $2,500 each month for the next 4 years (2 years after you finish college to stabilize income during the business growth). Then it reduces to $500 each month for 3 years, and then increases back to $2,500 each month for years 8, 9, and 10. You would also receive $100,000 in 15 years and $150,000 in 20 years.
Keep In Mind: By focusing more on the nearer payments, you retain the value in the later payments. Depending on your circumstances later in life, you can either sell more payments later when they will be worth more, or you can simply wait and collect their full value when they become due.
A Word About Discounts
The sooner, the smaller; the later, the greater.
As in, the sooner the payment is due, the smaller the discount will be and the later the date, the greater the discount.
Begin With The End In Mind
Having a clear idea of how much money you need before you start talking to settlement buyers is critical.
Without a clear goal, many buyers will try to dazzle you with the “more is better” mentality. We talk to annuitants all the time who have fallen for this tactic.
It’s a mistake to just sit down and start calling structured settlement buyers and asking for their “best offer”. The reason? What’s best for them isn’t necessarily what’s best for you.
Many settlement buyers will push for a full purchase, or just throw out some random purchase figures that work for them and then expect you to choose one. Whatever they offer you, you can bet that it will include most or all of your most distant payments.
But understand this.
The more of your settlement they can buy, especially the payments that are the farthest into the future, the steeper the discount they will charge.
Time Value of Money
Those terms are the clinical way of saying that money today is worth more than that same money in 1, 5, 10, 20, or 30+ years from now.
Think $100 is worth $100 whenever? Think again. Time has a decaying effect on the value of money, and the longer you have to wait for it, the less it is worth in today’s dollars.
This means that to sell money that is due to you at some future point, it will need to be discounted, or reduced in price value.
The discount is determined by a number of things; the most important of which is how far into the future a given payment will be paid. The farther the due date is from today, the greater the discount will be.
We Help You Do More By Buying Less
It’s best if you have a clear vision and are able to clearly articulate the goal(s) you are trying to achieve. You should also have a good idea of how much money you will need to achieve them.
If you do, we will have no problem crafting a customized purchase offer that will help you achieve your goals. And it will be structured so that we buy the fewest number of payments necessary and you retain as much of the future value of your settlement as possible.
This can also help the judge to see your vision, appreciate your due diligence, and agree that you have a buyer committed to helping you preserve your future settlement payments. These things can make the judge feel better about approving the court order to sell your structured settlement payments.
Periodic Payments vs Lump Sum
TriMark Legal Funding will never encourage anyone to sell their structured settlement payments for frivolous purposes.
The reality, however, is that not everyone is best served by receiving a small monthly payment spread out over 30 or 40 years. Sometimes a large chunk of cash is the best way to achieve a goal.
There are many reasons why it could make good financial sense to sell some or all of your structured settlement payments.
- Buying a home while real estate prices are still at historic lows
- Renovate your home without taking out a 2nd mortgage or home equity loan
- Make home or vehicle modifications to accommodate disabilities
- Pay for your children’s college without going into everlasting debt
- Pay for major life events such as weddings, bar mitzvahs, etc.
- Send you or your spouse to college, or back to college, without incurring debt
- Offset a job loss or continued unemployment caused by COVID-19 or other illness
- Pay off mortgage to avoid paying hundreds of thousands of dollars in interest
- Start your dream business or build your dream home
- Get your financial house in order in response to a terminal illness
- Liquidate debt to streamline the family budget
- Enter retirement or your “golden years” debt-free
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Get A Quote To Sell Structured Settlement Payments Now
Ready to use your structured settlement payments to launch the next chapter of your life?
TriMark has helped thousands of annuitants leverage their settlements and we’re excited to help you too.
It’s free to apply online and only takes about 30 seconds.
Or if you prefer, give us a call at (877) 932-2628, and a friendly member of our team will be happy to help you right over the phone.
What could you change if you had your structured settlement money right now?