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Selling Your Structured Settlements

A settlement from a lawsuit is instrumental in helping to pay medical bills, make life changes, and having the ability to live your life the way you want to. Unfortunately, many of these lawsuits result in structured settlements, which means a small amount of the total settlement is paid out each month, quarter, year or longer over a set amount of time. This timeframe can be years, which means the periodic structured settlement or annuity payments are less than the amount of cash needed to cover expenses as they arise.

In these situations, you can choose the option to “sell my structured settlement” to We Pay More Funding. We work closely with our clients and pay cash for your structured settlement or annuity. Our team of experts is committed to providing you with the most money possible for annuities and structured settlements. We make it simple to sell your structured settlement payments for the cash you need right now.

There are several factors to consider when selling your structured settlement or annuity. Our team at We Pay More Funding offers years of experience to help you with selling your structured settlement payments. This expertise ensures you have complete peace of mind throughout the process. Look for companies with a proven record of paying the most cash, working closely with their customers, and providing rapid pay out once the judge provides approval to sell your structured settlement payments.

How do I sell structured settlement payments?

There is a process to go through when selling a structured settlement or annuity. First, you must obtain a quote, receive a disclosure statement, and then sign a contract. These docs can be reviewed by an attorney or financial advisor of your choice before they are filed with the court by We Pay More Funding for the judge’s approval.

What do you do when you have a structured settlement and need cash?

A structured settlement can sold in order to change the payout from smaller payments over a long period of time to a lump sum payment for a partial or full settlement pay out. The process requires a judge’s approval and typically takes one to two months to complete.

Should I sell my structured settlement?

There are considerations to make before deciding to sell your structured settlement or annuity. Our team will help you navigate the process with full transparency, answering any questions you may have. As always, we suggest you also consult with your attorney or financial advisor.

What is a structured settlement worth?

This depends on the amount of your future payments and when they become due. Structured settlement payments are carefully regulated by both state and federal laws to protect the consumer. A quote from a company that buys structured settlements allows you to determine the value.

Should I take a lump sum or a structured settlement?

It is important to approach this from a personal financial perspective. There are possible long and short-term factors to consider based on your income and your age.

What are the pros and cons of selling your structured settlement?

Selling a structured settlement provides immediate cash that can be used to pay off medical debt, make investments, purchase a home, or be used towards any other type of investment or purchase. Choosing to leave the structured settlement in place provides payment amounts that will be paid out in the future in accordance with your annuity contract.

How to Sell Structured Settlements in 5 Simple Steps

As a full-service structured settlement company, We Pay More Funding has created this comprehensive guide on how to sell structured settlements.

Step 1: Decide to Sell Your Structured Settlement

A structured settlement can provide you with financial assistance throughout the length of the pay-out period, however circumstances may arise in which accessing a larger lump sum of your structured settlement immediately would be beneficial. With court approval you are able to sell all or part of your structured settlement in order to access the value so you can overcome a hardship, such as paying medical debt or invest in something like a home or business. Making the decision to sell your structured settlement is the first step of the process.

Step 2: Find a Structured Settlement Company

There are structured settlement companies that can help you sell your structured settlement. At We Pay More Funding we have helped countless clients access the value of their annuity. It is crucial that you assess each company to determine which has received the best reviews by previous customers, as well as their level of expertise in reducing the stress throughout the process. They will provide you with a quote to determine exactly how much you can receive from selling your structured settlement.

Step 3: Start the Process of Selling Your Structured Settlement

Once you are ready to sell your structured settlement, the team at We Pay More Funding will help you through the process from start to finish. We will provide you with a comprehensive, no-obligation quote that outlines the process, expectations, and more, and then we will help you complete the paperwork to get the process started. We will also assist with the court approval process to ensure you are completely comfortable with no surprises.

Step 4: Apply for the Sale of Your Structured Settlement

The sale of your structured settlement needs to be filed with the court. The process can take up to six weeks. During this time, the court will review the application and documents, then provide you with a date for a hearing. Here, the judge will decide whether the sale of your settlement is in your best interests. We Pay More Funding has a high rate of approval for the sale of structured settlements.

Step 5: Receive the Value of Your Structured Settlement

Once the judge has reviewed and approved the sale of your structured settlement and signed a court order then, you will receive the agreed upon sale value of your structured settlement from We Pay More Funding within just a few business days. We offer a range of payment types for your convenience so you can start the next chapter of your life with the finances you need.

Frequently Asked Questions

Do I need a lawyer to sell my structured settlement?

In several states the statute requires you to obtain independent professional advice from an attorney, certified public accountant, actuary, or other licensed professional adviser who can advise you regarding the transfer of your structured settlement payment rights. In other states where you are not required to hire an attorney is still recommended. Hiring an attorney to represent you can be helpful to ensure that you understand your rights and obligations through the sales process.

What requirements must be met to complete a structured settlement sale?

You must be of legal age and also have sound mind and judgement. If you are in a circumstance where a guardian is involved, they must fit the same criteria. You also need to be able to provide evidence of the benefit, proof of your identity, and gain approval from the court to sell your settlement.

What documents are needed to sell my structured settlement payments?

You will need documents such as a settlement agreement and release document, an annuity contract and benefits letter provided by your insurance company, proof that you are receiving payments from the settlement, and other documents, depending on the situation.

Do I need to present my case to the court to sell my structured settlement?

Yes. The process of selling a structured settlement can take some time, and that is largely because you need to abide by the court process. A judge needs to sign off on the sale in order to ensure you are protected.

Will a judge have to approve the sale of my structured settlement

Yes, a judge needs to approve the sale of your structured settlement. The judge will weigh the reasons you want to sell and determine whether the sale is in your best interests.

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