1/25/24

Find Top-Rated Structured Settlement Brokers for Lawyers

Find Top-Rated Structured Settlement Brokers for Lawyers

Structured settlement brokers are financial professionals who help individuals who have received a lump sum settlement from a lawsuit or other legal action convert that settlement into a series of smaller, periodic payments.

Structured settlements can provide a number of benefits, including:providing a guaranteed stream of income over a period of time, protecting the recipient from managing a large sum of money, and helping to ensure that the recipient's needs are met throughout their lifetime. Structured settlement brokers can also help individuals to invest their settlement proceeds in a way that maximizes their return and minimizes their risk.

If you have received a lump sum settlement, a structured settlement broker can help you to explore your options and make the best decision for your individual needs.

structured settlement brokers

Structured settlement brokers are financial professionals who can provide guidance and support to individuals who have received a lump sum settlement from a lawsuit or other legal action.

  • Financial expertise: Structured settlement brokers have a deep understanding of financial products and can help individuals to make informed decisions about how to invest their settlement proceeds.
  • Objectivity: Structured settlement brokers are not affiliated with any particular financial institution, so they can provide objective advice that is in the best interests of the individual.
  • Experience: Structured settlement brokers have experience working with individuals who have received lump sum settlements, and they can help to guide individuals through the process of structuring a settlement that meets their individual needs.
  • Options: Brokers can provide a variety of structured settlement options, including periodic payments, lump sum payments, and a combination of both. They can also help individuals to choose the option that is right for their individual circumstances.
  • Tax implications: Brokers are knowledgeable about the tax implications of structured settlements and can help individuals to minimize their tax liability.

Individuals who have received a lump sum settlement should consider working with a structured settlement broker to explore their options and make the best decision for their individual needs.

Financial expertise

Structured settlement brokers have a deep understanding of financial products and can help individuals to make informed decisions about how to invest their settlement proceeds. This expertise is important because it allows brokers to:

  • Identify the best investment options for each individual client. Brokers can assess each client's individual circumstances and needs, and then recommend the investment options that are most likely to meet those needs.
  • Help clients to understand the risks and rewards of different investment options. Brokers can provide clients with clear and concise explanations of the different investment options available, and help them to understand the risks and rewards associated with each option.
  • Monitor clients' investments and make adjustments as needed. Brokers can monitor clients' investments on an ongoing basis, and make adjustments as needed to ensure that the investments are still meeting the clients' needs.

The financial expertise of structured settlement brokers is a valuable asset to individuals who have received a lump sum settlement. Brokers can help these individuals to make informed investment decisions, and ensure that their settlement proceeds are used to meet their long-term financial goals.

Objectivity

The objectivity of structured settlement brokers is a key component of their value to individuals who have received a lump sum settlement. Because brokers are not affiliated with any particular financial institution, they are able to provide advice that is in the best interests of the individual, rather than the interests of a particular institution. This is important because it ensures that the individual is getting the best possible advice on how to invest their settlement proceeds.

For example, a structured settlement broker may recommend that an individual invest their settlement proceeds in a diversified portfolio of stocks and bonds. This type of investment strategy may not be recommended by a broker who is affiliated with a particular financial institution, because the institution may not offer such a product. However, the structured settlement broker is able to recommend this type of investment strategy because it is in the best interests of the individual.

The objectivity of structured settlement brokers is essential to ensuring that individuals who have received a lump sum settlement receive the best possible advice on how to invest their proceeds. Brokers are able to provide objective advice because they are not affiliated with any particular financial institution, and they are committed to putting the interests of their clients first.

Experience

Structured settlement brokers have a wealth of experience working with individuals who have received lump sum settlements. This experience is invaluable, as it allows brokers to provide guidance and support to individuals throughout the process of structuring a settlement that meets their individual needs.

There are many benefits to working with an experienced structured settlement broker. First, brokers can help individuals to understand the different types of structured settlements available and the pros and cons of each type. Second, brokers can help individuals to negotiate with insurance companies and other parties involved in the settlement process. Third, brokers can help individuals to invest their settlement proceeds in a way that meets their individual financial goals.

Individuals who have received a lump sum settlement should consider working with an experienced structured settlement broker to explore their options and make the best decision for their individual needs.

Here are some real-life examples of how structured settlement brokers have helped individuals who have received lump sum settlements:

  • A woman who received a lump sum settlement from a medical malpractice lawsuit was able to use the proceeds to purchase a home and invest in her children's education. The broker helped her to structure a settlement that provided her with a guaranteed stream of income for the rest of her life.
  • A man who received a lump sum settlement from a car accident was able to use the proceeds to pay off his debts and start a new business. The broker helped him to structure a settlement that provided him with a lump sum payment and a series of smaller, periodic payments.
  • A couple who received a lump sum settlement from a wrongful death lawsuit was able to use the proceeds to provide for their children's future. The broker helped them to structure a settlement that provided the children with a guaranteed stream of income until they reached the age of 18.

These are just a few examples of how structured settlement brokers can help individuals who have received lump sum settlements. If you have received a lump sum settlement, a structured settlement broker can help you to explore your options and make the best decision for your individual needs.

Options

Structured settlement brokers provide a range of options to individuals who have received a lump sum settlement. These options include periodic payments, lump sum payments, and a combination of both. Brokers can help individuals to choose the option that is right for their individual circumstances, taking into account their financial needs, goals, and risk tolerance.

For example, an individual who is nearing retirement may choose to receive periodic payments to supplement their retirement income. An individual who has a large amount of debt may choose to receive a lump sum payment to pay off their debts. An individual who is comfortable with risk may choose to invest their settlement proceeds in a combination of periodic payments and lump sum payments.

The flexibility of structured settlements is one of the key benefits of working with a structured settlement broker. Brokers can help individuals to create a settlement that meets their specific needs and goals.

Tax implications

Structured settlements are generally taxed favorably by the Internal Revenue Service (IRS). However, there are some important tax implications that individuals should be aware of before entering into a structured settlement agreement. Brokers are knowledgeable about the tax implications of structured settlements and can help individuals to minimize their tax liability.

  • Income tax: Periodic payments from a structured settlement are generally taxed as ordinary income. However, there are some exceptions to this rule. For example, payments for pain and suffering are not taxable. Brokers can help individuals to determine how their structured settlement payments will be taxed.
  • Capital gains tax: Lump sum payments from a structured settlement are generally taxed as capital gains. However, there are some exceptions to this rule. For example, if the lump sum payment is used to purchase an annuity, the gain may be deferred. Brokers can help individuals to determine how their lump sum payment will be taxed.
  • Estate tax: Structured settlement payments are generally not subject to estate tax. However, there are some exceptions to this rule. For example, if the structured settlement is funded with life insurance, the payments may be subject to estate tax. Brokers can help individuals to determine if their structured settlement payments will be subject to estate tax.
  • Gift tax: Structured settlement payments are generally not subject to gift tax. However, there are some exceptions to this rule. For example, if the structured settlement is funded with a gift, the payments may be subject to gift tax. Brokers can help individuals to determine if their structured settlement payments will be subject to gift tax.

Individuals who are considering a structured settlement should consult with a broker to discuss the tax implications of the settlement. Brokers can help individuals to understand how their settlement payments will be taxed and can help them to minimize their tax liability.

Structured Settlement FAQs

Structured settlements are a popular way for individuals who have received a lump sum settlement from a lawsuit or other legal action to convert that settlement into a series of smaller, periodic payments. Structured settlements can provide a number of benefits, including providing a guaranteed stream of income over a period of time, protecting the recipient from managing a large sum of money, and helping to ensure that the recipient's needs are met throughout their lifetime.

Here are some of the most frequently asked questions about structured settlements:

Question 1: What are the benefits of a structured settlement?

Structured settlements offer a number of benefits, including:

  • Guaranteed income stream
  • Protection from managing a large sum of money
  • Tax advantages
  • Peace of mind
Question 2: How do I know if a structured settlement is right for me?

Structured settlements are not right for everyone. Some factors to consider include your age, health, financial situation, and investment goals. A structured settlement broker can help you assess your individual needs and determine if a structured settlement is right for you.

Question 3: How much will I receive in a structured settlement?

The amount you will receive in a structured settlement depends on a number of factors, including the size of your lump sum settlement, your age, and your health. A structured settlement broker can help you calculate how much you will receive in a structured settlement.

Question 4: How do I get a structured settlement?

To get a structured settlement, you will need to work with a structured settlement broker. A broker can help you compare different structured settlement options and choose the option that is right for you.

Question 5: What are the tax implications of a structured settlement?

Structured settlements are generally taxed favorably by the IRS. However, there are some tax implications that you should be aware of before entering into a structured settlement agreement. A structured settlement broker can help you understand the tax implications of a structured settlement.

Question 6: What happens if I need to change my structured settlement?

Structured settlements are generally not flexible. However, there are some limited circumstances in which you may be able to change your structured settlement. A structured settlement broker can help you explore your options.

If you have any questions about structured settlements, it is important to speak with a qualified structured settlement broker. A broker can help you understand your options and make the best decision for your individual needs.

To learn more about structured settlements, please visit our website or give us a call today.

Tips from Structured Settlement Brokers

Structured settlements can be a valuable tool for individuals who have received a lump sum settlement from a lawsuit or other legal action. However, it is important to understand the different types of structured settlements available and the pros and cons of each type before entering into an agreement.

Here are five tips from structured settlement brokers to help you make the best decision for your individual needs:

Tip 1: Consider your financial needs and goals.

Structured settlements can be used to provide a guaranteed stream of income for a period of time, protect the recipient from managing a large sum of money, and help to ensure that the recipient's needs are met throughout their lifetime. When considering a structured settlement, it is important to think about your long-term financial needs and goals.

Tip 2: Get advice from a qualified structured settlement broker.

Structured settlement brokers can provide you with objective advice about the different types of structured settlements available and the pros and cons of each type. Brokers can also help you to negotiate with insurance companies and other parties involved in the settlement process.

Tip 3: Understand the tax implications of a structured settlement.

Structured settlements are generally taxed favorably by the IRS. However, there are some tax implications that you should be aware of before entering into a structured settlement agreement. A structured settlement broker can help you to understand the tax implications of a structured settlement.

Tip 4: Consider the flexibility of a structured settlement.

Structured settlements are generally not flexible. However, there are some limited circumstances in which you may be able to change your structured settlement. A structured settlement broker can help you to explore your options.

Tip 5: Get everything in writing.

Once you have agreed to a structured settlement, it is important to get everything in writing. This will help to protect your rights and ensure that the settlement is carried out according to your wishes.

By following these tips, you can increase your chances of getting the most out of your structured settlement.

To learn more about structured settlements, please visit our website or give us a call today.

Conclusion

Structured settlement brokers play a vital role in helping individuals who have received a lump sum settlement from a lawsuit or other legal action to convert that settlement into a series of smaller, periodic payments. Structured settlements can provide a number of benefits, including providing a guaranteed stream of income over a period of time, protecting the recipient from managing a large sum of money, and helping to ensure that the recipient's needs are met throughout their lifetime.

If you have received a lump sum settlement, it is important to speak with a qualified structured settlement broker to discuss your options. A broker can help you to understand the different types of structured settlements available and the pros and cons of each type. A broker can also help you to negotiate with insurance companies and other parties involved in the settlement process.

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