The Basics on a Structured Settlement
A structured settlement is a way that you can receive periodic payments for a legal settlement that you have received in installments rather than in one lump sum. You may have first heard of structured settlements from television ads encouraging you to sell them in order to cash out with a chunk of change available right away. This can seem like a convenient solution for people who need cash right away to pay off a large debt or make a down payment on a significant purchase.
One of the reasons that an injured party might prefer a structured settlement is that it is a way to shelter some of the income that you might make from investing the settlement from taxes.
Deciding Whether a Genex Capital Structured Settlement is Right for You
If you are considering your options in selling your structured settlement plan, you might want to work with a company that moves quickly in getting you your money. This is where Genex Capital receives its most favorable reviews. In general, Genex Capital is able to get cash payments to their customers in as little as four to six weeks. In addition, Genex Capital has a fairly simple application process, which means that you will not have to waste time answering countless questions or supplying too much personal information.
Genex Capital has streamlined the evaluation process so that you will receive an answer as quickly as possible about the cash value of your structured settlement and how quickly you can expect to receive your money. It is worth requesting a free quote from Genex Capital to find out how much your structured settlement could be worth as a cash payment before you sign any other company’s agreement. It is recommended that you consult with more than one company in selling your structured settlement so that you get a general idea of how valuable your structured settlement could be in the current market. You should be sure to check into any company that you sell your structured settlement to so that you are certain you are working with a legitimate operation.
It is also worth considering that you do not necessarily have to sell the entire amount of your structured settlement in order to get some cash up front. If you only need a certain amount of cash to be able to put a down payment on a house or finance a car, then you might not need to sell the entire value of your structured settlement plan at once. You should think carefully about the tax consequences of this arrangement. It may be worth consulting with an accountant before you pull the trigger on selling your structured settlement because you do not want to burden yourself with unintended tax consequences of getting some money in the short-term.