www.strageticsettlements.com
Experiencing a personal injury is just the tip of the iceberg. There?s a lot more to consider.
Seeking damages in a personal injury trial can be stressful and drawn out. If you?ve been hurt, it literally can be insult to injury to pursue the legal aspect of the case and yet the process may simply not be optional. Most of us haven?t been through it before and without someone to guide you, there are actually several areas along the way where you can make critical mistakes. Do you have an attorney? Are they any good? How would you know? And then after you ?win?, how much will be left after attorney?s fees and taxes? Do you really want it all at once in a lump sum? It can be nice to imagine getting a large amount of money at one time, especially if you?ve been struggling, out of work due to an injury, and want an end to all that pain.
This is exactly the point when people are the least objective about their situation. Talking to a structured settlement consultant as early in the process as possible can help you ?see the forest for the trees?. In other words, they can help with everything from a knowledgeable attorney referral to how your settlement should be structured or placed in a trust. Finding a consultant that has a background in financial planning is even better, as the expertise and wisdom broadens into very relevant considerations you will now need to make.
What is a structured settlement?
Just like the name suggests, a structured settlement allows for periodic payments rather than a single lump sum. It allows the settlement to be tax exempt, including taxation on growth. They are especially beneficial in the event that you will have any kind of reoccurring expense, such as a surgical procedure that?s scheduled every few years, equipment that must be replaced throughout your lifetime, or college tuition. It helps tailor large awards towards your specific needs.
Do you have to structure your entire settlement?
No. It?s actually very rare to structure a settlement 100%. In most cases, a portion of the cash is paid up front and the rest is structured for future financial planning. This is ideal for someone who may need to replace a damaged car, wants to move into a different home, or address anything else that is immediate, while still taking care to protect future needs.
Do I have to structure my settlement at all?
No, you don?t. Choosing a structured settlement annuity is a choice, not an obligation or requirement for a personal injury settlement. Even if you hear advertisements claiming otherwise, a settlement consultant should confirm for you that it is not mandatory.
When is the best time to see a structured settlement consultant?
The sooner into your court process that you get quality, unbiased advice, the better it will be for making sound financial decisions with your settlement. If you are already seeking damages for a personal injury settlement in the court system, you need an expert to help determine the best scenario for your needs today as well as your future.
To get more information on the decisions you?ll face during and after a personal injury trial, contact Structured Settlement Consultant Tay Robinson,wtr@strategicsettlements.com, www.strategicsettlements.com , 859-578-9691.
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