FAQ About Structured Settlements

When you learn that you are going to receive a
structured settlement, a lot of times you have
questions about what a structured settlement is. So
here are some of the more frequently asked questions
about structured settlements.

1. Am I able to put down structured settlements as
collateral for a loan?

Usually, it can’t be listed as collateral, but one way
that it does help is that you can list it as a form of
income. This can be very helpful if you are making a
big purchase, like a house.

2. What is the definition of a structured settlement?

A structured settlement pays the person who has won
the settlement over a period of time, instead of just
paying all at once.

3. Will I receive interest on money I get from a
structured settlement?

The interest that you get from a structured settlement
includes any interest that you would get from it, and
that is tax-free. You will not receive interest from
it.

If you are going to get a structured settlement, don’t
be afraid to ask questions if there is something that
you don’t understand. Make certain that you are
satisfied that you understand everything and that
everything is clear to you and to your attorney.

Once the papers are signed, it’s non negotiable and
you have to be happy with what you have been given, so
it’s a good idea to be clear on all the details. Ask
all of the questions that you want to know, and get
all of the facts.