Frequently Asked Questions

A structured settlement is a financial arrangement where you receive periodic payments over time, typically from a legal settlement. These payments are tax-free and court-approved, providing long-term financial security.

Yes, you can sell your structured settlement. The process is legal and requires court approval to ensure it's in your best interest. Many people sell to access their money sooner for needs like medical bills, debt relief, or investments.

Structured settlements work by converting a large settlement into a series of guaranteed payments. These payments can be scheduled monthly, annually, or in other intervals, and are typically tax-free under federal law.

To sell your structured settlement: 1) Get a quote using our calculator, 2) Review and accept the offer, 3) Complete the paperwork, 4) Attend a court hearing, 5) Receive your payment. The entire process typically takes 30-45 days.

The process typically takes 30-45 days from start to finish. This includes getting a quote, completing paperwork, court approval, and receiving your payment. Some cases can be completed faster depending on your state's requirements.

While you don't need a lawyer to start the process, it's recommended to consult with one. The court will appoint an independent advisor to review your case and ensure the sale is in your best interest.

The amount you receive depends on your payment schedule, remaining payments, and current market rates. Use our free calculator to get an instant quote for your specific settlement.

Yes, it is legal in all 50 states, but court approval is required to protect your interests.

Yes, all states require court approval, but the process and requirements vary. Some states have additional consumer protections or unique steps.

Common documents include the settlement agreement, payment schedule, transfer petition, and financial disclosures. Some states require additional forms.

No, you will receive less than the total future value due to the time value of money and discount rates. However, you gain immediate access to a lump sum of cash.

There are no upfront fees. All costs are transparently disclosed in your quote and deducted from your final payment amount.

Generally, no. The tax-free status of your structured settlement payments typically remains when you sell. However, consult a tax professional for your specific situation.