Should You Sell Your Structured Settlement?
Selling your structured settlement is a major financial decision. It can provide immediate cash for important needs, but also means giving up future payments. Review the pros and cons below, and explore our resources to make the best choice for your situation.
Pros: Advantages of Selling
- 💡 Immediate Access to Cash: Use funds for emergencies, investments, or major purchases.
- 💡 Debt Relief: Pay off high-interest debts or medical bills.
- 💡 Financial Flexibility: Invest in education, a home, or a business.
- 💡 Handle Life Changes: Address unexpected expenses or changes in circumstances.
- 💡 No Upfront Fees: Reputable buyers cover all costs and court fees.
- 💡 Professional Guidance: Get support throughout the process, including court approval and compliance.
Cons: Disadvantages & Risks
- ⚠️ Reduced Total Value: Lump sum is less than the total of future payments due to discounting.
- ⚠️ Loss of Future Income: You give up guaranteed payments that may be needed later.
- ⚠️ Possible Impact on Benefits: May affect eligibility for government programs (SSI, Medicaid, etc.).
- ⚠️ Legal & Court Approval Required: The process takes time and requires a judge's approval.
- ⚠️ Potential for Regret: Once sold, you cannot reverse the transaction.
How to Decide if Selling is Right for You
- Assess your current and future financial needs
- Consult with a financial advisor or attorney
- Use our calculator to estimate your lump sum offer
- Review the selling process and court approval requirements
- Understand state laws and key terms
Frequently Asked Questions
Immediate access to cash, debt relief, and financial flexibility are the top benefits. See the full list above for more details.
The main risks are receiving less than the total value, losing future income, and possible impact on benefits. See the cons list above for more.
Consider your needs, consult an advisor, and use our resources to make an informed decision. Our team is here to help.