Making New Friends
When the federal law allowing the selling of structured settlements was signed by President Bush, it served several purposes. First, the owners of structured settlements were given back control of the money that belongs to them in terms of being able to decide if they want to sell their payments. Second, the new law allowed people who had experienced changing circumstance a way to revise their payment structure.
And the third most interesting fact about this structured settlement law was that it placed lawyers, consumers, the government and insurance companies all on the same page. In other words, everyone supported the law because it was a good one. This does not happen often…hardly ever as a matter of fact.
There are simply many times when selling structured payments is a good idea. The federal, and then the state, laws made it possible which means you can now have options when your current structured settlement arrangements no longer work for you.
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