Not So Young Anymore

There are plenty of reasons why people decide to sell their structured settlements. Life never stands still and circumstances change all the time. In fact, most of the time people’s money needs do change as time goes by simply because personal needs change.

Here is a good example. Even a child can be awarded a personal injury settlement just like an adult, and a child’s needs are almost sure to change as he or she grows up. In one case, a ten year old child tripped on a hole in a sidewalk near a construction site. The hole was not properly marked so the court awarded a 25 year monthly payment for injuries sustained.

The child recovered completely, but the payments went on. By the time the child was 20 years old, he needed a lump sum payment for a downpayment on a house a lot more than he needed the monthly payments. This is just the kind of ideal situation where selling all or part of a structured settlement makes a lot of sense.

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