Structured Settlement – Guaranteed Income for those with DisabilitiesWritten by Charles Essmeier
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period of time, led to Congressional action in 1982 that amended Federal tax code to allow for structured settlements. A structured settlement is simply an agreement between responsible party and injured party that payments will be made over time, rather than in a lump sum. The two parties reach an agreement, party responsible for payment purchases an annuity, usually through an insurance company, and injured party will receive steady income over a period of years or even a lifetime.
The payments are adjusted for inflation; sum of all of payments will be greater than if amount had been paid as a lump sum. Because payments are purchased up front as an annuity, paying party actually pays less than sum of payments, as well. The result is generally a win-win situation, with injured party receiving a steady stream of income over as long a period of time as necessary, while paying party does not have to worry about making monthly or annual payments.
While a structured settlement is not ideal payment arrangement in all situations where a long term injury settlement occurs, it does work well in many cases where a lump sum payout might be undesirable.
©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including http://www.StructuredSettlementHelp.com/ and http://www.HomeEquityHelp.net/
| | How to Negotiate Debt SettlementsWritten by Gary Gresham
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The second step is to align your priorities and decide where your debt repayment plan should begin and be most concentrated. Pay off high interest loans before low interest loans to save you money. Third, approach your creditors and ask about their available debt repayment plans. Tell them what you are interested in, and present them with your program for repayment. They may not accept this initial proposal, but it is a good way to begin process. Last, be committed to following through on terms of your debt negotiation settlement. When you agree to terms, and your creditors agree to terms, you must both be willing to do your part to ensure your success in fighting debt is attained. Knowing how to negotiate a debt settlement isn't difficult, but it is essential to fixing debt problems and securing your future financial success. Copyright © 2005 Credit Repair Facts.com All Rights Reserved.
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