Understanding Structured Settlements and their Advantages

Written by Josh Murray

Continued from page 1

In contrast torepparttar interest thatís acquired through CDs or Municipal Bonds, monies that are accrued through a structured settlement are not factored intorepparttar 148700 calculation of Social Security benefits. That translates into a greater monthly benefit for those who are collecting payments throughrepparttar 148701 Social Security Department, which can make a huge different to those who are on such a fixed income.

Depending uponrepparttar 148702 level of disability, structure settlements can be set up to last forrepparttar 148703 lifetime ofrepparttar 148704 recipient. These payments are guaranteed and can be customized to be made on specific dates or increased on a yearly basis in order to offsetrepparttar 148705 cost of living, as well as factoring in any other special needs that may become apparent.

For those who suffer from credit problems or lose assets asrepparttar 148706 result of a divorce,repparttar 148707 monies that are siphoned through a structured settlement cannot be considered as part ofrepparttar 148708 financial scenario ofrepparttar 148709 individual. Creditors are not allowed to claim any portion ofrepparttar 148710 funds, and a structured settlement is not considered common property.

In addition to these, there are a number of other benefits that are intrinsic to a structured settlement, only some of which are geared towardrepparttar 148711 plaintiff. Benefits are also enjoyed byrepparttar 148712 attorneys and financial institutions that back such settlements. For further information, speak with your personal legal representative or consult one ofrepparttar 148713 major online search engines.

Josh Murray is a contributing writer to http://www.structuredsettlementinfo.info, a site that provides news and information on structured settlements.

Estate Planning Basics

Written by Amy Nichols

Continued from page 1

Probate: The process by which your personal property is legally transferred to your heirs upon your death. The probate process also identifies rightful heirs and determines how your assets will be distributed among them. Probate can be quite expensive (up to 10% ofrepparttar net worth of your estate) butrepparttar 148699 expense can be avoided with estate planning.

Will: A written, legal document outlining your wishes for your real and personal property upon your death. You can also appoint a guardian for any minor children. Beneficiaries: These arerepparttar 148700 people you assign to benefit with distribution of your real and personal property upon your death.

Your will can be an important tool of your estate plan. The goal ofrepparttar 148701 estate plan is to allow you, rather than probate court and attorney, to maintain control of your assets. Planning allows yourepparttar 148702 opportunity to set forth clear directions and desires for your assets inrepparttar 148703 event of your death or physical or mental incapacitation. Estate planning is a necessary and painless process. You will afford yourself peace of mind and you will smoothrepparttar 148704 road for your heirs in terms of property transfer upon your death.

Amy Nichols is a freelance writer and contributing author to http://www.howtowriteawill.com, a site providing free estate planning tips and information.

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