Yes a judge must approve the sale of your structured settlement.
Selling a structured settlement annuity.
Find out more about secondary market annuities.
Once terms are finalized there s little you can do to alter them if they do not meet your needs.
If your financial needs have changed recently selling the rights to these payments in exchange for a lump sum payout from a company that specializes in buying annuities can give you some financial flexibility.
Funds are not immediately accessible in case of an emergency and the recipient cannot place a lump sum payout in other.
This does not mean that it is illegal to sell them.
Selling a structured settlement is a money loser 100 of the time.
Selling your structured settlement is perfectly legal when a judge approves the sale.
This is called secondary market annuities.
Despite the best laid plans life situations might change and what made sense when a structured settlement was created may become derailed by an unanticipated occurrence or living beyond your means.
Tapping into your structured settlement without.
Research companies and choose a credible buyer like drb capital.
You can sell your annuity or structured settlement payments for cash now.
There are only a few basic steps in the whole process of selling a structured settlement.
With the right buyer the process is streamlined and includes the following steps.
Unlike commercially available annuities structured settlement annuities are always subject to court approval.
Basically you sell your structured settlement payments at a heavy discount via a settlement transfer in exchange for a lump sum of cash.
There are no exceptions.