The self-esteem factor of not having enough money is underestimated. You know what I mean don’t you? The agony of financially struggling and the ecstasy of financial abundance are dramatically different moments in a person’s life. And I for one would choose the abundance over the struggling any day.
A particular emotional challenge structured settlement and [...]
You should not cash out your annuity when it’s not in your best interest.Here are 3 reasons it might not be in your best interest; it’s too soon, you don’t have a good enough reason, it will cost you too much. Every day someone cashes out their annuity or settlement when it might not have [...]
Amid fundraisers’ growing concerns about the current charitable giving climate, dampened by the erratic stock market and shaky economy, a new fundraising opportunity has emerged - Life Settlements.
What is a Life Settlement? A Life Settlement is the sale of an existing life insurance policy for a lump sum of cash that is more than the [...]
Structured settlements have been around for a long time however their popularity has steadily increased over the past 6 years. In 1999 only 7% of insurance settlements that were under $7,000 were completed as structured settlements. While we don’t have hard data for the current year, the number is much higher now.
Because of the fast [...]
When it comes to discussing offshore anything and US citizens - from offshore trusts to investments, from offshore banking to company incorporation - it’s important to note the following facts: -
- US citizens are taxed on their worldwide income. This includes income from interest, dividends and gains whether onshore or offshore.
- The US government allows [...]
You always hear people talking about the latest investment vehicle they’re using. It’s water cooler talk, dinner table talk, phone talk, it’s everywhere talk. People are always looking for a way to invest their money that might be a little ‘different’ from what others are doing. Buying a structured settlement is one of those options.
A [...]
When starting a business, a large number of people go down the route of forming a limited company or, to give it its full title, a limited liability company.
The alternative for someone starting up in business on their own is to trade as a sole-trader. There is less formal paperwork involved in going into business [...]
If you have ever been in a bind for cash you know the stress, the weight of not being able to pay your bills. In these desperate times, desperate measures are often taken. Expensive loans, overused credit cards, and a snowball of events quickly complicate your financial position. Once the collectors begin their relentless pursuit [...]
You are receiving payments spread out over months, years, even a lifetime. It’s great when the money arrives but the payments are often too small or too spread out to really satisfy your needs. Careful research could yield more of your cash faster. There are some half dozen financial institutions with the knowledge and resources [...]
On January 22,2002, President George W. Bush signed into law a bill that protects individuals who must sell their structured settlement payments to meet unplanned financial needs. H.R.2884
Victims of Terrorism Tax Relief Act of 2001 (Signed by the President January 22,2002))
Under a structured settlement, a lawsuit plaintiff will not receive compensation in one lump sum [...]