I won a court case a few years ago, and they awarded me some money. My lawyer arranged to have it put into a structured settlement. I now need access to the money, so that I can invest in some real estate. What is the best way to get the most money in return for the future payments?
Chosen Answer:
A fixed annuity is what was set up, you receive periodic payments. A lump sum was deposited into an account, this represented the initial value. The interest earnings, over time, along with the initial sum; yields the value at maturity. Depending on the interest rate & time, the mature value can be substantial.
Try a search for: structured settlement or fixed annuity.
Confer with a tax attorney, for best advice on your options.
by: S. B.
on: 31st December 06
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A fixed annuity is what was set up, you receive periodic payments. A lump sum was deposited into an account, this represented the initial value. The interest earnings, over time, along with the initial sum; yields the value at maturity. Depending on the interest rate & time, the mature value can be substantial.
Try a search for: structured settlement or fixed annuity.
Confer with a tax attorney, for best advice on your options.
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