How To Choose The Right Structured Settlement Broker

 


Visitors: 349

A prospective seller of a structured settlement payment is better served utilizing the services of a structured settlement broker rather than approaching a buyer directly. The same is true for an individual who is about to come into a large sum of money via a structured settlement payment. This is because with a broker mediating a deal, it works out best for all the parties involved.

While selling a structured settlement, taking help from a broker is recommended as a broker maintains professional contacts with several underwriters and is thus in a position to offer the best deal to a seller. One should ensure that the broker is not working exclusively for a selected few underwriters as it may result in lower lump sum payments.

A seller can take help from an attorney who has had past dealings with structured settlement brokers and knows the right questions to ask. One should focus queries on the cost of the process and time involved.

The broker should be experienced enough to handle the intricacies of a structured settlement and variables affected by individual situations. This ability makes an experienced broker a valuable asset in ensuring that the settlement process takes place fast and efficiently. The brokers should also possess all the means of communication so that time is not lost and there is less paper clutter at the client’s end.

A structured settlement broker can provide an indication of the costs and time involved in selling a structured settlement. The broker’s inputs will be useful in deciding the right amount of payments to sell. Alternatively, when an individual is obtaining a structured settlement payment through an out-of-court settlement or lottery winnings, the broker analyses the best possible payment scenario for his client after understanding his concerns. This helps the beneficiary in availing the settlement payments in the best possible manner. The broker’s efforts also involve imparting tax-planning and investment advice to his clients.

Ideally, the structured settlement broker should be registered with the Department of Justice, be registered in a state of America, and with one insurance company at least. Brokers should be insured against errors and omissions and should have a reputation for fair dealing.

George Hostetler recommends Structured Settlements Guide for more information on finding a structured settlement broker .

(399)

Article Source:


 
Rate this Article: 
 
Do I Need a Structured Settlement?
Rated 4 / 5
based on 5 votes
ArticleSlash

Related Articles:

Will a Structured Settlement Broker Get You More Money?

by: Steven Saunders (September 27, 2008) 
(Finance/Structured Settlements)

Structured Settlement Loans - Know the Pros and Cons of Selling a Structured ..

by: Eric Hayes (August 28, 2008) 
(Finance/Structured Settlements)

Structured Settlement Annuity - How to Make Your Settlement Claim Today

by: Steven Saunders (September 27, 2008) 
(Finance/Structured Settlements)

What Is A Structured Settlement?

by: Ellie Gibb (April 23, 2006) 
(Finance/Structured Settlements)

Consider a Structured Settlement?

by: John Jonas (February 11, 2005) 
(Finance/Structured Settlements)

What is a Structured Settlement?

by: Mayoor Patel (May 08, 2007) 
(Finance)

What is Structured Settlement?

by: Brian Dylan (July 24, 2005) 
(Finance/Structured Settlements)

What is a Structured Settlement

by: Amit Laufer (August 29, 2005) 
(Finance/Structured Settlements)

What Is A Structured Settlement?

by: Benjamin Robert Ehinger (May 22, 2008) 
(Finance/Structured Settlements)

Do I Need a Structured Settlement?

by: Adam Moody (July 23, 2008) 
(Finance/Structured Settlements)