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Can A Structured Settlement From A Lottery Winning Be Sold Like Other Structured Settlements?


Structured settlements can be derived from a variety of sources, but still qualify for transfer or sales.

settlements are awarded to a person that has suffered personal injury as a result of illegal practices or severe neglect by another party. They are also granted to many lottery winners who have won a substantial amount of money. In all three cases the structured settlement can be sold to a third party and the process is the same.

Although the circumstances surrounding the award of a structured settlement may be different, once it's in place, you can sell your rights to all or part of your future payments regardless of why it was initially awarded to you. All sales must be approved through a court of law also.

 

 



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Posted on March 24, 2009 16:49:23 by Structured.Team - View Profile

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