Structured Settlements New York

That depends on what you choose to do with it. You could continue to receive your monthly income from the settlement and, if you can afford to get by without it once in a while, you could invest those payments. You will, however, be obligated to pay taxes on any interest you earn from the investment. Or you could sell your settlement right out for a lump sum payment.

If you do sell it, the lifetime value of the settlement will be reduced, but investing a larger amount of money may give you a bigger return on the money. In either case, you are required by law to pay any and all taxes owed on all interest you receive from either scenario. Contact a professional for a more indepth look at your options.