How can a beneficiary of a structured settlement recieve payment in one lump sum?
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How can a beneficiary of a structured settlement recieve payment in one lump sum?
I was told we have to continue with the monthly payment set up by the deceased.
Asked on November 6, 2012 under Insurance Law, Pennsylvania
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
You can attempt to renegotiate this debt with the estate or sell what is owed to you to a company who would give you a majority percentage of what is owed to you and then basically will then own the debt and collect the payments on a structure basis itself. At the point of selling the debt owed to you, you would be compensated for most of what is owed to you.
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