Benefits and Disadvantages of Selling a Structured Settlement

Individuals who receive a personal injury structured settlement in North Carolina often weigh the pros and cons of whether or not selling the structured settlement would be to their benefit. When a person wants to sell their structured settlement, they need to ask the court's permission. This happens so often that Raleigh injury attorney Brent Adams explains in this video that he sees individuals ask for this permission nearly every week when he is in court. 

First, take some time to understand what a structured settlement is and how they are paid out over time. These are alternative payments to a lump sum. Second, understand one of the ways you can change the terms of a structured settlement agreement is to sell it to a third party. These parties generally loan you the money at unfavorable interest rates, which might not ultimately be to your benefit.