What Must I Do To Sell My Structured Settlement?

Selling a structured settlement is handled much like any other binding sale in the world of commerce. The first thing is to find a respectable buyer. Check with the Better Business Bureau before entering into a contract with a buyer.

The terms of the sale must be reduced to writing or the sale will not be binding. You will be given a grace period in which you’ll have time to review the terms of the contract. If you choose, you may back out of the deal without incurring any penalties during this period. If you are satisfied with the terms, you must appear in court at which time a judge will review the terms of the sale. If she/he approves the sale they will issue a court order stating so.

Some states also require that the structured settlement buyer inform the seller, in writing, that their interests would be best served by seeking the advice of a legal consultant. Check to see if your state is one of them.