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Handling A Structured Settlement Annuity? I was in an accident years ago and received a structured settlement annuity from an insurance company. My mother is currently the trustee of the account but when become an adult, I will soon be the trustee and receive monthly payments from the insurance company. I also have a separate [...]
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Why are my sale proceeds from selling a structured settlement tax free? IRC 104(a) is a clause of the Internal Revenue Code that exempts physical injury recoveries from gross income even if the money was paid in a lump sum instead of in future periodic payments. While the code doesn’t specifically mention structured settlements, if [...]
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NSSTA President Mike Kelly appears on Speaking of Settlements
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Sell Your Structured Settlement, Annuity, & Lottery Payments
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Question about monthly annuity payments? My friend has a monthly annuity payment from Aurora company and she has a question about it … Every month she receives a fixed payment but once in a while she receives a large check plus the monthly check and she has tried calling them to ask but they give [...]
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