Annuities

wjfa_logo_404aTHE SELLING ANNUITY/STRUCTURED SETTLEMENT PROCESS.

 The selling annuity of a structured settlement process often  requires that a court order be obtained which authorizes the sale.  A structured settlement may provide payments for a certain period of time or extend throughout the lifetime of the injured person.  People receive structured settlement payments as the result of legal action. If one party sues another, there might be a settlement and the defendant might agree to make payment over time (annuities-structured settlements.

An annuity is a contractual financial product  between two parties one being the individual and the insurance company.  The individual pays the insurance company a lump sum of money  to hold usually until retirement. Depending on it’s structure it can and sometimes does continue for the remainder of the investor’s life. The periodic payments of  a fixed annuity are guaranteed.  The waiting time when an annuity is being funded and before payouts is call the accumulation phase, once payments begin the contract is now in the annuitization stage.  Annuities are sometimes purchase from people of any age that would like to cash in for cash flows in the future.  Conventional annuity contracts does provide a predictable, guaranteed income stream of future income until death.

Please understand that it takes at least a month or more from initial contract to final funding, to complete the process. CAUTION anyone claiming that it takes less time is not telling the truth!

 We  will always attempt to set reasonable  expectations for our customers. We will not make ridiculous  promises that cannot be kept.  We know that our customers want and need their money NOW,  We keep every customer informed each day, if necessary, doing whatever is possible to speed up the process., and getting you your CASH.

Inheritance, Trust & Probate

If you are an heir to an estate which is currently in probate, you are having to wait for your money.  You know that it can take months, or even years, before your money will be disbursed.  For many people who need access to their funds now, waiting for a closing can be a real.  You may be able to sell a portion of your inheritance in exchange for cash now.

National Note Buyers has access to funders that invest in estate and trust inheritances.  This is your opportunity to gain immediate access to cash that you have locked-up in probate.  This is not a loan.  You pay no points interest or monthly payments. The process is simple and straight forward.  A portion of your inheritances is purchased for a lump sum of cash thereby providing you with immediate access to your money to use in whatever way you choose.  When probate finally closes, the funder receives the agreed upon amount and you receive the balance.

  •  Trust Funds Have Unfavorable Tax Rates Compared to Other Ways of Holding Property
  • Congress routinely updates the tax brackets to adjust for the inflation rate.

How to you avoid this situation?  One way is to only give money to children who have been successful on their own.  A 35-year old son who grows up and is earning $300,000 per year running a chain of restaurants he founded is not going to be spoiled by a few hundred thousand, or even million, dollars.  Yet, an 18-year old just leaving home probably would.  Consider waiting to see how far the apple fell from the tree before making major gifts to your offspring.  Some people can handle it, some can’t.

Your job is to help your children develop into self-sufficient, happy, healthy adults.  It is not necessarily to give them money.  Sometimes it helps, sometimes it hurts.  Wisdom is knowing which applies in a specific situation.

  •  Assets Transferred to a Trust Are No Longer Yours

This is a double-edged sword.  When you transfer assets to a trust fund, you can’t treat those assets as if they belong to you, any longer.

On the other hand, it is this very fact that makes trust funds an ideal mechanism for protecting assets from creditors.  As long as you don’t engage in a so-called fraudulent transfer, which means specifically moving money into a trust in anticipation of a potential adverse legal claim, in which case a judge might reverse the transaction, money gifted to a trust can often be beyond the reach of creditors.

You could take advantage of this.  If you have a parent that plans on leaving you money, ask that the cash be put into a trust fund that you can’t access with specific annual dividend distributions.  .

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