All The Elements In Place—What You Need To Complete A Structured Settlement Transfer
There is a definite process involved in selling or transferring your structured settlement payments to a service like Prosperity Partners. Prosperity Partners does as much as we possibly can to minimize the workload for you, but here is an overview of the process and what you need and need to do to complete the sale of your structured settlement payments and receive your lump sum of cash.
Determine Your Needs
The first thing to do is determine, to the extent possible, what your needs and financial goals are. Try to get an idea of what you want to do with the money so that we can tailor a purchase contract that will meet those needs. If you simply want to cash in the whole settlement because you are not interested in waiting years for your money this part is easy; but if you think you may want to retain a future stream of income, it will take a bit more work to determine the right arrangement. Don't worry if you are unsure, though, we can present you with a few options and you can choose the most suitable plan for you.
Partner With An Experienced Industry Leader
It is imperative that you have an experienced, knowledgeable, ethical partner to work with you and handle the purchase of your structured settlement. When you partner with us, you will get all of this and more. And that will mean a lot to you in the end, because not only can you trust that you are being treated fairly and working toward your financial goals, but you also have gained a reliable resource in Prosperity Partners.
Gather Documentation And Complete Application Process
There are a number of documents and proofs that we will need from you to complete your application and gain court approval for the transfer of your structured settlement payments. You can see a complete list on this website, which includes documents like
- Your annuity policy
- Your settlement agreement/extended release agreement
- Copies of annuity checks or stubs
- Tax return
- Identification
- Licenses and decrees, where applicable
- Copies of judgments and assignments, where applicable
Once all required documents and the completed application are received (and Prosperity Partners is happy to help you with this) we can present you with a few opportunities.
Choose Your Best Opportunity
We will work hard to tailor a plan specifically designed to meet your financial goals once we have all the information we need. We will present you with one or more options, and you can evaluate each and choose which works best for you. We'll then take that plan and use it to put the final touches on your application package, which will then be submitted for court approval.
Obtain Court Approval
Court approval is a necessary step in selling structured settlements. This is a step designed to protect you from unethical companies and scam artists. We handle court proceedings on your behalf, and in most cases a personal appearance is not necessary. Getting court approval for a structured settlement purchase takes on average 90 days (be leery of companies promising fast returns, as we are all at the mercy of the court systems here).
Court approval is the final step in accessing your money; with the court's approval, we can complete the purchase and you will get your money as agreed in short time.
While this process is somewhat involved, it is all designed to serve your best financial interests. Prosperity Partners is here to help you through this process every step of the way until we find the tailor-made purchase plan that is right for you. Contact us today and we can getting started gathering information and making you offers!
