Selling a Structured Settlement that You’ve Inherited

A loved one left you their future structured settlement payments in their will, and you’re wondering what you can do with it. Maybe you have a business opportunity or you are interested in purchasing a house. You might be facing an emergency and looking at your options to cover that sudden expense. So, can you sell this asset? The short answer is yes. If you inherited a structured settlement, that means you now have the rights to it, and to the future payments. And in situations where you have a financial need, you most likely qualify to sell some or all of the future payments from the inheritance for a lump sum in cash.

Laws About Selling a Structured Settlement Inheritance

There are federal and state laws that govern the sale of structured settlements. To be permitted under federal law, the sale must be in the best interest of you and your dependents, and it cannot violate another court order or any other law. If you’re good in that regard, then the court in the appropriate state must approve the sale of a structured settlement in advance. Each state then has its own rules regarding the sale itself. But in general, here’s what it all comes down to: an annuitant (that’s you) is legally able to sell their future structured settlement payments if they are facing an immediate need for a lump sum of cash and they have no other way to get money to cover this need.

Options for People Who Need to Sell an Inherited Structured Settlement

You’ve probably seen the late night commercials and heard the jingles. Maybe you’ve already called those companies and you’re still shopping around. As you weigh your options, there are a few things you should know.

When you search online for structured settlement factoring companies -- meaning the companies that can help you sell -- the top three that show up in Google are all part of the same organization. You read that right; they’re all owned by the same parent company. And they will also probably tell you that they guarantee the best price when they buy your structured settlement inheritance. The truth is, there’s no set price that you have to receive for this asset, and those big companies have a “middleman” setup that takes a big cut of the value of your structured settlement payments. 

At CrowFly, we don’t do that. Having a digital platform that connects sellers and buyers directly has allowed us to make our process more efficient, which cuts down on the transaction cost for you, the seller. 

If you’re wondering, How do I sell a structured settlement that I have inherited?, your individual situation will determine whether you can legally do so. Give us a call to talk about it. Our team will never push you into a decision. Instead, we’ll talk about the pros and cons and what you can expect. You can also start with our structured settlement calculator if you’d like to know first how much you could make by selling your structured settlement inheritance future payments. And if you decide to talk with us after that, we might even be able to beat the price you see on the calculator.

Call 833-CROWFLY, email info@crowfly.com or get started online.