Disadvantages selling structured settlement

Individuals who rely on their periodic payments structured settlement in order to live, may find themselves in a bind when they do not have that money coming into their house. This is especially true if something happens once received from the sale of structured settlement, such as investments go wrong. Because of the many tax benefits provided structured settlement may be significant tax consequences associated with the sale of all or part of one. Most people find it easier to manage smaller amounts of money; a lump in the hands of those who are not especially financial literacy can be disastrous.