Selling A Structured SettlementAs we have seen in other articles in this series, a structured settlement could turn out to be inadequate to meet your financial needs. The question of selling the settlement comes up in this context.You have heard that people do cash out settlements. However, the wording in your settlement agreement might give a different impression. The restrictive wording would seem to prohibit any transfer of the settlement.All this could lead to confusion, at a time when you are in urgent need of lump sum cash. In this article, we seek to remove the confusion and explain the process of cashing out your structured settlement.You Are Not Selling the SettlementThe settlement was an agreement between you and insurance company (or other party). It is typically executed to settle a claim you made. If the insurance company settled the claim by purchasing an annuity in your favor, the annuity itself belongs to the company. You cannot sell it.
On the other hand, the settlement confers a right on you, the right to receive a future stream of payments. This right to receive payments is your asset. Like any other asset, you do have a right to sell this asset.How Do You Sell A Structured SettlementWhile you are entitled to sell your right to receive future payments, the law makes selling structured settlements somewhat difficult. Such settlements and annuities are considered better for the financial security of most persons. Hence the law encourages such settlements and discourages their sale for lump sum cash.In such a situation, you proceed as follows:Consider what you want to use the lump sum cash for. You would have to explain how a lump sum of cash serves your interests better than a stream of payments extending over years.Locate a buyer that specializes in buying structured settlements. Business firms known as structured settlement factors do this. We look at the qualifications of a good buyer at the end of this article.Get a quote from the buyer for buying out your settlement payments. Buyers typically discount the future payments to a “present value” and give their quote based on this value.If you accept the quote, ask the buyer for a pro-forma contract, showing the terms under which they would buy your payments. Review it with your attorney.Return the accepted pro-forma to the buyer. Reputed factoring firms would then check that the whole transaction is likely to be approved by the court and that all legal requirements have been met.The firm would then file an application in a court to get an appointment to review the transaction.On the date fixed by the court, you will appear before the judge and answer questions on why you want to sell the settlement. Other interested parties might also put questions to you. Explain to them how your interests are better served with a lump sum of cash.If you deal with an experienced and competent factoring firm, the settlement sale would most likely be approved.The factoring firm pays you the agreed sum within a few days of receiving the court order.
Selecting A Structured Settlement Factoring CompanyEnsure that the buyer of your payments is:Financially sound and able to meet their payment obligationsExperienced in the field and could attend to all legal formalities.Deals up front with you and do not seem likely to cheat you with too small a lump sum or in other ways.
These Ideas Will Help You Be Successful At Making Money Online
There are so many ways that you can earn money that it is no surprise that earning money online has become so popular. Over the years, the number of online businesses and entrepreneurs looking for work has greatly increased. You can easily get started working online by viewing the great tips below!When planning how to make money working online, never put all your eggs in one basket. Keep as many options open as possible, to ensure that you will always have money coming in. Failure to plan like this can really cost you if your main site suddenly stops posting work or opportunities.Before you set your heart on making money online, set your household up. Making sure you are free from interruptions can be a very important part of your success. Children, spouses and other people can cut you off at the most inconvenient times. Make sure your time is your own, so you can maximize earnings.Design and build websites for people on the web to make some extra cash on the side. This is a great way to showcase the skills that you have using programs like Kompozer. Take a class beforehand on website design if you want to brush up on your skills before starting up.If you are knowledgeable about a particular subject, put your knowledge to work for you. There are many companies, such as about.com, that will pay you for your knowledge. Most of these sites do require you to write a certain number of articles each month; however, this is a fantastic way to bump up your earnings.Think about how your time should be valued prior to beginning work. If you intend to do something online to make money, what is your minimum acceptable hourly wage? Working for pennies will mean you’re wasting your time. People are going to pay you that sum, and earning more will be tough.Remember that who you work for is as important as the work you do. Anyone who is looking for workers who will be happy with working for pennies isn’t the kind of employer you want to work under. Look for someone or a company who pays fairly, treats workers well and respects you.Join a focus group if you want to make some money on the side. These groups gather together from an internet hub at a physical location where they will talk about a new product or service that is out on the market. Generally, these groups will gather in very big cities near you.Never spend money to make money. Legitimate firms do not require up front money in exchange for work opportunities. People who do ask for money are likely trying to scam you. Be sure to avoid these companies.Working online has never been easier! All you need is the right advice on hand and you will see that earning the extra money you have been missing is not as hard as you may think. Just use everything you’ve just learned and keep reading for more online advice to ensure you earn more money.
Financing
Financing is one of the most important functions of any enterprise. For carrying out any operation, finance is required. Thus, finance must be raised, allocated and controlled for the effective execution of any function. Finance function is superimposed on all other functions. That is, all the other functions in a business enterprise depend on the financing, and the success or failure of the firm, as such, depends on how effectively the finance function is undertaken.Financing is an essential but distinct segment of the overall managerial function. It is closely related to various managerial functions such as production, personnel and distribution. The finance function comprises of determining and raising the necessary funds from appropriate sources, and their proper allocation and control with the aim of attaining the enterprise objective of wealth maximization. The wealth or the value of the firm is at the maximum when the return or profit is also at maximum. But with the increase in return, the risk also increases.Financing function aims at reaching a trade-off between risk and return, and between profitability and liquidity, with the ultimate objective of maximizing the value of the firm. Some experts have defined financing as the task of providing the funds required by an enterprise on the terms most favorable to it, in light of the objectives of the business.Money management, accounting, control and advisory are the four main functions of financing. Money management aims at ensuring that a sufficient amount of money is raised from appropriate sources at the right time and is invested in suitable projects which would increase the net returns and the value of the firm. Thus, money management consists of the raising of required funds, investing of funds and management of working capital.Financial accounting consists of recording all business transactions and the preparation of final accounts, concerning the profit and loss accounts and the balance sheet. The profit and loss account shows the net results- either the profit earned or the loss suffered over a period. The balance sheet shows the financial position of the firm on a given time.
Yahoo! Finance – What Sets This Finance Website Apart?
“What Obama Must Say Tonight,” “10 Tax Moves to Make in 2010,” and “Ailing Banks Favor Salaries Over Shareholders,” are all examples of the dozens of articles that could be found today at Yahoo! Finance. Yahoo! Finance is a finance website that offers lots of free information and tools all related to finance. There are many websites today that offers resources and tools related to personal finance and investing, so what does Yahoo! Finance have to offer?*Free- Although there are some services available for a fee, accessing the Yahoo! Finance website is free and so is the use of many tools.*Personalized Updates- If you choose to set up an account, you can get personalized updates when you log on about stocks or companies that you’re interested in.*Up to Date- This is one of the best things that sets Yahoo! Finance apart. Market indexes and updates are updated frequently and the “news” is fresh.*At a Glance- You can see Market index averages for the day including the DOW, NASDAQ, S&P 500 and more, as well as graphs showing the trend in these averages for the most recent working day.What’s Up at Yahoo! Finance?In addition to the Yahoo! Finance home page, you can find helpful pages on:-Investing-News and Opinion-Personal Finance-My Portfolios (if you choose to organize your financial information here)- A Tech TickerOn the Investing Pages at Yahoo! Finance:Find out about “Today’s Markets,” including recent earnings statements, recent stock splits and more.Mutual Funds, Stocks, ETFs, Options, Industries and Currencies are all explored furher. Find research, converters, calculators, articles and more.You can also learn more about world stock index levels, world news and exchange rates are under “International.”"Research and Education” offers a business term glossary, personal tutorials on finance and investing and more.Of course Yahoo! Finance also offer “Community,” a section where you can chat, ask questions or join groups.On the Personal Finance Pages at Yahoo! Finance:Get your personal finances organized at “Banking and Budgeting.” Free trials of online bill pay are available. Frequent offers include free for 6 months and $4.95 thereafter.More under Personal Finance…*Insurance*Taxes*Loans*Real estate* Family and Income*RetirementOn the News and Opinion Pages at Yahoo! Finance:Look for articles on…*Industry news*New technology*Top picks by expertsCreating a Yahoo! Finance Account:Creating an account at Yahoo! Finance is easy and free. Once you’ve created an account, you can personalize your logon so that the information that is important to you will be displayed including stock prices and relevant news pertaining to companies you are interested in.The Perks of Yahoo! Finance:Yahoo! Finance visitors and members enjoy that there’s so much financial information in one place and that the articles and financial charts on Yahoo! Finance are kept up to date. They also like that so many of the services available are free. Visitors also applaud Yahoo! for having limited ads.Popular Tools at Yahoo! Finance:There are rate charts and calculators for Mortgage, Home Equity, Savings, Auto Loans and Credit Cards for fixed loans and ARMs. You can see rates across the country as well view rates in your area.What’s not to love about Yahoo! Finance?While many users like the non-nonsense format at Yahoo! Finance, others find the finance web sites look to be drab, boring and unexciting with little more than two colors, black and blue, a limited photos.Still, Yahoo! Finance is recommended as a finance website that has a lot of helpful tools and resources that are well organized, up to date and more than not, free.