Do not plan out your structured settlement deals without consulting a certified structured settlement consultant. The certified structured settlement consultants are the best guide in helping you get the best deal. Irrespective of their client's circumstances or needs, these professionals generally crack the best deal for them, suiting their budget.
Before rushing headlong into a deal take the time to weigh the pros and cons of a lump-sum settlement offer or structured settlement offer even before approaching a consultant.
Generally in compensation cases especially with ones that have to do with an accident, people prefer a structured settlement plan. Contrary to lump-sum payouts structured plan will give you a monthly inflow of cash. A certified structure settlement consultant might vote for this since a structured settlement offers many benefits, one of them being that structured payouts are generally tax free. A structured settlement scores over lump-sum payouts also in that it provides for a long time monetary support ensuring you have cash every month. This is really beneficial if the client happens to be a minor. Minors gaining access to huge deposits of cash will work out to be disastrous for them as they live for the moment spending a lot of cash on frivolous things.
The certified structured settlement consultant will first need to decide the immediate funds requirement and the long term needs of his client. For such important deals it is always advisable you hire the best professional after conducting a thorough research. Another important thing to look out for would be to ensure that the consultant you hire has your best interests in heart, as affiliation with insurance companies will generate a lot of conflicts of interests between the client and the consultant's interests.
Ensure you have a good working relationship with the consultant you hire. Go through a lot of agencies and their previous cases before finalizing your consultant. Having a certified structured settlement consultant will help clients in getting the best settlement and they will have a loyalty towards their clients and not compromise on this issue.