Having a certified structured settlement consultant to get a structured settlement is probably the best and the safest option
. 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. Since such income is tax free, a certified structured settlement consultant will advise a client to avail of such monthly deposits. Another advantage is that since the money is received in installments, it doesn't disappear all at once. 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.
A certified structured settlement consultant first needs to calculate how much of settlement his client should get as immediate and future costs. Ensure that you get the right person to help you plan your settlement issues by carrying a careful study of the different consultants available before hiring one. Be warned that many consultants have tied up with insurance companies and may work out a shoddy deal for you as per a prior arrangement with these companies, so choose your consultant with care.
The best consultant is a one the client is comfortable with. One should talk to a few companies, look into their policies, and get a trustworthy 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.