by John Darer® CLU ChFC MSSC RSP CLTC
Awful advice from Genex Capital website about inherited structured settlements. Genex Capital, disseminates horribly misleading information on the Structured Settlement-Quotes (SSQ) website about structured settlement factoring as part of its webpage " 13 Reasons To Sell Your Structured Settlement"
"In some instances annuities are inherited--a person who has inherited such a structured settlement may choose to sell and have their inheritance in its entirety, up front"
If you inherit a structured settlement what you are inheriting is a series of periodic payments payable now or in the future that are income tax free, if the periodic payments represent damages that qualified for a tax exclusion under IRC 104(a)(2).
If you sell your right to receive such payments you sell those payments at a discount to the present value of the future payments, not the future value. Ipso facto, bucko, you CANNOT have your inheritance in its entirety, up front or otherwise.
Isn't it your entire inheritance that you want?
More accurate information about inherited structured settlement.