Mark Benedict Young can be observed as the most prolific distributor of misinformation about structured settlements at the moment. Those that subscribe to Google alerts on "structured settlements" are subjected to multiple daily alerts containing this misinformation spammer's posts. Personal injury plaintiffs should ignore anything that Mark Benedict Young writes on the subject of structured settlements because much of what he writes is replete with factual inaccuracies and therefore not reliable.
Today's "Steaming Pile" 
from Mark Benedict Young
Mark Benedict Young (from the publication "Structured Settlements From Lawsuits")
These settlements are not always made in a single lump sum payment. It is common
practice to break up the amount of the settlement in small instalments (sic.), to be
paid over a span of many years.
SS4R Comments
- Structured settlements always involve periodic or installment payments. As Mark Benedict Young has already opined in a previous post, logically large settlements=large payments (ergo small settlements=small payments)
- Structured settlement payments can be paid over many years or over shorter periods of time to suit the needs of the payee.
Mark Benedict Young
Don’t expect a large sum payment after you have been awarded your settlement. It
is not recommended that you make any additional financial commitments until you
know the monthly amount of your cheque instalment (sic.).
SS4R Comments
- You cannot be awarded a settlement. A settlement involves a compromise.
- Mark Benedict Young clearly doesn't understand settlement planning. The placement of a structured settlement is part of a greater settlement planning process which may involve multiple commitments. In some cases a settlement plan will not involve a structured settlement at all and therefore there is no need to wait "until you know what the monthly amount of your cheque" is.
Mark Benedict Young
If you would much prefer one large settlement check, there are companies that
pay you the full amount of your settlement in return for your monthly
instalments (sic.). You then receive all the monies owed to you immediately and don’t
have to wait and save your instalment (sic.) checks. You can consider it a personal
loan that you don’t have to pay off because your monthly instalment (sic.) covers the
payment plan.
SS4R Comments
- If you prefer one large settlement check then don't agree to 100% in a structured settlement.
- Speak with a qualified structured settlement professional or settlement planner who is in the business of providing such advice on a full time basis BEFORE you do anything. A representative of one of the cash now pushers is not likely to be such a person. Go over your needs and issues. A structured settlement may make sense for you and your situation.
- There is no need to agree to a structured settlement and immediately run to a "cash now pusher". Mark Benedict Young's "advice by implication" is utterly stupid. It doesn't make any sense.
- Mark Benedict Young misleads his intended target (tort victims) that they will receive all the monies owed to them (he says "full amount of settlement" and "receive all of your money immediately"). There's a simple word for that in "Olde English"... "shyte". If you go to a cash now pusher you will NOT receive the full amount of your settlement or receive all your money immediately, or ever.
- If you needed money desperately and hawked your Rolex watch at a pawn shop would you get the full value from the pawn broker? Of course not!
- If you need a "cash now fix" a cash now pusher is one alternative, but realize that you will never get "the fully juiced".
- Mark Benedict Young mischaracterizes a purchase of structured settlement payment rights as loan.
Mark Benedict Young
In a way, you already have the right to that money. The company that is
making that structured settlement already owes you the money, which means that
they owe you a debt, or in other words, you have lent them the money, and they
are returning it to you in interest free instalments (sic.). So you are not getting any
additional income from the money that is already yours.
SS4R Comments
- Structured settlements are income tax free installments NOT interest free installments. The statements of Mark Benedict Young statements are impeached by the facts and his own structured settlement illiteracy.
- The word "installment" has two letter "L"s
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