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If you've ever found yourself the victim of an accident, you know that it can take a while to get your feet back on the ground. The financial part of it can be even worse. You may win a protracted legal battle and get some compensation for your troubles but even that could get tied up in the system. You win a settlement and have medical bills that need to be paid but you're struggling to even get access to the money.

If you're holding a structured settlement that consists of a stream of periodic smaller payments and are seeking a lump sum up front to help pay for things like current medical expenses there are companies out there that will purchase your structured settlement and turn that series of payments into an upfront lump sum payment for you.

Before deciding whether or not selling your structured settlement for a lump sum makes sense, you have to keep in mind that in most cases the transaction makes sense only for the company who's buying the settlement. Firms that buy settlements typically offer about half of the value of the settlement in exchange for the ongoing payment stream. Even considering the transaction over time, the company comes out ahead because they're taking in much more than they're paying out in a lump sum. And it's essentially risk-free for the company as the settlement is backed by a court order.

If you're considering selling your structured settlement for cash, there are a few things you should know first.

First, you should always shop around. Big companies like J.G. Wentworth can be a good starting point but you should try to research and get quotes from at least three different companies. The offers you'll see can vary significantly so make sure you judge each on its total merit.

Second, you'll want to consult with a tax advisor or attorney. You may find that the lump sum payment you receive could be taxable leaving you coming out even further behind so a consultation with a qualified tax specialist would be advisable.

Third, make sure that you have no other options. Individuals selling their settlements often give up a large amount of their agreement in order to receive the lump sum payment up front.

Selling a structured settlement can work out for a select group of people but you should proceed with great caution. You should do your research and make sure you understand all pros and cons involved before proceeding with this type of transaction.

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Herminia Hayes

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2y ago
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13y ago

Nicholas II was the last Tsar of Russia born on 6/18 May 1868, shot by Bolsheviks with the rest of his family and some loyal staff on July 17 1918

His autocratic tendencies helped bring down the Romanov Dynasty and Imperial Russia, He was forced to abdicate the throne on March 2/15 1917

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13y ago

State departments in Russia were created by emperor Alexander I who ruled nearly one hundred years before Nicholas II. So Nicholas II had not one minister but a few and he changed them frequently especially in the last years of his reign. Most talented of them were Count Sergei Witte and Stolypin. One of the most notorious - Sukhomlinov, State Department for War.

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10y ago

Czar Nicholas II was the ruling Czar of Russia from 1894 to his execution by the Communists on July 18, 1918. Nicholas was of the Romanov family. He was a cousin of the German Kaiser and the king of England.

He ruled with an iron fist and was hated by many Russians. His regime was overthrown not by Lenin but by the Provisional Government. This was the government that Lenin overthrew.

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9y ago

Czar Nicholas II was the last Emperor of Russia. He was a Romanov, and the father of the famed Anastasia.

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15y ago

The last of the Romanov emperors of Russia, abdicated in 1917, executed in 1918.

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13y ago

He abdicated and in 1918, he and his family were shot.

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12y ago

He was the last of the Russian Tzars, inherited his reign from his father, Tzar Alexander III and failed to pass it onto his son, Alexis. He lost his reign during the 1917 revolution.

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Tsar Alexander III, Nicholas's father, was the leader of Russia before Nicholas II.


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