As part of the Financial Literacy Moments of 2010 Series, in this blog post John Darer takes on misinformation about structured settlement liquidity posted on a prominent structured settlemnt industry website which states:
"Can I restructure my payments into a lump sum? THEN ANSWERS
Again, the federal law that assures the payments you receive are on a tax-free basis, also prohibits converting your payments into a lump sum."
The series of Q&As on the websites also provides further inaccuracy:
"...the federal law designed to provide these benefits to you on an income tax-free basis also prohibits you from assigning or encumbering them".
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