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November 29, 2011
Lottery Taxes
Lottery taxes are the downside of winning large sums of money or valuable prizes in state and national games. One thing is certain. If you don't pay the IRS the tax man will be knocking on your door. Just ask Richard Hatch, winner of the reality show Survivor.
If you don't pay lottery taxes when they're due, you'll end up owing the IRS even more. They can assess late fees, penalties, and interest that continuously accrues until it reaches maximum level.
The first thing jackpot lottery winners should do is talk to a financial planner or tax accountant. They could also arrange a meeting with the IRS. The point is to get professional help and eliminate the risk of making costly mistakes.
Real Estate Investing article on "Lottery Taxes "
June 14, 2011
Inherited Wealth
People often dream of inherited wealth and fantasize about all the things they would do with the money. Most people talk about buying a mansion, cruising around the world in a yacht, taking lavish vacations, and engaging in shop-a-thons. While it can be fun to indulge in material things, the smarter thing to do is make investments to expand wealth.
Inherited wealth usually arrives in the form of inheritance from a deceased relative. However, large sums of money can also be awarded through lawsuits, financial investments, real estate investing, and lottery winnings.
Real Estate Investing article on "Inherited Wealth "
March 05, 2010
Cash Notes for Sale
Cash notes for sale are a type of investment product consisting of legal contacts for land, property, business assets and financial notes. Cash notes are secured by real property or legal tender that can later be sold for profit.
A variety of cash notes for sale exit. The most common include: real estate notes and land contracts, seller carry back trust deeds, structured settlements and annuities. Investing in cash flow notes can be profitable for investors that engage in due diligence and understand the process involved.
Real Estate Investing article on "Cash Notes for Sale"
December 04, 2009
Annuities
Annuities are financial contracts made with an insurance company. Policy holders agree to contribute either a lump sum payment or series of payments in exchange for periodic payments to be returned immediately or at a later date. In essence, annuities are similar to a savings account. Funds are contributed, interest in accrued and annuity payouts are distributed according to terms outlined when the account is established.
One benefit of establishing annuities is they allow Annuitants to obtain tax-deferred growth of earnings. Most annuity agreements allow Annuitants to establish beneficiaries to receive future payments if the Annuitant dies before the policy expires. Annuities can also be established to pay only the Annuitant or divide funds amongst dependents.
Real Estate Investing article on "Annuities"
November 27, 2009
Purchase Structured Settlements
In order to purchase structured settlements in the U.S., investors and annuity brokers are required to adhere to state and federal regulations. Structured settlements are established to provide long-term income to individuals who have been injured due to the neglect of another. Injury settlements are often arranged for victims of automobile accidents, medical malpractice or workman's compensation injuries.
Approximately 75-percent of U.S. states prohibit the purchase of structured settlements. States allowing the sale of annuity payments require Annuitants to obtain court authorization. Since annuities are primarily used to provide funds for ongoing healthcare expenses or replace income lost for injuries resulting in disability, courts are reluctant to allow Annuitants to sell forthcoming payments.
Real Estate Investing article on "Purchase Structured Settlements"
September 17, 2009
Cash for Annuity Payments
Cash for annuity payments can be received by selling structured settlements to a cash flow note investor. Private investors and investment groups provide lump sum cash payments in exchange for assignments of annuity payments. However, it is important to understand how this type of transaction works before entering into a contact. It is even more important to scrutinize the company offering to buy structured settlement annuity payments.
Obtaining cash for annuity payments can be a complex process. In some states, the sale of structured settlements requires court approval. Therefore, it is best to consult with a professional note buyer such as Simon Volkov or a structured settlement attorney.
Real Estate Investing article on "Cash for Annuity Payments"
August 10, 2009
Annuity Payment
Annuity payment refers to monetary compensation which is paid out over a specified period of time. Often referred to as 'structured' payments, annuities generally stem from insurance settlements or jackpot lottery winnings. Individuals entitled to annuity payments are known as the 'Annuitant'.
When an annuity payment is provided through an insurance company, they are referred to as structured settlements. This type of transaction occurs when the Annuitant is compensated for injury or illness which was caused by the negligence of another. Structured settlement annuity payments are tax-free.
Real Estate Investing article on "Annuity Payment"
March 28, 2008
"Types of Structured Settlements"
Structured settlements have been utilized in the United States as an alternative to lump sum cash payments for more than 30 years. Essentially, structured settlements are a financial arrangement used to compensate individuals who have been injured due to the negligence of another person or organization.
Oftentimes, structured settlements are used when an individual is awarded a large sum of money. Instead of paying one large payment, smaller payments are made over a period of time. These payments may be issued monthly, quarterly, semi-annually or annually.
Real Estate Investing article on ""Types of Structured Settlements""
September 13, 2007
Structured Settlement Company
A structured settlement company is an organization which assists individuals who have been seriously injured. They work with both claimants and defendants to negotiate compensation plans for the injured party.
Most structured settlement companies employ consultants who have specialized backgrounds. Staff members consist of individuals well-versed in Worker's Compensation, medical malpractice, law, finance, casualty claims and commercial liability.
Real Estate Investing article on "Structured Settlement Company"
September 04, 2007
How Structured Settlements Work!
A structured settlement is essentially a financial agreement between an insurance company and an individual. Typically, they are used when a person has been injured in an accident, at their workplace, or through medical negligence.
Instead of a lump sum payment, structured settlements provide periodic payments for a fixed amount of time. These payments might consist of equal installments, installments of varying amounts, or an upfront lump sum payment with periodic payments to follow. Structured settlement payments might be paid for a short duration or continue for the remainder of the claimant's life.
Real Estate Investing article on "How Structured Settlements Work!"
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