If you have a structured settlement that you’d like to sell for a lump sum of cash now, you absolutely shouldn’t go it alone. The process can be complicated, and you need to make sure you’re getting the best deal and that your rights are protected. You need a lawyer, but how do you find the right one?
Ask Around. Try asking friends, family, or coworkers if they know someone who’s been in your shoes. Find out which lawyers they used – hopefully with a good result. This will give you a list of names – a good starting point for your search.
Just keep in mind that this is only the beginning. If the referrals you’re getting are to lawyers who specialize in an unrelated area of the law, they won’t be much help. A company that’s approached you to buy your structured settlement is also not a good source for a referral. And while your family may really want you to hire a relative or family friend who just happens to be a lawyer, that’s probably not a good choice, either. You need someone independent, objective, and qualified.
Referral Services. In addition to personal referrals, you can go online. Any Internet search will yield numerous legal referral services. Every service is different, but most will let you narrow your search by the attorney’s area of expertise. A lawyer who lists finance, contracts, business law, or the like might be a good fit. If the attorney’s education and years of experience are listed, too, consider them. Start making a list of prospective contacts.
Bar Associations. Once you’ve narrowed down your list of prospective attorneys, check to see if they are members in good standing with their bar association – you can also do this online. Bar associations’ websites may also show whether the attorney has been disciplined in the past.
Ask Questions. Once you’ve got a list of names that you think have the right background to help you, start asking questions. Arrange for a consultation to ask about qualifications in person. Has the attorney ever handled the sale of structured settlements? How many? How will she make sure your rights are protected? How will he keep you updated on the status of your case? How long does it usually take to complete the sale?
Most importantly, determine your comfort level with the attorney – this doesn’t necessarily mean that you like this lawyer, but whether you are confident in his/her ability. You need an advocate, not a friend. Trust your gut. If you don’t feel like you’re in good hands at the beginning, that likely won’t change – go to the next name on your list.
If you need help selling your structured settlement, annuity or lottery payments,
contact us today. We are here to answer your questions and help you obtain the
highest possible price for your payments.
