Non-Qualified Annuity, Claim Settlement, Structured Settlement Payout, and Tax-Free Future Payments in Jersey City
You may have heard about structured settlement payments in Jersey City, NJ, and you might even be the recipient of one. They provide a great option for tax-free future payments, and our team at Settlement Funding Associates can assist with making that happen with your claim. There are many different kinds of structured settlement that they can help with, including:
- Medical Malpractice Structured Settlement
- Personal Injury Structured Settlement
- Workers Compensation Structured Settlements
- Wrongful Death Structured Settlements
- Claim Settlement
- And more
Contact us today so that we can help get you the right structured settlement annuity. In some cases, you may have a non-qualified annuity, and we can explain that as well to help you plan accordingly.
Structured Settlements in Jersey City, NJ
A structured settlement isn’t a phrase that many people hear very often. It is a form of payment that typically comes from a claim settlement or a court judgment. Rather than pay a lump sum of money, instead as part of the settlement of the case the plaintiff will receive periodic payments over a specified period of time.
Often these structured settlements result in tax-free future payments, but there is also a non qualified annuity where the recipient must pay taxes on the proceeds that they receive each year.
Structured Settlement Payments and Attorney Fee Structured Settlement in Jersey City, NJ
You have likely heard about attorneys that don’t charge a fee unless the plaintiff wins. This is commonly referred to as a contingency option, and when attorneys do this they are eligible to have their fee put into an attorney fee structured settlement.
This provides them with a steady income rather than dealing with the ups and downs of legal fees, etc. There are numerous structured settlement payments that you could have with your structured settlement in Jersey City, NJ, and when you contact us at Settlement Funding Associates, we can help provide you with options and details for your structured settlement.
Jersey City, NJ
Jersey City was a dock and manufacturing town for much of the 19th and 20th centuries. Much like New York City, Jersey City has always been a destination for new immigrants to the United States. In the late 1880s, three passenger railroad terminals opened in Jersey City next to the Hudson River (Pavonia Terminal, Exchange Place and Communipaw). The railroads transformed the geography of the city by building the Erie Cut as well as several large freight rail yards.