by Structured Settlement Watchdog®
Cash Now for Structured Settlement is Not a Windfall
Not by ANY stretch of the imagination
The definition of the windfall in 4 dictionaries is “an unexpected, unearned, or sudden gain or advantage”. Metairie, Louisiana structured settlement cash now merchant Herman Woods and Associates states in an April 22, 2014 press release QUOTE UNQUOTE, “A financial windfall awaits those fortunate enough to hold structured settlement, annuities…” (emphasis ours)
A “This Way to The Egress” Moment
P.T. Barnum suddenly comes to mind. At one point, Barnum, the famous circus showman noticed that people were lingering too long at his exhibits. He posted signs indicating “This Way to the Egress”. Not knowing that “Egress” was another word for “Exit”, people followed the signs to what they assumed was a fascinating exhibit…and ended up outside.
So let’s get this “egress” straight…
- You have a structured settlement that is paying you a tax free stream of income.
- You transfer your structured settlement payment rights to Herman Woods and Associates for a discounted sum, contingent upon approval by a Louisiana judge, which could figuratively be characterized as a “windfall,” perhaps even imagined as inscribed in ruby red lipstick.
Louisiana has a Structured Settlement Protection Act
Why do you suppose that is?
In the immortal words of Jon Bon Jovi (paraphrased of course)
Shot to the heart and you’re to blame
You give “cash now” a bad name.
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