If you are facing a sudden emergency, opportunity, or another big life moment that requires a lump sum of money, it’s understandable to want to sell your structured settlement payments and receive cash as soon as possible. The timeline of the process is different for everyone.
If selling is the right decision, there are a few factors that can determine the speed of the process:
Depending on your home state, the transfer could take from 30 to 90 days. That’s because each state has its own transfer requirements, and some take longer than others. CrowFly will also need to collect all the required policy documents and background information to begin the process; the time this step takes to complete can vary based on seller responsiveness. In addition, it sometimes takes a while to get a court hearing to approve the sale.
While nothing can speed up the processes that directly involve the court (such as scheduling a hearing date), there are some things sellers can do to help get their money as soon as possible. For example, once you are sure that selling is the right move for you and your family, you can:
- Send all the necessary policy documents to CrowFly right away.
- Provide all requested background information, such as how much money is needed and why you need to sell your structured settlement payments.
- Fill out all paperwork in a timely fashion. A transaction navigator will be available to answer any questions that arise.
- Be available to appear in court for the scheduled hearing date.
These efforts help CrowFly as well as the judge and transfer attorney do their part as efficiently as possible.
If you are interested in finding out how much you could receive if you sell structured settlement payments, check out our free online calculator. You can also call 833-CROWFLY for a free, no-obligation discussion about your options, or visit crowfly.com/get-started.
A West Point graduate where he served as captain and military aviator, John Bair continues his commitment to our country through his efforts within the settlement planning industry. He has represented families of victims lost in the Flight 3407 crash, offered pro bono services to the families of 9/11 victims and drafted the first consumer protection bill for plaintiffs (H.R. 3699).