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Sunday, 24 June 2012

Are Structured Settlements Really the Jackpot That They Are Made Out to Be? - Just think about this for a good five minutes. Do you think a person is going to give you a large sum of money without any strings attached?

Why is he being so good to you? Is it because he is quite convinced that you are this very unlucky guy who has been getting the wrong end of the stick for a very long time? Or is it a fact that you are so innocent looking that he wants to make sure that you get a sum of half a million dollars! Boy, oh boy! Tell me about it! I really don't think he is doing all this just for you. Considering the fact that he is an attorney, I am sure he knows all the pros and cons (and anything else in between) that needs to be known about Structured Settlements and how they really work.

All this info is coming your way because there are quite a few people who have been up this very lane, in the recent past. There have been cases where Structured Settlements have been negotiated by smartass lawyers who for all practical purposes were wolves in sheep's disguise. It is a very frustrating and low thing to do, when you succeed in taking someone for a ride. There was a case of a lawyer who was smart enough to convince his client that the financial services firm that he spoke of so highly was a front for his own organization. He told the poor guy that he had nothing to do with the firm and that he would put in a word on the client's behalf and ensure that the Structured Settlements were done as smoothly as possible. The guy being as gullible as a child fell for the ploy, hook, line and sinker. It was a disaster because he ended up making the lawyer doubly rich. The clever dude in black robes had got his fees as a lawyer and also ensured that he got a good cut out of the money that was invested in the financial services firm. There was nothing that could be done. This was because the client had trusted his legal advisor to such an extent that he did not realize that his money would be used to fund the expenses that his lawyer incurred.

This was more of a series of fractured settlements than Structured Settlements made. Unfortunately, when the client woke up to the situation, it was too late. This was something akin to a person rocking the cradle on the one hand and pinching the baby (hoping it would cry), on the other. A sad situation for the client; but, one that cannot be helped! Today, the guy is a lot wiser than he was on that fateful day on which he signed up his so called 'legal advisor.' There is no way he will make a similar mistake again.

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