What are the eligibility requirements for selling a settlement?

To sell a settlement with J.G. Wentworth, an individual typically must meet specific eligibility criteria established by the company. Primarily, the person must be the recipient of a structured settlement or an annuity. Additionally, the claimant should have reached legal adulthood, which is usually eighteen years of age or older, although in some jurisdictions, this may vary. The individual will need to provide documentation that verifies their ownership of the settlement payments, as well as any relevant legal endorsements or agreements that confirm their right to sell the settlement. Furthermore, it is common for the individual to undergo a review process where the terms and value of the settlement are assessed. This process ensures that the sale is in the best interest of the seller, as courts often require that structured settlements be sold for legitimate financial reasons. Lastly, individuals should understand that selling a settlement may have financial implications, including potential tax consequences. For the most accurate and detailed information regarding specific eligibility requirements, it is advisable to visit the current web page for J.G. Wentworth or consult with an expert in this area.