If you have a structured settlement, you may have been approached by a company interested in purchasing your settlement, or may be curious about selling your settlement in return for a lump sum buyout. Maryland has enacted laws that strictly govern the sale of structured settlements. Companies that buy structured settlements intend to profit from their purchase, and most times their offers are quite low. You may benefit from approaching more than one company in relation to the sale of your settlement, to make sure that you obtain the highest payoff. Maryland law also requires that you—and it is usually a good idea to–consult with a lawyer before entering into an agreement to sell your settlement.
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We pride ourselves on educating you about your rights, as well as current Maryland State law and regulations. The legal issues you may be facing in your claim of your structured settlement are best assessed on a case-by-case basis. Call us today for your initial free consultation at (410) 539-0042