For many years my Grandmother battled many issues with her legs. Primarily her ankles. When she was growing up there weren’t any control-top kind of sneakers and based on this lack of support, she got to the point where her foot was basically dangling off her ankle because that particular bone was on the floor in place of her natural arch.
This means nothing but pain for anyone who has to deal with it, and even now all they can offer you is orthodics. She went in for surgery to try to have the bones reset to where they were supposed to be. The doctor, a very cocky man, didn’t pay close enough attention and managed to not even knick, but sever a few important nerves in her leg and failed to even attempt at reattaching them. Her legs are worse now than they ever were in the past and naturally a pretty hefty lawsuit followed. Months of going back and forth with a man that doesn’t seem to care very much was difficult for everyone involved (except for him of course). She won the case, and now she’s been working with a Structured Settlement that’s barely covering her medical bills at this point. She’s been interested in a lump-sum payment but the hospital refuses, claiming a lack of funds. I don’t consider $200,000 on a facility that throws away 2.5 million in WASTE every year to have a lack of funding but hey, that’s just my take on it.
There are many different facilities where you can go to turn your Structured Settlements into Lump Sum Cash because there really is no point in waiting to get your life back together. It’s also dependent upon age for me, I would assume that someone in their 60’s isn’t going to blow their money on cars and electronics, there are more important bills to pay – especially if you’re like my grandmother and need to work 7 days a week in order to maintain 3 businesses, on top of the one that your husband has been running for the last 25+ years.