Did you know that you don’t have to sell all of your structured settlement payments in order to receive a lump sum of money? If you have money being paid to you in a structured settlement but circumstances change, you have a lot of options. You could sell all the payments and cash out the annuity or you could sell a portion of the payments to get just enough money for what you need now. Say that your annuity is going to pay you $2000/month for 10 years (a total of $240,000). Your mother is getting older and can no longer live in her home so she’s going to be moving in with you. You don’t have enough room and need to add an addition onto the back of your home. Obviously you need to pay for this upfront but you don’t have enough saved away for this right now. You need around $50,000 for the construction of the addition, so your best option may be to sell only enough payments to receive the money needed at the present time. This way, you have enough money to fix up the house now but you’re going to receive the rest of your structured settlement payments later. Keeping the remainder of the payments structured and having them paid to you later is a great option for future expenses.