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is there a max amount to accepting lump sum?

if I were to get a settlement offer of 2.8 million.

is it possible to get the entirety of the 2.8 million in a check? or is there a max you can accept, thus forcing you to create a structured settlement?

what would the max be? like $250,000? or 1 million? or does it depend on the settlement amount itself?

(not interested in advice as to "its better to get structured you should get structured")

that is not the question. the question is if there is a max to a lump sum you can receive, if so, what is the max?

4 Answers

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  • Anonymous
    9 months ago
    Favorite Answer

    There could be some taxes involved, depending upon the reasons of the payment, but there is no maximum amount of money for a lump sum payment. It is whatever is offered in the form offered. If this is a legal settlement, it may go through your attorney to get his/her cut first, and any advances or billings recovered off the top.

  • ?
    Lv 7
    9 months ago

    If you are offered a lump sum and accept you will get the lump sum (after taxes, if any).

  • 9 months ago

    There is no "maximum" beyond the terms of the settlement. Ask your attorney about proposed settlement details.

  • Ray J
    Lv 7
    9 months ago

    Call JG Wentworth.

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