| Many of us today look forward to convert a | | | | interests of their kith and kin such as buying |
| fixed amount of monthly payment or annuity | | | | expensive cars, homes, etc. |
| payments into a considerable sum of money and | | | | They turn to business friends for advice and on |
| use this to get rid of existing debts or some sort | | | | their behest invest in diversified businesses that |
| of financial shortcomings. Although this may seem | | | | seem very profitable upfront but turn out to be |
| a very attractive thing to do, it is not advisable. | | | | utter failures in no time. |
| Some countries such as the United States of | | | | Driven by greed and want of more money within |
| America encourage long term payments by law. | | | | a short span of time, these people spend in |
| Most of the countries have legalized paying out | | | | betting, casinos, horse races, etc and waste their |
| lottery winnings in a single disbursal of lump sum | | | | money in more ill ways than one. |
| amount. However, most of the lottery winners fail | | | | Apart from the above self-inflicted ways of |
| to retain the money and lose them as soon as | | | | ruining the money earned, there are also cases of |
| they earn it. | | | | extortion from underworld, relatives becoming |
| This is because of the following reasons: | | | | greedy and apply emotional pressure to extract |
| People who are not used to owning lump sum | | | | more cash, etc also happens in some cases. |
| amounts of money are particularly aware of how | | | | Hence, owing to the above cited circumstances it |
| to manage it. They fail to invest the money | | | | is always advisable not to prefer one-time lump |
| wisely and end up spending in unwanted stuff | | | | sum amount of money against a structured form |
| carelessly. | | | | of period and regular settlement scheme in the |
| Ordinary people choose high risk investments | | | | offing. This is more applicable especially when the |
| while investing the overwhelming amounts of | | | | person who has won the lottery or sweepstake |
| money earned through luck such as winning a | | | | is a disabled or a handicapped person. Availing for |
| lottery. They ignore the safety and security | | | | the structured form of settlement would ensure |
| offered by low-yielding investments such as fixed | | | | enough finances to fund the treatment of the |
| deposits or mixed portfolios thereby losing all the | | | | person's disability or handicap. |
| money that they earned within months. | | | | If you want, you can download Living Trust |
| Such people become over-generous and start to | | | | Forms for your own living trust writing in order to |
| give out money to relatives and friends in need, | | | | save money on taxes or set up long term |
| buying their children property or giving away | | | | property management plan. |
| money for small businesses, yield to materialistic | | | | |