Q: Can I transfer my structured settlement to someone else?

Can my structured settlement payments be assigned to someone else?

A:  You cannot directly transfer your structured settlement to someone else. However, you may be able to sell your structured settlement payments, either partially or entirely, and provide some of the lump-sum payment to the person you want to transfer the funds to. Keep in mind that selling a structured settlement typically requires court approval and should be considered only after exhausting all other financial options.