Structured Settlements: What is an Assignee?

An assignee is someone who has been named as the holder of a specific contract or granted rights in specific payments when they come due. In some cases, a contract holder is someone who was named as such when the agreement was initially set up. In other cases, the contract holder, beneficiary or assignee can change according to a legal agreement to buy, sell or otherwise transfer a contract.

Think of the assignee as the person “standing in the shoes” of the original person named in an agreement. For example, if the title on a piece of real estate is transferred into your name, you are the “assignee” in that regard. If there is an existing mortgage, you may hold the debt related to that real estate. If the property is owned free and clear, you would hold it as an asset (still paying property taxes, etc.)

Another type of assignee is someone who has purchased a structured settlement. In this case, the assignee is the person now getting the regularly scheduled payments from the party responsible for delivering the settlementmoney. As a structured settlement holder, you gain a set amount of regular income, but in some cases, you will want to sell your structured settlement and get a lump sum cash payment, and to do that, you need to change the assignee.


In a structured settlement sale, the structured settlement holder sells the contract to a structured settlement buying firm. The structured settlement buyer will then become the assignee. That company will start to receive the scheduled payments. The structured settlement buyer will typically give the previous structured settlement holder an amount of money that correlates to the value of those future payments. As a structured settlement holder, you may decide to sell your structured settlement for any number of good reasons such as these:

  • Buying a home
  • Funding education
  • Paying off debts
  • Paying medical bills
  • Home improvement
  • Buying a car

When you want to sell a structured settlement and get a lump sum payout, it’s important to choose the right buyer. A good structured settlement buyer will help you to get the most money that you can out of a settlement sale, and will help to make this process as smooth as possible. Structured settlement sales typically need legal approval, and an experienced structured settlement purchasing firm can make sure that your money is there for you when you need it. Essentially, the structured settlement buyer is stepping into the shoes of the previous structured settlement holder and taking over the contract.


At CBC, we have years of experience buying structured settlements from many different clients, in many different kinds of situations. Our caring, attentive staff will listen to your financial needs and keep you informed about how your structured settlement sale plan is going. We will help you to get the most out of your structured settlement. Let us help you with this important and detailed transaction to get the lump sum payout you need.

CisionWire (press release)
Structured Settlements: What is an Assignee?
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