Companies Can Still Buy Structured Settlement Payments Part II Companies that buy structured settlements have to put up with a lot to exist and do what they do. Despite the fact that these companies are now recognized in the structured settlement industry and legislation has been put in place for them to conduct their business in an ethical way, associations like the National Structured Settlements Trade Association (NSSTA) still openly discourage claimants from even considering selling their structured settlement payments. Like we said in the Part I of “Companies Can Still Buy Structured Settlement Payments”, we understand the impetus […]
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Structured Settlement Attorney As it pertains to the transfer of structured settlement transfers:Jurisdiction, Venue, and Forum: What’s the Difference and Why it Matters In transfers of structured settlement law, if the payee is domiciled in California at the time the transfer agreement is signed, the forum or jurisdiction, and the controlling law will be in a court inside California. If the venue, (the place where the accident happened to the payee), was out of the state […] Continue reading Structured Settlement Attorney
Article 2.3 Transfers of Structured Settlement Payment Rights Tax Liability to Whom? Stepping into the Shoes of the Third Party Beneficiary California Insurance Code says if your the person “stepping into the shoes of the third party beneficiary” (assignee), you share the tax liability, if any, with the transfer company and you both are liable to the structured settlement obligor, and to the annuity issuer, if the transfer does not comply with California Insurance Code 10134-10139.5 OR if the transfer company and the assignee individually or both are noncompliant. 10139.3(d) states, “The transferee and any assignee shall […]
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Recovering Lost Settlement Paperwork: Learn how to find lost paperwork! According to the National Structured Settlement Trade Association (NSSTA), if you’ve lost your structured settlement paperwork: not to worry! “Normally, if you have misplaced your paperwork, a copy can be obtained from a variety of sources. Contact the company that is responsible for administering your payments, your attorney, the company that settled your case, or the broker that assisted you with the […] Continue reading Recovering Lost Settlement Paperwork
From time to time we run across articles that we believe are well written, and not just for advertisement. When we do find such articles we like to share them with our readers. this is one of those articles we found, written by an attorney, and seems to be on the mark when it comes to talking about independent professional advice. Guardians Ad Litem Are Not Independent Professional Advisors The sale of a structured settlement to a factoring company will involve a court proceeding. I […] Continue reading Court appointed Guardians Ad Litem Are Not Independent Professional Advisors;
The Oregon structured settlement protection statute Ch. 173 S.B. no. 645 Annuities–structured settlement rights An act relating to transfers of structured settlement rights. Be it enacted by the people of the state of Oregon: Section 1. As used in sections 1 to 6 of this 2005 act: (1) “Annuity issuer” means an insurer that has entered into a contract to fund periodic payments under a structured settlement agreement. (2) “Obligor” means a party that has a continuing obligation to make periodic payments to a payee under a structured settlement agreement or an agreement that provides for a qualified assignment as […]
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. Block 17.4 Article 2.3 Transfers of Structured Settlement Payment Rights Annuity Issuer and Structured Settlement Obligor Not Required to Divide Payments 10139.3(e) states, “Neither the annuity issuer nor the structured settlement obligor may be required to divide any structured settlement payment between the payee and any transferee or assignee or between two or more transferees or assignees.” Who then divides the money? Does the structured settlement obligor or the annuity issuer ever divide the money? Did something bad happen in the past that they can’t divide the money? Do they have motive? What is this law […]
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-THE LEGAL REALITIES OF Selling an Annuity or Structured Settlement for “CASH NOW” We have all seen the commercials: “It’s my money, and I want it now!” – Or: “It’s Continue reading “CASH NOW” IS NOT “CASH NOW”
Structured Settlement Loans Facts on Why Structured Settlements are Not Used as Collateral for Bank Loans: You Can Try, It’s Not Against the Law For a thorough explanation on this matter; Continue reading Structured Settlement Loans
Structured Settlement Expert Advisor for Investors Allan S. Roth, founder of Wealth Logic, an hourly-based financial-planning firm in Colorado Springs, noted in the Wall Street Journal on November 23, 2012 that he Continue reading Structured Settlement Expert Advisor for Investors