Filing Structured Settlement Transfer

Block 16.4 Article 2.3 Transfers of Structured Settlement Payment Rights   OAG May Charge for Filing Structured Settlement Transfer Agreement   California Insurance Code 10139(c) simply states, “The Attorney General may charge a reasonable fee fo… Continue reading Filing Structured Settlement Transfer

IF YOU ARE A SELLING A STRUCTURED SETTLEMENT – YOU NEED TO READ THIS!

IF YOU ARE A SELLING A STRUCTURED SETTLEMENT – YOU NEED TO READ THIS! Regardless of how simple the TV commercials and web-ads make it sound, any sale of a structured settlement requires Court Approval! What this means is that if you are thinking of a selling your structured settlement, you must first go to court and get a judge to approve the sale. More important, the judge must also make the decision that selling your structured settlement is in your best interests, or the sale of your structured settlement payments will be denied. Fact, this is true no matter […]

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IF YOU ARE A SELLING A STRUCTURED SETTLEMENT – YOU NEED TO READ THIS!

IF YOU ARE A SELLING A STRUCTURED SETTLEMENT – YOU NEED TO READ THIS! Regardless of how simple the TV commercials and web-ads make it sound, any sale of a structured settlement requires Court Approval! What this means is that if you are thinking of a s… Continue reading IF YOU ARE A SELLING A STRUCTURED SETTLEMENT – YOU NEED TO READ THIS!

The New Mexico Structured Settlement Protection Act

The New Mexico Structured Settlement Protection Statute N. M. S. A. 1978, § 39-1A-2 § 39-1A-1. Short title This act may be cited as the “Structured Settlement Protection Act”. § 39-1A-2. Definitions As used in the Structured Settlement Protection Act: A. “annuity issuer” means an insurer that has issued a contract to fund periodic payments under a structured settlement; B. “court” means: (1) the court of original jurisdiction that authorized or approved a structured settlement; or (2) if the court that authorized or approved the structured settlement no longer has jurisdiction to approve a transfer of payment rights under the […]

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The Maryland Structured Settlement Protection Act

The Maryland Structured Settlement Protection Statute MARYLAND CODE COURTS AND JUDICIAL PROCEEDINGS Current through 2001 § 5-1101.(a) In this subtitle the following words have the meanings indicated. (b) “Discounted present value” means the fair present value of future payments, as determined by discounting payments to the present using the most recently published applicable federal rate for determining the present value of an annuity, as issued by the United States Internal Revenue Service. (c) “Independent professional advice” means advice of an attorney, certified public accountant, actuary, or other licensed professional adviser: (1) Who is engaged by a payee to render advice […]

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Buying Structured Settlements

Buying Structured Settlements Buying of structured settlements in the secondary market has been a booming business that has until of late been relatively a top-secret need to know topic. What are you buying? Well, you are buying a future payment stream. usually as an award of the court for some sort of personal injury settlement. Where the settlement was invested in an annuity to provide for a larger payment over time. Now you aren’t buying the payments at face value, in fact; the IRS has a calculation that is used to figure out what that future payment is valued at […]

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