Structured settlements are annuities. Annuities grow faster when interest rates are higher. There are “fixed” and “variable” annuity rates. If you were issued a “fixed” annuity, this means there was a stated interest rate at purchase, and it’s guaranteed to stay at the same rate. This type of annuity will not be so affected by the rise in the Federal Interest Rate. If you were issued a “variable” annuity at purchase, this means the terms can change. In oth […] Continue reading Federal Interest Rate Rise vs. Structured Settlements
When the Independent Professional Adviser is Written Out of the Contract by an Unwary Transfer Company This results in a denial to your petition Unfortunately, this happens today, as current as Continue reading When the Independent Professional Adviser is Written Out
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! 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!
How a Lawyer is Critical to the Process of Considering Selling Your Structured Settlement in California Before 2010, if a defendant was court ordered to buy an annuity in court to Continue reading Selling Your Structured Settlement in California
Millions of Structured Settlements Every Year In 2013 there were 4,628 fatal work injuries nation wide, according to results from the Census of Fatal Occupational Injuries (CFOI) conducted by the Continue reading Millions of Structured Settlements Every Year
PART I of IV of §10135. “Transfers governed by article; Requirements There are three (3) types of transfers governed by Article 2.3, §10135 and there are two (2) requirements in this Continue reading PART I of IV of §10135. “Transfers governed by article; Requirements
The First Thanksgiving at Plymouth by Brownscombe “Our harvest being gotten in, our governor sent four men on fowling, that so we might after a special manner rejoice together.” – Edward Continue reading The First Thanksgiving at Plymouth
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 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 […]