Structured Settlement Attorney

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

Annuity Issuer and Structured Settlement Obligor

. 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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Most Misunderstood Legal Courthouse Terms D-F

4 Article 2.3 Transfers of Structured Settlement Payment Rights Most Misunderstood Legal Courthouse Terms  D-F   Deadlocked – When a jury cannot reach a verdict due to irreconcilable differences of opinion.  The fact that a jury has ben deliberating for several days does not mean that the jury is deadlocked Declaration – A written statement made by witnesses, not under oath, subjecting them to perjury for its violation Default Judgment – A judgment entered after failure of a party to appear, or plead, or take some required step in a case at the appointed time Demurrer (de’-M’er) – A challenge […]

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Ohio Structured Settlement Protection Act

Ohio Structured Settlement Protection Act § 2323.58 Definitions. As used in this section and sections 2323.581 [2323.58.1] to 2323.587 [2323.58.7] of the Revised Code: (A) “Annuity issuer” means an insurer that has issued an insurance contract that is used to fund periodic payments under a structured settlement. (B) “Applicable law” means any of the following, as applicable in interpreting the terms of a structured settlement agreement: (1) The laws of the United States; (2) The laws of this state, including principles of equity that are applied in the courts of this state; (3) The laws of any other jurisdiction if […]

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CONCERNING STRUCTURED SETTLEMENTS

CONCERNING STRUCTURED SETTLEMENTS Connecticut Senate Bill: 1059 Synopsis: AN ACT CONCERNING STRUCTURED SETTLEMENTS. Text: Be it enacted by the Senate and House of Representatives in General Assembly convened: Section 1. (NEW) (Effective October 1, 2003… Continue reading CONCERNING STRUCTURED SETTLEMENTS

Structured Settlement Trying to Sell?

Independent Professional Advisor

By AFG Newswire Sept. 17, 2014 9:08 p.m. Still Need Your Structured Settlement for the Future; Yet Trying to Sell?  If you are in this position, the best advice is to Continue reading Structured Settlement Trying to Sell?

Your Transfer of Payment Rights

Block 17.1 Article 2.3 Transfers of Structured Settlement Payment Rights   Forget About Signing Any Waiver for Your Transfer of Payment Rights:  This Contract You Don’t Control   10139.3(a) None of the provisions of this article may be waived by the payee.   Do you notice how 10139(a) states “this article”?  That means this entire code, not just the transfer agreement, or just the disclosure statement within the code, but the entire code itself, CA Insurance Code 10134-10139.5 cannot be waived by the payee.   The person selling the structured settlement payment rights, cannot deliberately abandon any terms of the […]

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Structured Settlement Attorney for the Primary Market 2

it is the primary market in which your structured settlement was issued to you.  at a time when the court system is already over burdened, there is no time and there has not been any time to go back and re-write the rules that govern structured settlements in the primary market to benefit you.  Unfortunately, it is not all about you in the eyes of the court.  To the Law Offices of Eugene Ahtirski, it is all about you. the rules that for structured settlements are rigid with no flexibility.  your life changes, but the rules do not.  it is […]

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Buyer’s first right of refusal

By AFG Newswire Sept. 14, 2014 11:00 a.m.   What is Meant by “Buyer’s first right of refusal” in Structured Settlement Transfers   This is a clause written in the insurance code around 1999 under “urgency legislation” by Congress in an effort to protect the consumer.  Be grateful it is in the code, it protects you, and gives you the freedom to do business with whomever you want.   Before 1999, and for about 20 years, when a person would enter into contract with a Company, for example, Company “A” to sell part of their structured settlement, Company “A” would […]

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Seek independent professional advice

Seek independent professional advice If you are contemplating the sale of all or part of your structured settlement payments you should contact a settlement planning professional or a financial planner familiar Continue reading Seek independent professional advice