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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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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Companies Can Still Buy Structured Settlement Payments Part II

Buy Structured Settlement Payments 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 recogniz… Continue reading Companies Can Still Buy Structured Settlement Payments Part II

Happy Holidays

‘Tis the season for some to take offense when a store clerk says “happy holidays” instead of “merry Christmas,” or when a coffee chain converts to plain red cups for the holiday. The “war on Christmas” trope seems to surface with Black Friday sales, but who is actually at war? It is easy to imagine saying “merry Christmas” as another cudgel in the culture wars between Christians and the irreligious. The actual story, however, is much more nuanced. Public Religion Research Institute asked a nationally representative sample of Americans whether retailers should greet their customers with “happy holidays” or “season’s greetings” — rather than […]

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Using a Primary Market Annuity funds to fund a Secondary market?

Recently we have been seeing an increase in funds marked for a primary market annuity being used to purchase a secondary market annuity in an effort to obtain a better rate Continue reading Using a Primary Market Annuity funds to fund a Secondary market?

Companies Can Still Buy Structured Settlement Payments Part II

Buy Structured Settlement Payments 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 recogniz… Continue reading Companies Can Still Buy Structured Settlement Payments Part II

Companies Can Still Buy Structured Settlement Payments Part I

Companies Can Still Buy Structured Settlement Payments Part I   As much as legislation has helped claimants sell their structured settlement, some stiff restrictions still remain.  For instance, you cannot use your settlement as collateral for a loan.  Your settlement benefits are given to you on an income tax-free basis by the authority of Federal law.  If you need a loan, your next move would be to consider selling all or some of your benefits.   Associations like the National Structured Settlement Trade Association (NSSTA) frown upon the resale of structured settlements; they even discourage it openly on their website. […]

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The Georgia Structured Settlement Protection Statute

The Georgia Structured Settlement Protection StatuteSenate Bill 174 AN ACT: To amend Article 4 of Chapter 12 of Title 51 of the Official Code of Georgia Annotated, relating to damages in tort actions, so as to change provisions relating to prerequisites for transfer of structured settlement payment rights; to provide for court filings; to provide for hearings relative to transfers; to change provisions relating to notification of cancellation rights; to provide for related matters; to repeal conflicting laws; and for other purposes. Be it enacted by the general assembly of Georgia:SECTION 1.Article 4 of Chapter 12 of Title 51 of […]

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What is a Structured Settlement Attorney

What is a Structured Settlement Attorney? Well, let’s break it down, a structured settlement attorney is an attorney is one who only represents structured settlement cases. When most people think of a structured settlement case, they first think … Continue reading What is a Structured Settlement Attorney

HARVEST HOME OR THANKSGIVING?

HARVEST HOME OR THANKSGIVING? In a letter from “E.W.” (Edward Winslow) to a friend in England, he says: “And God be praised, we had a good increase…. Our harvest being gotten in, our governor sent four men on fowling that so we might after a special manner rejoice together….” Winslow continues, “These things I thought good to let you understand… that you might on our behalf give God thanks who hath dealt so favourably with us.” In 1622, without his approval, Winslow’s letter was printed in a pamphlet that historians commonly call Mourt’s Relation. This published description of the First […]

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