IF YOU DECIDE TO GO THROUGH WITH THE STRUCTURED SETTLEMENT TRANSFER The first thing you will need to do is prepare a written plan for the allocation of your structured settlement Continue reading IF YOU DECIDE TO GO THROUGH WITH THE STRUCTURED SETTLEMENT TRANSFER
The New Jersey Structured Settlement Protection Statute NEW JERSEY PERMANENT STATUTES TITLE 2A. ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE Current through P.L.2002, c.33 § 2A:16-63. Short title. This act shall be known and may be cited as the “Structured settlement Protection Act.” L.2001, c.139, s.1, eff. Aug. 1, 2001. § 2A:16-64. Definitions relative to structured settlements. For the purposes of this act: “Annuity issuer” means an insurer that has issued a contract to fund periodic payments under a structured settlement. “Dependents” includes a payee’s spouse and minor children and all other persons for whom the payee is legally obligated to […]
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The Alaska Structured Settlement Protection Statute House Bill No. 64 AK Statute §§ 09.68.200–09.68.230 “An Act relating to court approval of the purchase of structured settlements.” TEXT: BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: Section 1. AS 09.68 is amended by adding new sections to read: Sec. 09.68.200. Conditions to transfers of structured settlement payment rights and structured settlement agreements. (a) A transfer of structured settlement payment rights is not effective and a structured settlement obligor or annuity issuer is not required to make a payment directly or indirectly to a transferee of structured settlement payment […]
The Montana Structured Settlement Protection Statute Montana Senate Bill 122 Synopsis: An act regulating the transfer of a beneficiary’s structured settlement payment rights; requiring disclosure and approval of a court or responsible administrative authority prior to transfer; outlining obligations after a transfer; placing a condition on additional transfers; providing for jurisdiction and notice; prohibiting waiver of provisions; providing conditions for contingent payments; assigning responsibility for compliance; and providing an applicability date. Text: BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: Section 1. Short title. Sections 1 through 12 may be cited as the “Structured Settlement Protection Act”. […]
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Buy Structured Settlements 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 […]
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Structured settlement transfer is it a good idea? Structured settlements are future monies that have been awarded to you or a family member as the result of an accident or some Continue reading Structured Settlement Transfer is it a good idea?
Buy Structured Settlement Payments Companies Can Still Buy Structured Settlement Payments Part IV If you have sustained an injury that has rendered 100% loss of your body movement or half of your body or 100% loss of your vision or 100% loss of your he… Continue reading Companies Can Still Buy Structured Settlement Payments Part IV
Outlook for the life and structured settlements markets in 2016 February 2016 | 10QUESTIONS | FINANCE & INVESTMENT financierworldwide.com 78 FW speaks with Corwin Zass, the founder and principal of Actuarial Risk Management, Ltd, abou… Continue reading Structured Settlements in 2016
The Virginia Structured Settlement Protection Statute § 59.1-475. Definitions. For purposes of this chapter: “Annuity issuer” means an insurer that has issued a contract to fund periodic payments under a structured settlement. “Dependents” include a payee’s spouse and minor children and all other persons for whom the payee is legally obligated to provide support, including alimony. “Discounted present value” means the present value of future payments determined by discounting such 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. “Gross […]
Companies Can Still Buy Structured Settlement Payments Part IV If you have sustained an injury that has rendered 100% loss of your body movement or half of your body or 100% loss of your vision or 100% loss of your hearing, and has made it literally impossible for you to be employed for the rest of your life, then you will want to reconsider selling even one payment of your structured settlement benefits. Not all injuries are like that. A large percentage of permanent disabilities from injuries are such that, eventually, you will be able to work again and […]
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