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Options for Lawsuit Settlement Winners Receiving Periodic Payments > NetSparsh - Viral Content you Love & Share

Options for Lawsuit Settlement Winners Receiving Periodic Payments

On January 22,2002, President George W. Bush signed into law a bill that protects individuals who must sell their structured settlement payments to meet unplanned financial needs. H.R.2884
Victims of Terrorism Tax Relief Act of 2001 (Signed by the President January 22,2002))

Under a structured settlement, a lawsuit plaintiff will not receive compensation in one lump sum but will receives a periodic stream of payments according to the terms of the structured settlement. This bill makes it mandatory for individuals to seek court approval when they sell their structured settlement payments to meet some urgent financial need.

Sometimes circumstances in life arise for individuals who are receiving a structured insurance settlement. Now they are in a position to consider selling all or a portion of their scheduled payments in exchange for a lump sum of cash upfront. Researching and exploring for the best deals available will definitely prove beneficial to the individual who is selling their insurance settlement. Big picture wise, don't rush, be sure to do your homework before selling a structured settlement and find out what the best terms and options are available from a buyer of structured settlements.

Some quick tips when searching for a settlement buyer:

1. Call around and compare information and rates
2. Check your top option with the Better Business Bureau
3. Consult an attorney, financial planner, and/or tax advisor
4. Ask Questions

Since your future and plans are at stake, acquiring necessary knowledge and information well in advance, is a simple matter of common sense.

Jason M Rigler

National Director

Prosperity Partners

In The News:

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Yahoo Finance

Undisclosed, lavish trips are creeping into the injury settlement business
Yahoo Finance
Income for injury victims who received structured settlements have a special tax-free status, thanks to bipartisan legislation from the Reagan era. They also have blessings from plaintiff and defense bars and judges, which often consider them to be ...

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Legal Examiner

The Evolution of the Structured Settlement Industry
Legal Examiner
Buying an annuity, and having the right to the payments due under a structured settlement annuity, is legal in all 50 states. The Structured Settlement Protection Act of 2002 paved the way for a court order process, as well as for the official ...

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Business Wire (press release)

Foresters Financial and Financial Horizons Group Donate Employment Kits to Operation Stand Down in Tennessee
Business Wire (press release)
Financial Horizons Group is a leading, national, Canadian-owned and operated Managing General Agency (MGA) that offers a comprehensive selection of life/health insurance, employee benefits, pensions, investments, structured settlements, and risk ...

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CFO Magazine

No More Tax Deductions for Bad Actions
CFO Magazine
That means settlements may be structured with this in mind, to consider limiting the amount that would not be deductible. For example, say a company is facing an employment enforcement action where a state labor agency claims that the workers were not ...

and more »


Will 3M write-off its $850M settlement?
Steve Warren, a CPA with Schechter Dokken Kanter, said that amount of savings is realistic—even conservative—due to the language in the settlement. “Generally speaking, if you call it a grant, and it is used to fix a problem, then it will normally be ...

and more »

Legal Talk Network

A Unique Approach to Chronic Pain Management and Addiction Recovery
Legal Talk Network
... in the Northeast.... Protecting the futures of injured parties while offering win-win solutions is Ringler's core mission. Like Ringler, Adva-Net is leading the cause. In this Ringler Radio podcast, host Larry Cohen and co-host, Duke Wolpert talk ...

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Jaffetilchin Investment Partners Has Increased Activision Blizzard (ATVI) Holding; Asta Funding (ASFI) Has 0.43 ...
Asta Funding, Inc., together with its subsidiaries, engages in the consumer receivable business in the United States. The company has market cap of $27.82 million. The firm operates through four divisions: Consumer Receivables, Personal Injury Claims ...

and more »

The Ledger Gazette

Asta Funding, Inc. (ASFI) to Issue Special Dividend of $5.30
The Ledger Gazette
Asta Funding logo Asta Funding, Inc. (NASDAQ:ASFI) declared a special dividend on Wednesday, February 7th, Wall Street Journal reports. Investors of record on Friday, February 16th will be given a dividend of 5.30 per share by the business services ... (press release)

The Possibility of Settling Denied Arizona WC Claims is Off the Table; SB 1100 Transmitted to the House in Amended ... (press release)
As we noted last year, in our post “Settling a Case in Arizona? What You Need to Know About Full & Final Settlements,” Arizona enacted Senate Bill 1332 (SB 1332), allowing permanent closure of all medical benefits in accepted claim. Last month we ...


Lawmakers Approve PTSD Presumption for First Responders
The expanded cancer presumption measure joined other also-rans from the 2018 session, including measures that aimed to create a mechanism to provide workers' compensation coverage to so-called gig economy workers, tighten the causation standard for ...

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