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A Structured Lawsuit Settlement Seemed Like a Good Idea at One Time

You are receiving payments spread out over months, years, even a lifetime. It's great when the money arrives but the payments are often too small or too spread out to really satisfy your needs. Careful research could yield more of your cash faster. There are some half dozen financial institutions with the knowledge and resources to effectively advance your future lawsuit payments.

While the rewards are obvious, the risks are not so easily understood.

Once you identify an annuity buyout funding source, consult your attorney for an explanation of the legal requirements.

Beware some of the following pitfalls when obtaining an
advance on your future lawsuit payments.

It takes time.
In most cases the industry-wide standard is several months. Some companies will tell you they can get your deal processed in weeks. Unfortunately, courts do not operate that quickly. Most people want a set time frame and need the money right away.

You have to go to court.
Most states have passed a Model Act that requires annuitants to obtain a court order prior to reassigning their payments. A federal law levies stiff tax penalties on any advance obtained without a court order. (Unless you are the "owner" of the annuity)

You will receive a discounted value of your future payments.
There are many variables involved. The rating of the insurance company making the payments, the size of your transaction and how far into the future the payments extend all affect the amount you will receive. Often it is less than you would expect.

You do not have to sell all your payments.

You can structure your purchase in multiple ways. For example, you can sell all remaining payments, a partial number of payments or a percentage of your payments.
It is recommended to not sell beyond 14 years of payments.

The freedom to accelerate the payout of your lawsuit annuity is yours, exercise it carefully.

Jason Rigler
Structured Settlement Counselor
ppicash.com

In The News:


CFPB UDAAP Claim in Structured Settlement Factoring Case Moves Forward
Lexology (registration)
On September 13, the U.S. District Court for the District of Maryland allowed a UDAAP claim brought by the CFPB to move forward in which the defendants allegedly employed abusive practices when purchasing structured settlements from consumers in ...

and more »

Integrated Financial Settlements, Inc. (IFS) Launches New Company: Structures
Markets Insider
Structures was formed out of a desire to expand the structured settlements marketplace, and to address the ever-changing needs of its clients by offering a broad range of tax-efficient settlement solutions for stakeholders in the settlement process ...

and more »

PR Web (press release)

Custom Structured Settlements Shares Crucial Capital Gains and Losses Counsel
PR Web (press release)
Custom Structured Settlements, LLC helps with structured settlements of taxable transactions. Its services ensure enormous tax savings, asset protection, wealth preservation and legacy planning. For more information, please call (317) 268-8880, or ...


ThisWeek Community News

Both major parties represented in Hilliard City Council race
ThisWeek Community News
Carrier, 48, is a structured-settlement consultant for Arcadia Settlements Group. He is severing his first term after his election in 2013. “I strongly support a transition to a city-manager form of government,” Carrier said. He said he also favors the ...

and more »

Asta Funding, Inc. (NASDAQ:ASFI) Experiences Lighter than Average Trading Volume
HugoPress
The Company operates through four segments: Consumer Receivables, Personal Injury Claims, Structured Settlements and GAR Disability Advocates. The Consumer receivables segment is involved in the business of purchasing, managing for its own ...

and more »

Boston Beer Company (SAM) Reaches $173.65 After 9.00% Down Move; Asta Funding (ASFI) SI Increased By 15.69%
FlintDaily.com
The Firm operates through four divisions: Consumer Receivables, Personal Injury Claims, Structured Settlements and GAR Disability Advocates. It currently has negative earnings. The Consumer receivables segment is engaged in purchasing, managing for ...


Asta Funding, Inc. (NASDAQ:ASFI) Trading Volume Significantly Lower
HugoPress
The Company operates through four segments: Consumer Receivables, Personal Injury Claims, Structured Settlements and GAR Disability Advocates. The Consumer receivables segment is involved in the business of purchasing, managing for its own ...


Lexology

Despite Jevic, Priority Skipping Found to be Permitted as Part of Final Approval of DIP Financing
Lexology
11, Judge Gross said he was initially inclined to disapprove the settlement, saying that the U.S. Trustee lodged a “very strong objection.” The judge said he then reread Jevic, noting how “it was all about a structured settlement.” He quoted Justice ...


Comparing Emergent Capital (IFT) & National Western Life Group (NASDAQ:NWLI)
StockNewsTimes
The Company provides customized liquidity solutions to owners of illiquid financial assets in two markets, which include life finance and structured settlements. The Company focuses on lending to outright purchases of portfolios, to tertiary trades, as ...

and more »

Max Sound Provides update on Attia vs Google Court Issues Order Granting Right To Add Racketeering
GlobeNewswire (press release)
CSJ excels in all types of civil litigation, including shareholder and partnership disputes, stock fraud, commercial, oil and gas, real estate, lender liability/debtor litigation, loan work outs, director's liability litigation/arbitration, structured ...

and more »
Google News

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