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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:

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Delegate sued over structured settlement sales
Virginia Lawyers Weekly
A Virginia lawyer-legislator is named in a federal lawsuit claiming he failed to follow rules protecting beneficiaries of structured settlements. As an attorney, Del. Steve Heretick represents companies that buy structured settlement benefits from ...


Analyzing Emergent Capital (OTCMKTS:EMGC) and The Phoenix Companies (PNX)
Dispatch Tribunal
The Company, through its subsidiary companies, owns a portfolio of approximately 630 life insurance policies (life settlements). The Company purchases individual policies and portfolios of life insurance policies and manages those assets based on ...


Intellectual Property is Now an Ordinary Income Asset, Doubling its Tax Cost at Sale
Markets Insider
"With this change, the capacity to sell your business and not be clear about your tax cost dramatically increases," said James Smyth, Executive Director of Custom Structured Settlements, LLC. Added Arthur Jensen, Senior Tax Director of Custom ...

and more »

“Out of sight” – Second edition
Médecins Sans Frontières (MSF) International
The increase in marginalisation and forced evictions causes the fragmentation of informal settlements and the establishment of small groups of migrants living in increasingly hidden places, where they are not only invisible, but also face deplorable ...

and more »

The Ledger Gazette

Asta Funding (ASFI) Rating Lowered to Hold at ValuEngine
The Ledger Gazette
Asta Funding logo Asta Funding (NASDAQ:ASFI) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday, February 2nd. Separately, TheStreet downgraded Asta Funding from a “c” rating ...


Legal Broadcast Network (blog)

Managing Family Expectations for Personal Injury Settlements
Legal Broadcast Network (blog)
Once all liens and litigation expenses have been identified and paid, the plaintiff is left with the “net settlement” amount. The question then becomes whether the plaintiff should receive the net settlement in a lump sum, or whether some part of the ...


Appeal from partial summary judgment in which court made a declaration relating to the interpretation of a section ...
Lexology
A Florida lawyer and customer of the insured ran a Ponzi scheme involving the fraudulent sale of non‑existing interests in structured settlements supposedly handled by his law firm. After the scheme collapsed, about 19 investor groups sued the insured ...


StockNewsTimes

Positive News Coverage Somewhat Unlikely to Impact Asta Funding (ASFI) Stock Price
StockNewsTimes
Asta Funding logo Headlines about Asta Funding (NASDAQ:ASFI) have trended positive on Sunday, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real ...
Could Asta Funding, Inc. (ASFI) Recover After Today's Big Decline?BZ Weekly

all 5 news articles »

StockNewsTimes

Head to Head Analysis: National Western Life Group (NWLI) vs. Emergent Capital (EMGC)
StockNewsTimes
The Company, through its subsidiary companies, owns a portfolio of approximately 630 life insurance policies (life settlements). The Company purchases individual policies and portfolios of life insurance policies and manages those assets based on ...

and more »

Washington Post

He was fined $50 in traffic court but couldn't seem to let it go. Then a friend allegedly provided a police officer ...
Washington Post
Kudel said that because of the allegations, his client is no longer working for Reliance Funding, a structured-settlement company based in Chevy Chase, Md. Representatives for the firm could not be reached for comment Monday. Kudel declined to discuss ...

Google News

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