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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Legal Examiner

Using Structured Settlements with Trusts to Mitigate Higher Tax Liability
Legal Examiner
The Tax Cuts and Jobs Act (TCJA), signed into law at the end of 2017, had a significant impact on how individuals and trusts are taxed. This article will explore the changes that are most relevant to injury victims and strategies for avoiding or ...


Structured Settlement Industry Leaders Unite: Millennium Settlements separates from Integrated Financial Settlements ...
PR Newswire (press release)
Sage is the premier provider of comprehensive settlement solutions with more than 75 full-time settlement consultants serving claimants and their attorneys nationwide. In addition to providing traditional structured settlement annuities, Sage offers ...


Structured Settlement Firm Names New President/CEO and Chairman of the Board
Benzinga
Prior to being appointed president, Rich has led the company's Pittsburgh office for 16 years as a successful structured settlement Consultant. Robert Lee, CEO of SFA's parent company Integrated Financial Settlements (IFS), has been named Chairman of ...


JD Supra (press release)

Court Dismisses Claims Alleging Undisclosed Deductions from Structured Settlement Funds
JD Supra (press release)
The latest attempt to hold casualty carriers and annuity issuers liable for allegedly failing to disclose deductions from the amounts used to purchase structured settlement annuities for plaintiffs' benefit has been dismissed by the U.S. District Court ...


2018 Best of Texas Lawyer Recognizes ROBINYOUNG & COMPANY Among Texas' Top Rated Structured Settlement ...
PR Web (press release)
ROBINYOUNG & COMPANY, INC. earned spots for the seventh consecutive year in the Texas Lawyer 2018 Texas' Best Of edition as one of Texas' Top Rated Structured Settlement Firms, which recognizes Texas service experts and specialists by associates' ...


Fairfield Current

Reviewing Asta Funding (ASFI) & Nicholas Financial (NASDAQ:NICK)
Fairfield Current
The company operates through four segments: Consumer Receivables, Personal Injury Claims, Structured Settlements, and GAR Disability Advocacy. The Consumer Receivables segment involved in the purchase, management, and servicing distressed ...


Reviewing CPI Card Group (PMTS) & Asta Funding (ASFI)
Fairfield Current
The company operates through four segments: Consumer Receivables, Personal Injury Claims, Structured Settlements, and GAR Disability Advocacy. The Consumer Receivables segment involved in the purchase, management, and servicing distressed ...

and more »

Structures to separate from Integrated Financial Settlements (IFS)
PR Newswire (press release)
Structures provides cutting-edge settlement solutions and financial programs utilized in the settlement process by working with plaintiffs, contingency fee attorneys, defendants, casualty carriers, and self-insured entities through appointed structured ...

and more »

Insurance – RICO – Fraudulent misrepresentation
Massachusetts Lawyers Weekly
Where the recipients of structured settlements claimed that insurance companies had unlawfully deducted commissions from the settlements, the plaintiffs failed to meet the RICO standard of showing that the defendants associated together for a common ...


MoneyMakingArticles

Encore Capital Group (ECPG) versus Asta Funding (ASFI) Critical Contrast
Fairfield Current
The company operates through four segments: Consumer Receivables, Personal Injury Claims, Structured Settlements, and GAR Disability Advocacy. The Consumer Receivables segment involved in the purchase, management, and servicing distressed ...
Encore Capital Group Inc. (ECPG) CEO Ashish Masih on Q3 2018 Results - Earnings Call TranscriptSeeking Alpha
Encore Capital Group Inc (ECPG) President and CEO Ashish Masih Bought $303250 of SharesGuruFocus
Encore Capital Group Announces Third Quarter 2018 Financial ResultsNasdaq
Zacks -GlobeNewswire
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