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Structured Settlements: Cases
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Written by one of the country's leading experts in the field, Structured Settlements, 2d, presents—in a readable and understandable style—the common practices in the field, as well as relevant case and tax laws and tax rulings. Instructs concerning the proper way of constructing a structured settlement, with coverage on actuarial and legal aspects, tax advantages, state guarantee funds, and trusts. Explains how to decide if a structured settlement is needed, and how to advise your client of the advantages and drawbacks, including the risks involved, and public policy. Includes attorney fee suggestions when a structured settlement is anticipated.
The courses offer instruction on financial planning and legal issues that affect structured settlements, Tombs said. The program consists of three courses taken over a one-year period.Successful completion of the first two courses is required to meet the education requirement of the RSP designation.The third course is an optional case-studies course designed to provide instruction on the creation of a comprehensive settlement plan that will meet the RSP board's standards, according to the RSP program website.The program is offered in conjunction with the SSP and the Registry of Settlement Planners Board.
While not appropriate for settling smaller accidents and payment amounts, structured settlements are designed for use when future medical costs will be incurred on a continuous and long term basis. This makes them fitting for cases involving worker's compensation, disability, wrongful death, and guardianship cases.
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Dyer ... cited passage in 1997 of a federal law that facilitates the use of structured settlements to resolve workers compensation cases. "Increasingly, as these cases head toward final resolution, we expect to see more and more workers opting to include a structure as part of their settlement."
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How to Get Cash For Structured SettlementIt is not very difficult for a person who has acquired a structured settlement to trade it for cash. Irrespective of the source of the structured settlement, whether from an insurance claim or an …
A structured settlement broker from one of major structured settlement brokerage firms (creation not destruction) tells this story about what occurred when he was in a New York state court waiting for his case to be called. Peachtree Settlement Funding is there with a client who was attempting to sell her structured settlement payment rights and was there seeking Court approval pursuant to Title 17 of the New York State General Obligations Law (i.e. The New York Structured Settlement Protection Act or SSPA).
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