Money Matters

Dependents Definition

March 19, 2015

Includes all persons for whom the payee is legally obligated to provide support, including maintenance. A person dependent or reliant upon another individual, typically children, stepchildren, and children for whom the contributor is the legal guardian under the age of twenty years.

CONTINUE READING

what is a structured settlement

Court Order Definition

March 12, 2015

A legally binding ruling issued by a judge or other court officer. The sale of the cash flows or periodic payments from a structured settlement typically require a court order.

CONTINUE READING

what is a structured settlement

Client First Consultation Definition

March 5, 2015

A free interview between a structured settlement annuitant and our company to discuss options to purchase your right to receive future structured settlement payments. This is often the first step to getting a cash quote, or net advance amount.

CONTINUE READING

what is a structured settlement

Best Interest Standard Definition

February 26, 2015

Internal Revenue Code Sec. 5891 and most state laws require that a court find that a proposed settlement factoring transaction, or the sale of structured settlement payments, be in the best interest of the seller, taking into account the welfare and support of any dependents. The court approval process is designed to ensure this standard.

CONTINUE READING

what is a structured settlement

Annuity Payment Period Definition

February 19, 2015

The period of time where the customer receives payments or income from the annuity.

CONTINUE READING

what is a structured settlement