Personal Annuity and Structured Settlement Lawyer
The only way to transfer or sell your structured settlement payments is to have your proposed agreement approved by a judge in a state court near where you live.
Some also require you to have legal representation. With an experienced attorney at your side in court, you should be confident the judge will say yes to your sale. If your state does not mandate you have an attorney, you likely will have to a waiver if you choose not to seek independent counsel.
Why You Want an Attorney
There’s a reason why states ask you to get a lawyer: This is a sale process that must go through a brief court process, and almost every structured settlement contract must be signed by a judge. You want an attorney with the expertise and knowledge of applicable annuity laws and the workings of the local court system.
Another reason to engage an attorney is that judges often ask questions of sellers in open court, and you need to be prepared to answer. When your transfer request makes it to a court docket, your attorney should know a little something about the judge handling your sale. That knowledge can only help you.
Longtime observers of the structured settlement process say that judges generally take one of two positions when evaluating these transfers. The secondary annuity market is a highly specialized area of the law. Chances are if you hire an attorney to represent you, he or she will know the personality of the judge working your case.
The first point of view is of a parent. The judge sees himself as your caretaker, and he’ll view any financial transaction with wariness. This means you – with the help of your attorney – could have to show that your short- and long-term best interests are for this structured settlement to be sold.
The second point of view is more omniscient. The judge acts as a caretaker of the process, the law, and holds a libertarian view of your role. That is, if you feel as if selling all or part of your structured settlement is what you want to do, then you should get your money to spend in the manner you outline in your contract.
The following are some overall dimensions to consider for teaching your target audience or professionals in your field, and possibly creating a new revenue stream.