Day: February 3, 2019

Structured Settlement Payment RightsOriginally Posted on December 30, 2014 and reposted on February 3, 2019

Article 2.3 Transfers of Structured Settlement Payment Rights   Tax Liability to Whom?  Stepping into the Shoes of the Third Party Beneficiary   California Insurance Code says if your the person “stepping into the shoes of the third party beneficiary” (assignee),  you share the tax liability, if any, with the transfer company and you both are liable to the structured settlement obligor, and to the annuity issuer, if the transfer does not comply with California Insurance Code 10134-10139.5 OR if the transfer company and the assignee individually or both are noncompliant.   10139.3(d) states, “The transferee and any assignee shall […]

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The post Structured Settlement Payment Rights<span class="entry-meta">Originally Posted on December 30, 2014 and reposted on February 3, 2019</span> appeared first on Structured Settlement Expert.