Month: May 2019

Companies Can Still Buy Structured Settlement Payments Part IVOriginally Posted on December 29, 2014 and reposted on May 28, 2019

Companies Can Still Buy Structured Settlement Payments Part IV If you have sustained an injury that has rendered 100% loss of your body movement or half of your body or 100% loss of your vision or 100% loss of your hearing, and has made it literally impossible for you to be employed for the rest of your life, then you will want to reconsider selling even one payment of your structured settlement benefits.   Not all injuries are like that.  A large percentage of permanent disabilities from injuries are such that, eventually, you will be able to work again and […]

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The post Companies Can Still Buy Structured Settlement Payments Part IV<span class="entry-meta">Originally Posted on December 29, 2014 and reposted on May 28, 2019</span> appeared first on Structured Settlement Expert.

Difference Between the Disclosure Statement, Transfer Agreement, and the Annuity ContractOriginally Posted on March 10, 2015, last updated on February 13, 2016 and reposted on May 18, 2019

By Newswire Sept. 14, 2014 2:06 p.m.

What is the Difference Between the Disclosure Statement, Transfer Agreement, and the Annuity Contract?

 The Disclosure Statement

The disclosure statement is the document you get first-(ten or more days).  The transfer company is required by law to send you the Disclosure Statement with specific criteria, written in a specific manner.  The Statement has to do with the very complex, macro-economic equation that calculates inflation, IRS rates, the current value of the dollar, future value of the dollar and time and HOW, not WHAT, but HOW the company comes about charging you.

The disclosure statement is also a brief statement on behalf of California State Law alerting you of your rights in this contract as a consumer.

Your biggest alert and protection is the right to seek a free independent legal adviser.

The Transfer Agreement

This is the second set of documents that you will get.  It’s usually thicker and it is the actual contract between you and the transfer company.  In contract law, it’s called a California Purchase Contract.

The Annuity Contract

Chances are, you’ll never see this contract.  You might see the “schedule of benefits information” for the Annuity Contract, but this contract was between two very large companies.

 This is the contract of the purchase of the annuity between the casualty insurer, and the life insurer; naming you as the intended third party beneficiary because of a personal injury, or a wrongful death claim; stating compliance with the specific IRS Tax Code, and that the proceeds are tax exempt in addition to the benefit schedule breakdown, and their terms and conditions according to their rules.

 

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Originally posted 2015-03-10 14:10:20. Republished by Blog Post Promoter

The post Difference Between the Disclosure Statement, Transfer Agreement, and the Annuity Contract<span class="entry-meta">Originally Posted on March 10, 2015, last updated on February 13, 2016 and reposted on May 18, 2019</span> appeared first on Structured Settlement Expert.

Structured Settlement LawyerOriginally Posted on January 13, 2015 and reposted on May 16, 2019

Transfers of Structured Settlement Payment Rights

Most Misunderstood Courthouse Terms M-O

Manslaughter –  Involuntary – The unintentional taking of human life as a result of performing an unlawful act or in negligently performing a lawful act

Manslaughter Voluntary – The unlawful taking of human life under circumstances short of premeditated intent to kill

Minute Order  – A memorandum of the orders and proceedings of the court made by the clerk and maintained as the official record of a proceeding

Misdemeanor – Crime punishable by a maximum $1,000 fine, and or a maximum of one year in county jail

Mistrial – A trial which is terminate before a verdict is reached either because of some extraordinary circumstance, fundamental error prejudicial to the defendant, or hung jury

Motion in Limine – (Li’-mi’-nee) –  A motion heard immediately before trial requesting that the court exclude certain evidence that prejudice the jury

Murder – The unlawful killing of a human being by another with malice aforethought either expressed or implied.

Nunc Pro Tunc – A Latin phrase meaning “now for then”.  Usually used to reflect changes to a minute order done afar the time it was completed with retroactive effect commonly used to correct minor errors

Opening Statement – At the commencement of trial, the parties of their attorneys provide a picture of that they believe their evidence will show.

Order to Show Cause (OSC) – A notice of motion to someone to appear at a stated time and place and show cause why the motion should not be granted.

Courtesy of Los Angeles Superior Court 2014

Law Offices of Eugene Ahtirski
Structured Settlement Lawyer


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