When it comes to selling annuity payments or structured settlement payments, we understand that you have a choice. We expect our customers to choose, rather than settle for a purchaser of their future payments.
Your annuity was structured with your financial security in mind and selling annuity payments should only be done when it is in your best interest to do so.
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In an effort to protect the rights of annuity and settlement sellers, California has enacted the California Structured Settlement Protection Act. Buyers should be aware of some specific provisions in this law as compliance with the California law ensures a successful transaction resulting in faster approval from a court judge and fair financial compensation in the form of a lump sum payment for thestructured settlement annuity payments. The following are a few legal considerations for those who want to buy or sell a structured settlement in California:
The seller must reside in California
The transfer must be approved by a local court judge in California based on the best interests of the seller
Not less than ten (10) days before the seller signs the transfer agreement, the buyer must provide the seller with a disclosure statement
Your annuity was structured with your financial security in mind and selling annuity payments should only be done when it is in your best interest to do so.
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In an effort to protect the rights of annuity and settlement sellers, California has enacted the California Structured Settlement Protection Act. Buyers should be aware of some specific provisions in this law as compliance with the California law ensures a successful transaction resulting in faster approval from a court judge and fair financial compensation in the form of a lump sum payment for thestructured settlement annuity payments. The following are a few legal considerations for those who want to buy or sell a structured settlement in California:
The seller must reside in California
The transfer must be approved by a local court judge in California based on the best interests of the seller
Not less than ten (10) days before the seller signs the transfer agreement, the buyer must provide the seller with a disclosure statement