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Maryland Independent Professional Advice

Maryland Residents:  You must have independent professional advice  Maryland Independent Professional Advice If you are a Maryland resident and you are interested in selling your structured settlement payment rights, you must obtain independent professional advice.  Below we cite how Maryland defines independent professional advice, and then we cite the code that REQUIRES you to have independent professional advice.   5-1101(c) Independent professional advice.–“Independent professional advice means advice of an attorney, certified public accountant, actuary, or other licensed professional adviser: (1) Who is engaged by a payee to render advice concerning the legal, tax, and financial implications of a transfer structured […]

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Attorney Advises
on Structured Settlements

Many people receiving structured settlement payments face pressing financial needs, which cause them to consider selling their annuity for a lump sum in cash. Sounds simple, but the process is actually complex, time-consuming and fraught with pitfalls for unwary and uninformed consumers. If deceptive advertising by companies who profit from these transactions has lulled you into thinking you’ll get all your money instantly, STOP! and consider these little-known facts:

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Selling a structured settlement:

1.     Requires a Court to approve the transaction;
2.     Will take up to 90 or more days to complete the process; and
3.     The final “net” amount received is far less than the “face value” of the annuity.

Because a person who sells a structured settlement annuity will receive a deeply discounted amount of money, it is critical to be as informed as possible before making the decision to sell. Plus, as not all transactions are approved by a Court, there’s no guarantee your sale will be approved as a court must first find that the sale is in your best interests. Mr. Ahtirski knows the Court system and also knows how to help sellers of structured settlements seek to negotiate a higher purchase price from the various companies that buy structured settlements. 

Put our experience to work 

Since 1994, attorney Eugene Ahtirski has been an active participant in almost every area of the secondary market factoring industry  pertaining to the sale of future payment streams and has personally participated in thousands of court approved transfers. Mr. Ahtirski experience extends to various other forms of payment streams as well  besides structured settlement payment rights such as casino and lottery payouts, and entertainment industry residuals.

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Contact a Structured Settlement Attorney who can accurately evaluate your structured settlement and provide Independent Professional Advice

You need not settle for small payments over a lengthy period of time. Get the maximum present value for your full recovery by calling the Law Offices of Eugene Ahtirski at 800.200.4384 or contacting the firm online.

Law Offices of Eugene Ahtirski are located in Van Nuys and serve clients in California with Assciates across the United States.