Ohio Residents: You must have independent professional advice
Ohio's Structured Settlement Protection Act (SSPA) defines "independent professional advice":
2323.58(E) "Independent professional advice" means the advice of an attorney, a certified public accountant, an actuary, or any other licensed professional adviser if all of the following apply:
(1) The payee has engaged the services of the licensed professional adviser to render advice concerning the legal and other implications of a transfer of structured settlement payment rights.
(2) The licensed professional adviser has signed a statement to the effect that the licensed professional adviser rendered advice to the payee concerning the legal and other implications of a transfer of structured settlement payment rights.
(3) The licensed professional adviser is not affiliated in any manner with, referred by, or compensated in any manner by the transferee of the structured settlement payment rights.
(4) The compensation of the licensed professional adviser is not affected by whether or not a transfer of structured settlement payment rights occurs.
For instance, in 2011 there was an approved court order in Hamilton County, Ohio that worded the confirmation of the seller receiving independent professional advice:
"That Mr./Ms._________________________ has been advised in writing by company _________________________, Transferee, to seek independent professional advice regarding the legal and other implications of the transfer and has received said advice. "
There are a handful of states in the United States that require independent professional advice:
Andres Financial Group, is a highly professional group in Independent Professionals providing advice in the transfer of structured settlements. Associates across the US, with the ability to pool all our resources in your best interest.
IPA services include but are not limited to; best interest advice, fair market analysis, court document review, & court appearance.
We pride ourselves on getting 90% of our cases approved the first time in front of the judge. We do not accept a denial as a possible decision, and will seek to keep the case open should the judge attempt to deny.