Nicknamed "The Last Frontier", the state of Alaska has a rich and diverse history for its challenging terrain and abundance of resources. Bought by US Secretary of State William H. Seward in 1867 for $7.2 million (over $116 million in 2012 dollars - what a deal!), it became known as "Seward's Folly" because everyone thought at the time that the territory was worthless, until the Gold Rush fever that hit the state at the turn of the century. Although the gold is gone now a payout awaits you when you complete the sale of your structured settlement!
In order to sell your structured settlement in Alaska, you must first go to court to obtain a Judge's approval for the sale as required per Alaska's Consumer Protection laws. These laws were passed by the State Legislature in order to "level the playing field" between consumers (the general public) and financial entities. A mandatory requirement in the law states that if you're looking to sell your structured settlement you must first obtain Independent Professional Advice ("IPA") regarding the sale of your structured settlement. As defined in the state statute, "Independent Professional Advice means advice of an attorney, certified public accountant, actuary, or any other professional adviser."
At this point, you must be wondering: why do I need an IPA to assist me in the sale of my structured settlement? There are no "bad" reasons in having an IPA, just good, prudent ones. Before a Judge will approve a sale, he or she will require proof that you have received Independent Professional Advice. Court systems all across the country have become overwhelmed by the double-whammy of ever-increasing caseloads and budgetary cuts. As a result the courts are unable to thoroughly review every potential sale. IPAs act on your behalf and in your best interest by researching the best possible deal for you because we understand that your case has unique circumstances. Studies have shown that in comparable cases, sellers who retain the services of an IPA often receive more money from their sale than those who didn't. Ultimately for many the most important question is: how quickly will I get my money? Retaining an IPA does not slow down the process but also increases the likelihood that your sale will be approved by allowing you to come to court better prepared, knowing that the expert did everything possible to ensure the best purchase price for you.
Be careful and don't end up being left with "fool's gold" as many gold seekers did by proceeding without the services of an IPA. The experience that they provide will yield positive results. Fortunately in today's day and age finding Independent Professional Advice is easier that mining for gold. Do not hesitate in contacting the offices of Law Offices of Eugene Ahtirski.
Andres Financial Group Independent Professional Advisors Structured Settlement Attorney Eugene Ahtirski (855)313-3327