Sell My Annuity

Selling your annuity can be very overwhelming; first you have to choose a company to deal with, then you have to negotiate the price of the transfer, and explain why you need the money and what happen to the money from any previous transactions. Then if you are in an IPA mandatory state, which would mean that you would be tasked with getting.

What most sellers of structured settlements or annuities don't know is that they could contact a structured settlement attorney to act as their Independent Professional Advisor, and get help before agreeing to sell. An IPA if contracted prior to agreeing to sell, can actually help with the negotiation process.  Elevating all the headaches of going back and fourth with the purchaser, getting this form getting that form.

The purchaser has it's own attorney working for them and they will be contacting you to get certain forms filled out and filed, but the most crucial form we have found in our experience is the statement of professional representation. That is a form that the judge looks at to make sure that you have been properly advised. Not just but the purchasers attorney but by an attorney protecting your best interests.

Sell My Annuity California:

Sell My Annuity Alameda
Sell My Annuity Alpine
Sell My Annuity Amador
Sell My Annuity Butte
Sell My Annuity Calaveras
Sell My Annuity Colusa
Sell My Annuity Contra Costa
Sell My Annuity Del Norte
Sell My Annuity El Dorado
Sell My Annuity Fresno
Sell My Annuity Glenn
Sell My Annuity Humboldt
Sell My Annuity Imperial
Sell My Annuity Inyo
Sell My Annuity Kern
Sell My Annuity Kings
Sell My Annuity Lake
Sell My Annuity Lassen
Sell My Annuity Los Angeles
Sell My Annuity Madera
Sell My Annuity Marin
Sell My Annuity Mariposa
Sell My Annuity Mendocino
Sell My Annuity Merced
Sell My Annuity Modoc
Sell My Annuity Mono
Sell My Annuity Monterey
Sell My Annuity Napa
Sell My Annuity Nevada
Sell My Annuity Orange
Sell My Annuity Placer
Sell My Annuity Plumas
Sell My Annuity Riverside
Sell My Annuity Sacramento
Sell My Annuity San Benito
Sell My Annuity San Bernardino
Sell My Annuity San Diego
Sell My Annuity San Francisco
Sell My Annuity San Joaquin
Sell My Annuity San Luis Obispo
Sell My Annuity San Mateo
Sell My Annuity Santa Barbara
Sell My Annuity Santa Clara
Sell My Annuity Santa Cruz
Sell My Annuity Shasta
Sell My Annuity Sierra
Sell My Annuity Siskiyou
Sell My Annuity Solano
Sell My Annuity Sonoma
Sell My Annuity Stanislaus
Sell My Annuity Sutter
Sell My Annuity Tehama
Sell My Annuity Trinity
Sell My Annuity Tulare
Sell My Annuity Tuolumne
Sell My Annuity Ventura
Sell My Annuity Yolo
Sell My Annuity Yuba

Sell My Annuity Madatory IPA States:

Sell My Annuity Alaska
Sell My Annuity Delaware
Sell My Annuity Florida
Sell My Annuity Massachusetts
Sell My Annuity Maryland
Sell My Annuity Maine
Sell My Annuity Michigan
Sell My Annuity Minnesota
Sell My Annuity North Carolina
Sell My Annuity Ohio

http://eahtirski.com

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 Payees:  Can you answer these questions posed by Judges?

The following is a partial list of questions[1] that a judge might ask a payee during the scheduled hearing of the transfer of your payment rights.  If you struggle with answering any of these questions, think twice about hiring an independent professional advisor.  The judge can still deny your transfer based on false answers.  Hiring an independent professional advisor FIRST can best prepare you for what you are about to read:

1. State your full name and age. Are you married?  Doyou have children or other dependents?
2. What is your educational background and work experience?
3. Do you have sources of income, other than this structured settlement?
4. Is there a beneficiary listed in the structured settlement agreement in the event of your death?
5. Do you presently want to sell part of or all of your structured settlement proceeds to this company?
6. Initially, did you contact them, or did they contact you?
7. What are you attempting to sell to them?
8. Did you receive "independent professional advice" from a licensed professional about these arrangements?
9. Do you have a letter from that "independent professional" verifying this consultation?
10. Did you go out and find this "independent professional" or was this person recommended to you by the company? Who paid their fees?

[1] Questions gleaned from "North Carolina Superior Court Judges 2008 Summer Conference". The Sale of Structured Settlements AKA Deal.....or No Deal?.  Presented by Judge Ron Spivey, Resident Judge Forsyth County

Part 2 Payees:  Can you answer these questions posed by Judges?

The following is a partial list of questions[1] that a judge might ask a payee during the scheduled hearing of the transfer of your payment rights.  If you struggle with answering any of these questions, think twice about hiring an independent professional advisor.  The judge can still deny your transfer based on false answers..  Hiring an independent professional advisor FIRST can best prepare you for what you are about to read:

1. Did you specifically talk about the tax ramifications of selling your future payments to this company?
2. Do you understand that the attorney for the company represents "the company" that is buying your structured settlement for a discounted amount; they do not represent you or your interests?
3. Do you understand the total amount of the payments that you would receive over time that you are now asking to transfer to this company? What is that amount?
4. Do you understand the present value of the payments that you are asking to transfer, according to the company's computations? What is that amount?
5. Do you understand how much you would be receiving as a lump sum if I approve this request? What is that amount?
6. Do you know what percent of the present value this lump sum represents? What is that percentage?
7. What fees are you paying to the company for this transfer?
8. Are you presently involved in a bankruptcy proceeding?
9. Are you presently subject to a separation agreement or a divorce decree?
10. Have you made a motion to the court before to transfer all of or part of your structured settlement?

Please see Part 3-5 for further questions, it gets more complicated!  Read on for your benefit!

[1] Questions gleaned from "North Carolina Superior Court Judges 2008 Summer Conference". The Sale of Structured Settlements AKA Deal.....or No Deal?.  Presented by Judge Ron Spivey, Resident Judge Forsyth County

Part 3 Payees:  Can you answer these questions posed by Judges?

The following is a partial list of questions[1] that a judge might ask a payee during the scheduled hearing of the transfer of your payment rights.  If you struggle with answering any of these questions, think twice about hiring an independent professional advisor.  The judge can still deny your transfer based on false answers..  Hiring an independent professional advisor FIRST can best prepare you for what you are about to read:

1. Have you made a motion to the court before to transfer all of or part of your structured settlement?
2. If so, what was the stated reason at that time that was the basis of your motion?
3. If granted, did you use the proceeds for that purpose?
4. Do you recognize Exhibit #1, the disclosure statement, which sets out all of the terms of this transfer arrangement? How long ago did you first see this?
5. Did you read the entire exhibit? Are familiar with it?
6. Is this your signature on the last page of the exhibit?
7. What were your injuries that originally resulted in this structured settlement?
8. How old were you when that happened?
9. Do you still receive medical treatment or do you have permanent injuries from that accident?

• What will you do with the money if the court were to approve this transfer?

Please see Part 4-5 for further questions, it gets more complicated!  Read on for your benefit!

[1] Questions gleaned from "North Carolina Superior Court Judges 2008 Summer Conference". The Sale of Structured Settlements AKA Deal.....or No Deal?.  Presented by Judge Ron Spivey, Resident Judge Forsyth County

Part 4 Payees:  Can you answer these questions posed by Judges?

The following is a partial list of questions[1] that a judge might ask a payee during the scheduled hearing of the transfer of your payment rights.  If you struggle with answering any of these questions, think twice about hiring an independent professional advisor.  The judge can still deny your transfer based on false answers. Hiring an independent professional advisor FIRST can best prepare you for what you are about to read:

1. Do you realize that if I approve this, you can't come back later and get your money back or change your mind?
2. Do you understand that you would receive $____________if I approve this transfer today?
3. Do you understand that if you didn't transfer your structured settlement, that you would receive $_____________over the life of the settlement as it presently exists?
4. Do you understand that you're only getting _____________% of the present value as calculated by the company?
5. Considering all the things I've asked you about, do you wish to have additional time to think about the advisability of your request?
6. Do you realize that if I approve this request it would end your payments pursuant to the structured settlement from this day forward (if payee is selling all payments)?
7. Are there any interested parties here who wish to be heard?

Please see Part 5-5 for a summary of the most difficult questions.  Make sure you have an independent professional advisor on your side!

[1] Questions gleaned from "North Carolina Superior Court Judges 2008 Summer Conference". The Sale of Structured Settlements AKA Deal.....or No Deal?.  Presented by Judge Ron Spivey, Resident Judge Forsyth County

Part 5 Summary of "Payees:  Can you answer these questions posed by Judges?"

As you can see from Part 1-4, these questions are tough, and sometimes awkward if you know the truth is not what the Judge is going to want to hear.

How do you not lie?  How do you give yourself enough background on being able to answer these questions as succinctly, and as honestly as possible so as not to aggravate the Judge?

Hire an independent professional advisor.  Print out Parts 1-5 of "Payees:  Can you answer these questions posed by Judges" and bring these questions with you to your appointments with your independent professional advisor.  Rehearse the answers, and be your best advocate.

A summary of some of the more difficult questions from Parts 1-4, Payees:  Can you answer these questions posed by Judges:

1. Do you have a letter from that independent professional verifying this consultation?
2. Did you go out and find this "independent professional" or was this person recommended to you by the company? Who paid their fees?
3. Did you specifically talk about the tax ramifications of selling your future payments to this company?
4. Do you understand the present value of the payments that you are asking to transfer, according to the company's computations? What is that amount?
5. Do you know what percent of the present value this lump sum represents? What is that percentage?
6. What fees are you paying to the company for this transfer?
7. Do you recognize Exhibit #1, the disclosure statement, which sets out all of the terms of this transfer arrangement? How long ago did you first see this?
8. Did you read the entire exhibit? Are familiar with it?
9. What will you do with the money if the court were to approve this transfer?
10. Do you understand that you're only getting _____________% of the present value as calculated by the company?

Questions gleaned from "North Carolina Superior Court Judges 2008 Summer Conference". The Sale of Structured Settlements AKA Deal.....or No Deal?.  Presented by Judge Ron Spivey, Resident Judge Forsyth County