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You may not be careful of your Structured Settlement but there is a law that protects you. If you are getting payments from a structured settlement, it has already been protecting your interests without you knowing it.

What is this law? It is the Structured Settlement Protection Act. If you opt to trade your payments for a lump sum, the dealing should be with your best interests first. You likewise have the right to get professional advice on the consequences this dealing will have. Nevertheless, not each state has this form of state law already in place.

The aim of structured settlement legislation is to protect your interests. When it was passed in 2002, the Structured Settlement Protection Act determined several safeguards for individuals accepting structured settlement annuity. Although it is your own money, the terms of a lump sum purchase may not ever be in your favor. To assure that the everyday individual is educated, many states nowadays demand that you be allowed the authority to sell. This will normally include the filling out of an application, plus filing papers before the court.

The Act also mandated that you must obtain personal competent advice about the possible dealing. Lawmakers ascertain that you received quality competent advice from a registered financial expert about what selling your payments would really mean to you.

The recommendation must be made by an independent professional, someone not concerned in the transaction at all. You will need to either receive the competent advice or give up your right to the advice in writing.

Structured Insurance Settlements is a site dedicated to learning how to purchase structured settlements safely and get the best offer possible plus make sure you are dealing with financially stable company.

Get structured settlement tips on structured settlement blog. Start your research with this free article on how to sell structured settlement today.