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Thursday, March 5, 2009

Legislation over Structured Settlements

By Paul J. Easton

You may not be mindful of Structured Settlement Protection legislation, but if you are getting annuity from a structured settlement deal, it is protecting your interests since then.

The point of structured settlement legislation is to protect your interests. When passed in 2002, the Structured Settlement Protection law determined several safeguards for individuals taking structured settlement payments.

You have the right to find independent competent advice. The law required that you must obtain professional consultation about the possible transaction. The advice must be established by an independent professional; someone not involved in the dealing at all and is very objective. To ensure this case, only follow the advice from an experienced and competent counsel with certification and will really tell you the consequences of selling your settlement in your unique financial situation.

The terms of a lump sum transaction is, in most cases, not always with your side. To secure that the common person is protected, many states nowadays demand that you be allowed the authority to sell. This will ordinarily require filling out an application, plus filing papers with the court and with all the concerned parties notified with such decision.

However, not every state has this form of counterpart regulation in place. Until Now, only some 40 states have laws in place. The best way to determine where you stand is to hire a personal injury attorney.

Those are the basics of the Structured Settlement Protection law and how it protects you. The law is there to protect your interests. To ascertain the law works in your favor, consult with your lawyer. Good luck with your decision.

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 tosell structured settlement today.

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