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STRUCTURED SETTLEMENT PROTECTION ACTS RECENT CHANGES TO STATE STRUCTURED SETTLEMENT PROTECTION ACTS (SPA) April 2016By John McCulloch, JD/MBA, CSS, CSP, CSS EPS Settlements Group, Inc. Florida Fla.
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01
Gather all necessary documents related to your structured settlement
02
Research the structured settlement protection acts applicable in your jurisdiction
03
Ensure you understand the provisions and requirements of the specific acts
04
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Who needs structured settlement protection acts?

01
Individuals receiving structured settlement payments
02
Individuals with a structured settlement who want to protect their future payments
03
Attorneys representing parties involved in structured settlements
04
Structured settlement annuitants
05
Insurance companies involved in structured settlements
06
Judges and courts responsible for overseeing structured settlements
07
Financial advisors and planners who work with individuals with structured settlements
08
Anyone with an interest in the legal and financial aspects of structured settlements
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Structured settlement protection acts are laws that regulate the sale of structured settlement annuities to ensure that the rights and interests of the payee are protected.
The payee or annuitant who wishes to sell their structured settlement payments is required to file structured settlement protection acts in order to obtain court approval for the transaction.
Structured settlement protection acts typically require the payee to complete a petition or application detailing the terms of the proposed sale, provide financial disclosure information, and attend a court hearing to obtain approval.
The purpose of structured settlement protection acts is to prevent exploitation of individuals receiving structured settlement payments by ensuring that any sale of these payments is in the best interest of the payee.
The structured settlement protection acts typically require information such as the amount and timing of the payments being sold, the purchase price offered, any fees or expenses associated with the transaction, and a disclosure of any prior sales of structured settlement payments.
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2016 2015 maryland wisconsin payee payees transferee domiciled eps marylands transferees jan obligors litem sspa practicable irc issuers mcauliffe wisc cmss mcculloch jd mba cssc cmsp fla enactment contravention impairment dependents insofar applicable co

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