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My friend has a structured settlement and he tried to sell
My friend has a structured settlement and he tried to sell part of it to JG Wentworth. The judge assigned an attorney to him in the courtroom and the attorney asked for much additional financial information from him and drug it out, cancelled meetings and after about 9 months he realized he was being stonewalled and went to the lawyers office and picked up his documents. He then received an Order of Non-Suit letter saying all unpaid court costs would be taxed against him. Will he owe anyone any money due to this? He never signed anything with the assigned attorney.
Part of the settlement awarded me in divorce decree
Part of the settlement awarded me in divorce decree (4/7/16),is half of an existing annuity. I am told to create an account meeting certain criteria to be able to accept this award. I am trying to find that criteria through a source having no interest in how they convey this beyond meeting standards of clarity.
When i was 7 yrs old, my mother and i were hit by a diesel.
hello when i was 7 yrs old, my mother and i were hit by a diesel. I survived but unfortunately my mother did not. Since i was only 7 yrs old i myself could not sue the company that hit my mother, so my grandmother sued them on behalf of me and my siblings. We won the suit for wrongful death and each kid was awarded a lump sum which was then made a structured settlement. I have 2 questions, first is it possible for me and my siblings to re sue the trucking company that hit me and my mother? and secondly can i possibly go in and change the way my money is managed instead of having to wait a certain amount of years before receiving my settlement checks? btw my mother and i were hit in October 25th 2001.
Esq, Thank you my traffic common
For Gerald, Esq, Thank you for answering my traffic common law question. My friends told me that I may have inadvertently provided too much material that may be used by the other party to win this case. Two questions for you:Q1: Can you help to review each picture of my 2 minutes slideshow & tell me which picture that I should remove before giving my material to my insurance company? I have total 13 pictures in this link: https://youtu.be/SZFKaKsHZrgQ2: Should I release the 30 seconds video clip https://youtu.be/CadxAqA1hGg to my insurance company?
Got injured on the job in 2007, settled for 221,00.00 2010
Got injured on the job in 2007, settled for 221,00.00 2010 of which 101,000.00 was a structured settlement... and 120,000.00 was for medical set aside but I never used any of the set aside money. What happens to my set aside money now, that the structured claim part is over.. Can I cash it out, if so how...
Hello, I have a structured settlement, resulting from a
Hello,I have a structured settlement, resulting from a personal injury case that was settled out of court by my mother on my behalf, when I was a child.I am now 26, and for the last few years have been receiving a monthly income of $393.87 on the 9th of each month, paid out by MetLife Insurance; these payments are guaranteed to my estate until 8/9/2050.I would like to convert the set of payments from 3/9/2015 thru 8/9/2050 (the aggregate amount of which totals $167,788.82) into a lump sum, at the most advantageous present value.The discounted present value at the federal interest rate of 2% is $120,073.11.In looking to sell this income stream to the highest bidder, I have approached companies such as PeachTree, who have offered a net present value lump sum of $60,000. (This works out to a discount rate of about 7.43% or 7.5% (depending on how the math is done) that is being applied.)No deal has been made yet; what was disclosed to me by PeachTree in their disclose statement was that "BASED ON A PRICE QUOTE FROM METROPOLITAN LIFE INSURANCE COMPANY THE CURRENT COSTS OF PURCHASING A COMPARABLE ANNUITY FOR THE AGGREGATE AMOUNT OF PAYMENTS TO BE TRANSFERRED IS $102,096.00." (That works out to a discount rate of about 3.1%.)I feel that by proceeding with the offer I've received from PeachTree, I'd be losing over $40,000, as compared to the quote generated directly from MetLife Insurance. (Not a bad profit for them, considering the time invested on their part as well as the principal amount of the transaction.)So, in looking to obtain a much larger cut of the pie than $60,000, I decided to call MetLife to see if they themselves were interested in dealing with me directly, and to see whether they were willing and able to buy back the monthly payments in exchange for a price that's much more similar to their original quote.As it turns out, according to the representative on the phone, apparently due to some kind of regulations or law, companies such as MetLife cannot alter payments directly in such a manner--and that it would have to be a third party that would have to come in to make an investment.However, she did recommend that a much better option would be to speak with a lawyer--preferably the lawyer(s) who helped structured the settlement originally, in order to somehow "restructure" the agreed-upon payments to convert them into a present-value lump sum--and that this would be much more advantageous than taking the $60,000 with the ~7% discount rate applied by PeachTree.I do not know who the original lawyers are, as my mother was the one who took care of all that when I was very young. I would most wholeheartedly appreciate a professional opinion as to: (1) what my best, ***** ***** lucrative options would be in this case, to recoup as much of a present amount as I can for present use; and, (2) if there would be any tax implications, despite the monthly payments always having been tax-free due to it being settlement income resulting from personal injury.Thank you very much for your time and your most useful answers!
My Father-in-law just had a law suit settled against the government
My Father-in-law just had a law suit settled against the government for a crippling disease caused by agent orange. The ruling was in his favor. He will receive compensation in the future. In the mean time while he is waiting for his check and veterans disability adjustment to 100% disability and back pay, is there any way he can use this ruling as collateral for a loan, ora structured settlement? He is needing money to pay off the difference of what he owes on his house, so he can buy a new house. He only has to come up with $18,000.
Minor personaal injury State of VirginiaView more legal questions
my minor's attorney's have negotiated a settlement(major burn injury- is north of a million dollars.) for my Son's personal injury. They have shoved one annuity broker since the beginning and have refused to 1) get quotes from other brokers to be sure the beat rate gs been gotten for my son 2) did not adequately research a trust and comparative performance data based on 14 years (the annuity length) 3) I do not like the length of the annuity or the fact once he turns 18 he has no accountability to anyone- they are going to pay him 50 K a year when he turns 18. Ive talked with these lawyers and they defiantly continue to go against my wishes. what do i do?