Monthly Archives: November 2013

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Structured Settlement Advisor

Riverside County Independent Professional Advisors

Riverside County Independent Professional Advisors

Riverside County Independent Professional Advisors

Riverside County Independent Professional Advisors

Residents of Riverside County are provided with a variety of services and programs that make this county an ideal place to live and play. Riverside County is the fourth largest county in the state, stretching nearly 200 miles across and comprising over 7,200 square miles of fertile river valleys, low deserts, mountains, foothills and rolling plains.

Riverside County shares borders with densely populated Los Angeles, Imperial, Orange, San Diego, and San Bernardino Counties…extending from within 14 miles of the Pacific Ocean to the Colorado River.

Although the county marks its political beginnings in 1893, the land was occupied long before Europeans and their descendants entered the areas, by several Native American groups including the Serranos, the Luisenos, the Cupenos, the Chemehuevi, and the Cahuillas. One of the first Caucasians to travel through the area was Juan Bautista de Anza who led an overland expedition in 1774.

Recent years have brought dramatic population growth to Riverside County. Between 1980 and 1990, the number of residents grew by over 76%…making Riverside the fastest-growing County in California. By 1992, the County was “home” to over 1.3 million residents…more than the entire population of 13 states, among them Maine, Nevada, Hawaii, and New Hampshire.

With that growth has come the usual trials and tribulations, which have had a direct effect on the court systems. Riverside County is one of the first counties in the state of California to start assigning structured settlement to one central court room. This is in an effort to reduce court costs while still maintaining their role as a protector of the consumer. The courts primary object here is to protect the sellers of these structured settlement payment from large corporations looking out for their own bottom line. With dwindling court resources that was difficult to provide adequate resources to protect the best interest.

That is when the Riverside courts realized the use of the Independent Professional Advisor, discussed in the California state statue would reduce that burden upon the court. Also insuring that less people would sell their only source of income, their payments and become a burden of the state or county.

By continuing a hearing in order for a payee to get Independent Professional advice or appointing an independent professional advisor, the court has found a way to protect the consumer, get the payees who legitimately need the money relief, and reduce the costs of research attorneys. Pushing that financial burden onto the person who stands to make the most out of the transfer, the purchasers.

The judge in these matters does not have a problem approving the transfers on the first hearing provided all of his concerns are met. First being that the payee received Independent Professional Advice from a Qualified Independent Professional Advisor. Our Structured Settlement Attorney‘s routinely get these cases approved jumping in as the IPA right before the hearing. As long a s you understand the judge and what he requires it is simple, but a lot of factoring companies still choose to attempt to get approvals without paying for the payees IPA and end up costing themselves and the payee time and money.

Beware and do your homework is the best thing i can say before walking into a court room.

Andres Financial Group
Independent Professional Advisors
(855)313-3327
Structured Settlement Attorney Eugene Ahtirski

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Sell your structured settlement in Alaska, with Independent Professional Advice

Sell your structured settlement in Alaska, with Independent Professional Advice

Structured Settlement Protection Act Experts

Structured Settlement Protection Act Experts

Nicknamed “The Last Frontier”, the state of Alaska has a rich and diverse history for its challenging terrain and abundance of resources. Bought by US Secretary of State William H. Seward in 1867 for $7.2 million (over $116 million in 2012 dollars – what a deal!), it became known as “Seward’s Folly” because everyone thought at the time that the territory was worthless, until the Gold Rush fever that hit the state at the turn of the century. Although the gold is gone now a payout awaits you when you complete the sale of your structured settlement!

 

In order to sell your structured settlement in Alaska, you must first go to court to obtain a Judge’s approval for the sale as required per Alaska‘s Consumer Protection laws. These laws were passed by the State Legislature in order to “level the playing field” between consumers (the general public) and financial entities. A mandatory requirement in the law states that if you’re looking to sell your structured settlement you must first obtain Independent Professional Advice (“IPA“) regarding the sale of your structured settlement. As defined in the state statute, “Independent Professional Advice means advice of an attorney, certified public accountant, actuary, or any other professional adviser.”

At this point, you must be wondering: why do I need an IPA to assist me in the sale of my structured settlement? There are no “bad” reasons in having an IPA, just good, prudent ones.  Before a Judge will approve a sale, he or she will require proof that you have received Independent Professional Advice. Court systems all across the country have become overwhelmed by the double-whammy of ever-increasing caseloads and budgetary cuts. As a result the courts are unable to thoroughly review every potential sale.  IPAs act on your behalf and in your best interest by researching the best possible deal for you because we understand that your case has unique circumstances. Studies have shown that in comparable cases, sellers who retain the services of an IPA often receive more money from their sale than those who didn’t. Ultimately for many the most important question is: how quickly will I get my money? Retaining an IPA does not slow down the process but also increases the likelihood that your sale will be approved by allowing you to come to court better prepared, knowing that the expert did everything possible to ensure the best purchase price for you.

Be careful and don’t end up being left with “fool’s gold” as many gold seekers did by proceeding without the services of an IPA.  The experience that they provide will yield positive results. Fortunately in today’s day and age finding Independent Professional Advice is easier that mining for gold.   Do not hesitate in contacting the offices of Law Offices of Eugene Ahtirski.

 

 Andres Financial Group
Independent Professional Advisors
Structured Settlement Attorney Eugene Ahtirski
(855)313-3327