North Carolina Independent Professional Advice

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Structured Settlement Advisor

North Carolina Independent Professional Advice

North Carolina Residents:  You must receive independent professional advice

If you are living in North Carolina, and wish to transfer your structured settlement payment rights, you absolutely, must receive the “independent professional advice” as required by law:

Article 44B Structured Settlement Protection Act (SSPA), defines an independent professional adviser:

  • 1-543.11.(3) “Independent professional advice” means advice of an attorney, certified public accountant, actuary, or other licensed or registered professional of financial adviser:
  1. Who is engaged by a payee to render advice concerning the legal, tax, and financial implications of a transfer of structured settlement payment rights;
  2. b. Who is not in any manner affiliated with or compensated by the transferee of such transfer; and
  3. c. Whose compensation for rendering such advice is not affected by whether a transfer occurs or does not occur.

 

This advice is required per this code in the SSPA:

  • 1-543.12.(4) The payee has received independent professional advice regarding the legal, tax, and financial implications of the transfer.

 

North Carolina residents don’t have an option with receiving independent advice, you must have it.  We’re a nation-wide independent professional advisor for the transfer of structured settlement payment rights.

North Carolina Independent Professional Advice

Call today for a free consultation, we can help. Structured Settlement Advisor

Andres Financial Group, is a highly professional group in Independent Professionals providing advice in the transfer of structured settlements. Associates across the US, with the ability to pool all our resources in your best interest.

IPA services include but are not limited to; best interest advice, fair market analysis, court document review, & court appearance.

We pride ourselves on getting 90% of our cases approved the first time in front of the judge. We do not accept a denial as a possible decision, and will seek to keep the case open should the judge attempt to deny.


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Structured Settlement Advisor

Minnesota Independent Professional Advice

Minnesota Residents:  You must receive independent professional advice

If you reside in Minnesota and are interested in selling your structured settlement payment rights, you must obtain the advice from an independent professional adviser.

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Below we cite the code that defines independent professional advice, and we cite the code that REQUIRES you to obtain independent professional advice:

 

  • 549.30 Subd. 6. [INDEPENDENT PROFESSIONAL ADVICE.] “Independent professional advice” means advice of an attorney, certified public accountant, actuary, or other professional adviser:

(1) who is engaged by a payee to render advice concerning the legal, tax, and financial implications of a transfer of structured settlement payment rights;

(2)  who is not in any manner affiliated with or compensated by the transferee of the transfer; and

(3) whose compensation for providing the advice is not affected by whether a transfer occurs or does not occur.

 

  • 549.31(d) the payee has received independent professional advice regarding the legal, tax, and financial implications of the transfer.

 

We are a nation-wide independent professional adviser, we can help.  Call today for  a free consultation.

Minnesota Independent Professional Advice

Andres Financial Group, is a highly professional group in Independent Professionals providing advice in the transfer of structured settlements. Associates across the US, with the ability to pool all our resources in your best interest.

IPA services include but are not limited to; best interest advice, fair market analysis, court document review, & court appearance.

We pride ourselves on getting 90% of our cases approved the first time in front of the judge. We do not accept a denial as a possible decision, and will seek to keep the case open should the judge attempt to deny.


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Structured Settlement Advisor

Maryland Independent Professional Advice

Maryland Residents:  You must have independent professional advice

 Structured Settlement Advisor

If you are a Maryland resident and you are interested in selling your structured settlement payment rights, you must obtain independent professional advice.  Below we cite how Maryland defines independent professional advice, and then we cite the code that REQUIRES you to have independent professional advice.

 

  • 5-1101(c) Independent professional advice.–“Independent professional advice means advice of an attorney, certified public accountant, actuary, or other licensed professional adviser:

(1) Who is engaged by a payee to render advice concerning the legal, tax, and financial implications of a transfer structured settlement payment rights;

(2) Who is not affiliated with or compensated by the transferee of the transfer; and

(3) Whose compensation is not affected by whether a transfer occurs.

 

The Maryland code that REQUIRES you to have independent professional advice is:

  • 5-1102(b)(3) The payee received independent professional advice regarding the legal, tax, and financial implications of the transfer.

 

We have nation-wide independent professional advisers.  Call today for a free consultation.

Maryland Independent Professional Advice

Andres Financial Group, is a highly professional group in Independent Professionals providing advice in the transfer of structured settlements. Associates across the US, with the ability to pool all our resources in your best interest.

IPA services include but are not limited to; best interest advice, fair market analysis, court document review, & court appearance.

We pride ourselves on getting 90% of our cases approved the first time in front of the judge. We do not accept a denial as a possible decision, and will seek to keep the case open should the judge attempt to deny.


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Want to Sell Your Structured Settlement

By AFG Newswire Sept. 17, 2014 9:30 p.m.

 

Want to Sell Your Structured Settlement; Need too Much Future Medical Help?

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Do you have your own health insurance?  Is it sufficient to cover those future medical expenses?  These are the types of questions and more that an independent professional adviser will ask you to help you assess whether or not you fit the criteria to be “granted” in court.

 

If you attempt to sell your payments, and get denied, it goes on record.   Best to be as prepared as possible.

 

California Insurance Code 10139.5(b)(7) states “Whether the payee is, at the time of the proposed transfer, likely to require future medical care and treatment for the injuries that the payee sustained in connection with the incident that was the subject of the settlement and whether the payee lacks other resources, including insurance, sufficient to cover those future medical expenses”.

 

This clause is part of the “best interest” of the payee criteria the judge uses to see if it is in the “best interest” of the payee to sell their future payments.  If the judge finds that it is not in your best interest, the sale does not go through.

 

Most cases that go to court get granted.  Most people wanting to sell have an independent professional adviser.  Judges like when an independent professional advisor has been consulted.

Structured Settlement Lawyer

Structured Settlement Attorney


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What Makes a Structured Settlement Transfer Effective

By AFG Newswire August 25, 2014 5:01 p.m.

 

What Makes a Structured Settlement Transfer Effective

 

A final court order makes a structured settlement transfer effective.  You can’t make a deal without going to court and getting approval.

 

California Insurance Code 10139.5, and what follow, simply state in the opening paragraph, “…has been approved in advance in a final court order based on express written findings by the court…” and it goes on to explain for exactly what the court is looking.  For more information, take a look at the plain meaning by googling™   “CA Insurance Code 10139.5“.

 

There used to be a day when court approval was not necessary and people were sometimes not being treated as fairly as they could. So the legislature passed the California Structured Settlement Protection Act to protect consumers wanting to sell structured settlements.

 

The law is located in the California Insurance Code in Sections 10134 to 10139.5. Under the law, judges have a 15 point plus criteria and checklist  to determine if a transfer should be approved.

 

Structured Settlement Protection Act Experts

Structured Settlement Protection Act Experts

If even one requirement is not met, a judge can also issue a postponement or a “continuation” for a later date to give you time to correct the mistake, or in other cases even issue a straight denial of your transfer.

 

Hiring an independent professional advisor that focuses on this type of work is the not only the best way to increase the chance that your transfer will be approved by a Court, but also that your transfer will be approved in one hearing.

 

Structured Settlement Attorney