Independent Professional Advice from a Structured Settlement Attorney

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Independent Professional Advice from a Structured Settlement Attorney

Independent Professional Advice from a Structured Settlement Attorney

Structured Settlement Attorney

 

You have the right to Independent Professional Advice from a Structured Settlement Attorney
Eugene Ahtirski 800.200.4384

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.

There are 10 States that require Independent Professional Advice. Approximately half of the other States require notice of the right to obtain Independent Professional Advice. The rest mention your right for independent professional advice.

It is part of the global consumer protection aspect of the structured settlement protection acts. With none stating how to obtain IPA services. They do in fact tell you how you may not receive an IPA, through the purchase.

Which then leaves the payee to fend for themselves in finding an IPA, it’s not like you can open the yellow pages and find one. Or even what to search for on the internet to find one. Especially since the minute you type in the structured settlement you end up with a list of companies trying to buy structured settlements.


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Reason to have a Structured Settlement Advisor

Just another reason to have a Structured Settlement Advisor

I just came across this article which shows just why it is so important when selling your structured settlement you seek Independent Professional Advice from a Structured Settlement Attorney that works independently protecting the rights and best interests of the sellers.

It is unclear at this time what ramifications this could have on those transfers of structured settlements, but it is sure going to cause a ripple effect that will come back on the original sellers.

http://www.insurancejournal.com/news/national/2015/07/14/374928.htm

Stone Street Capital LLC sued a Manhattan law firm it retained to seek court approvals for structured settlements, claiming the firm gave them 76 fake judicial orders.

The Maryland-based company, which purchases the rights to structured settlements from individuals in exchange for lump-sum payments, hired Paris & Chaikin PLLC to file the papers in state courts in New York seeking approval of the sales.

In addition to the firm, the company sued partners Jason Paris and Ian M. Chaikin and a paralegal, Thomas Rubino.

Paris and Chaikin told Stone Street they were experienced in presenting structured-settlement transactions to New York courts, the company said in a filing.

The firm advised Stone Street to send them the case files, which would be assigned to Rubino, “who was experienced in handling these types of files,” the company said. The law firm told Stone Street Rubino would be supervised at all times, according to the complaint.

Stone Street sent more than 100 files to Paris & Chaikin, from 2009 to 2013, with Rubino as the company’s main point of contact. The firm advised Stone Street of court scheduling matters and would send Stone Street “a file stamped order,” the company said.

In October 2013, Chaikin and Paris visited their client to advise that they had “uncovered irregularities” and were aware of at least one phony court order, Stone Street claims. The firm was uncertain how many others like it there might be.

Seventy-six court orders were falsified, Stone Street claims. When it disclosed the problems to the insurance companies, they stopped making payments to Stone Street and institutional investors, the company said in a filing.

The law firm, Chaikin and Paris “failed to exercise the care, skill and diligence commonly possessed” by the legal profession, Stone Street said. They also did not properly supervise Rubino, the company claims.

Chaikin, Paris and Kevin Szczepanski, the lawyer representing Stone Street, didn’t respond to calls seeking comment about the lawsuit. Rubino could not be contacted.


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Structured Settlement Advisor

New Hampshire Transfer Payment Rights

New Hampshire Residents:  MuStructured Settlement Advisorst go out of State to Transfer Payment Rights

You may have an opportunity to still transfer structured settlement payment rights even though New Hampshire does not have a Structured Settlement Protection Act.

 

According to the National Association of Settlement Purchasers, “This state [New Hampshire] does not yet have its own structured settlement transfer law enacted.  People who live there MAY be able to transfer their structured settlement payment rights under the law of the state where the insurance company is based.”

 

There are two insurance companies involved, a Life Insurer and a Casualty Insurer, whose offices may be in multiple states.  Which state do you choose?  Did you know that different states and different counties will offer you a different price on your dollar?

 

Which state will best protect you and give you the most amount of money for your dollar?

 

We’re a nation-wide independent professional advisor.  Not only can we help locate and contact the insurance companies for you, but we are able to negotiate a better price for your dollar.

New Hampshire Transfer Payment Rights

Let us help.  Call today for a free consultation.

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.

New Hampshire Transfer Payment Rights


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Structured Settlement Advisor

Ohio Independent Professional Advice

Ohio Residents:  You must have independent professional advice

Ohio’s Structured Settlement Protection Act (SSPA) defines “independent professional advice”:

 

2323.58(E) “Independent professional advice” means the advice of an attorney, a certified public accountant, an actuary, or any other licensed professional adviser if all of the following apply:

(1)  The payee has engaged the services of the licensed professional adviser to render advice concerning the legal and other implications of a transfer of structured settlement payment rights.

(2)  The licensed professional adviser has signed a statement to the effect that the licensed professional adviser rendered advice to the payee concerning the legal and other implications of a transfer of structured settlement payment rights.

(3) The licensed professional adviser is not affiliated in any manner with, referred by, or compensated in any manner by the transferee of the structured settlement payment rights.

(4)  The compensation of the licensed professional adviser is not affected by whether or not a transfer of structured settlement payment rights occurs.

 

For instance, in 2011 there was an approved court order in Hamilton County, Ohio that worded the confirmation of the seller receiving independent professional advice:

 

“That Mr./Ms._________________________ has been advised in writing by company _________________________, Transferee, to seek independent professional advice regarding the legal and other implications of the transfer and has received said advice.

Ohio Independent Professional Advice

There are a handful of states in the United States that require independent professional advice:

  • Alaska
  • Delaware
  • Louisiana
  • Maine
  • Maryland
  • Minnesota
  • Missouri
  • North Carolina
  • Ohio

We provide nation-wide independent professional advice.  Call today for a free consultation.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

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.