Structured Settlement Transfers Lawyers in North Carolina
When individuals with structured settlement plans face financial difficulty, a lump-sum sale to an investor can be a mutually beneficial arrangement for both parties. However, the process of purchasing and transferring a structured settlement can be complicated, and investors can benefit from the help and guidance of an experienced North Carolina structured settlement transfer lawyer like the ones at Crawford & von Keller, PLLC. We are well-versed in the relevant laws and regulations, and can make this process as expeditious and efficient as possible.
Transferring A Structured Settlement
Plaintiffs in North Carolina who are awarded settlements in personal injury claims and suits will frequently receive structured settlements. This arrangement pays out the value of the settlement over a period of years, as opposed to a lump sum payment. However, many recipients of structured settlements would prefer to have all of their money at once, offering an excellent opportunity for investors looking for fixed-income investments.
Many companies are in the business of buying structured settlements from individuals who are seeking a lump sum payment. A structured settlement transfer is the transfer of these payment rights from the individual to the business which purchases them. In order to successfully make the transfer, you must ensure that you are in compliance with Internal Revenue Code 5891 as well as applicable state regulations.
Consulting with an attorney during this process can be beneficial in many ways. An attorney can help you:
- File the necessary paperwork on your behalf
- Advocate for your best interests in court, as federal law mandates that a judge must agree that the transaction is in the seller’s best interests
- Ensure that you are complying with all applicable laws and regulations throughout the process
Contact our Structured Settlement Transfers Attorneys in North Carolina
Transferring a structured settlement can be challenging and complicated, and it may be in your best interests to consult with a legal professional for advice before doing so. At Crawford & von Keller, PLLC, we regularly represent clients who are purchasing structured settlements, so as to ensure that they are abiding by all laws and regulations regarding this type of transaction.
In some cases, a structured settlement transfer may require a court appearance. Our firm also has the necessary knowledge and resources to review documents relating to the transfer, and to see the process through to completion.
If you want to learn more about structured settlement transfers, require legal assistance during the transfer process, or would like to get to know the team at Crawford & von Keller, PLLC better, reach out to our North Carolina office by phone or by filling out our online contact form.