| When a plaintiff settles an ongoing case for a | | | | execute two types of structured annuity |
| large sum of money, the plaintiff's attorney, the | | | | purchases, full and partial. When you choose to sell |
| defendant or the financial advisor who has been a | | | | the full amount of your future settlement |
| part of the proceedings might propose | | | | payments, it is known as a full purchase. When |
| installments over payment of a lump sum. | | | | you sell a part of your payments, you agree to |
| Settlements, which are paid in installments, are | | | | sell a part of your annuity over a certain time |
| known as structured settlements. Based on your | | | | period. |
| needs, you can choose to receive these | | | | Here are some of the common reasons clients |
| settlements, or sell a part or the the annual | | | | choose to sell their structured settlements in |
| payments in whole. | | | | Georgia: |
| Although there are laws in two-thirds of the | | | | - Long due credit card payments |
| states in the U.S. to restrict the sale of structured | | | | - Home or car purchase |
| settlements, according to the Georgia Structured | | | | - Rising medical expenses |
| Settlements law, you can trade annuity payments | | | | - Investment |
| for upfront cash. | | | | - Unemployment |
| According to the Statute and Bill # O.C.G.A. § | | | | - Vacation |
| 51-12-71 (GA H.B. 792), which was enacted on 6 | | | | Do you feel that you want to sell your structured |
| 4/2003 and is effective from 7/1/2003, the law, | | | | settlement for any of the reasons listed above? |
| permits the sale or assignment of Georgia | | | | It helps to know the law in detail, or consult a |
| payment rights, subject to a court's review and | | | | financial advisor or attorney, who will be able to |
| approval based on showing that the proposed | | | | take you through the process. You need to be on |
| transfer is in the consumer's "best interests," | | | | guard for potential exploitation in relation to the |
| taking into account the welfare of the consumer's | | | | settlement too. Exploitation in the form of |
| dependents (if any). However, it requires certain | | | | overstated value, greater commissions, and |
| disclosures and other consumer protections. | | | | consider your life expectancy before you get into |
| Throughout the state of Georgia, you can | | | | any agreement. |
