Required Reading
- Disadvantages Of Keeping a Structured Settlement
- Get Cash For Structured Settlements
- FAQ's On Structured Settlements
- Structured Settlement Present Value
- Settlement Phrases To Know
Structured News
Structured Settlement Federal Tax Info Links
- IRS Structured Settlement Factoring Article
- IRS Tax Reported on: For transactions that do not meet the conditions for exemption
Did You Know?
Money in the future is worth less than money today.
To think of it in simple terms, if you loaned a person $1000 today and they said they would return the $1000 in 10 years. You lose all the value of today's money and future interest if you invested the $1000 in your savings account over the same 10 years. Also inflation and prices of almost everything increases in 10 years. There is also the risk if the person will pay it back and on time.
So you would not be able to buy as much with that $1000 that would be returned in 10 years. So $25,000 paid in 50 payments of $500 per month for next 4 years, may be worth today $18,506.44 +- or less. There is also the un measurable factor of "Needing a large amount of money now". To get super technical if your up for it you can read an economics presentation outline from the University of Wisconsin with examples of present value and the value of money. Read More >
Do you have a structured settlement? Are you set to receive future payments for a lawsuit settlement? If so, you may be able to sell your future payments and get a large amount of cash for the payments. Get started >
Sell Your Future Settlement Payments For CASH
< Go Back Structured Settlement Guide For ArkansasBelow is local Arkansas information related to courts, and structured settlement topics. You may have to visit or phone call a local Arkansas courthouse when working with your structured settlement.
Arkansas Settlement News
Arkansas City Court PagesClick to go to Site: Arkansas Court Pages
Structured Settlement Arkansas State Laws23-81-706. Procedure for approval of transfers. (a) An application under this subchapter for approval of a transfer of structured settlement payment rights shall be made by the transferee and may be brought in the county in which the payee resides, in the county in which the structured settlement obligor or the annuity issuer maintains its principal place of business, or in any court or before any responsible administrative authority which approved the structured settlement agreement. (b) Not less than twenty (20) days prior to the scheduled hearing on any application for approval of a transfer of structured settlement payment rights under § 23-83-704, the transferee shall file with the court or responsible administrative authority and serve on all interested parties a notice of the proposed transfer and the application for its authorization, including with the notice: (1) A copy of the transferee’s application; (2) A copy of the transfer agreement; (3) A copy of the disclosure statement required under § 23-83- 703; (4) A listing of each of the payee's dependents and each dependent's age; (5) Notification that any interested party is entitled to support, oppose, or otherwise respond to the transferee’s application, either in person or by counsel, by submitting written comments to the court or responsible administrative authority or by participating in the hearing; and (6)(A) Notification of: (i) The time and place of the hearing; and (ii) The manner in which and the time by which written responses to the application must be filed in order to be considered by the court or responsible administrative authority. (B) The time by which written responses to the application must be filed shall be not less than twenty (20) days after service of the transferee’s notice. * See more and actual structured settlement statutes at Arkansas State government law site pages
AR Help Sites Structured Settlement Related Issues
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