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 ConnecticutBelow is local Connecticut information related to courts, and structured settlement topics. You may have to visit or phone call a local Connecticut courthouse when working with your structured settlement.
Connecticut Settlement News
Connecticut City Court PagesClick to go to Site: Connecticut Main Court Pages
Structured Settlement Connecticut State LawsSec. 52-225k. Transfer of structured settlement payment rights: Procedure for approval. (a) An application under sections 52-225g to 52-225l, inclusive, for approval of a transfer of structured settlement payment rights shall be made by the transferee and may be brought in the superior court for the judicial district in which the payee resides or in which the structured settlement obligor or annuity issuer maintains its principal place of business or in the superior court or before the responsible administrative authority that approved the structured settlement agreement. (b) Not less than twenty days prior to the scheduled hearing on any application for approval of a transfer of structured settlement payment rights under section 52-225i, 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 approval, 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 section 52-225h; (4) A listing of each of the payee's dependents, together with 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) Notification of the time and place of the hearing and notification of the manner in which and the time by which written responses to the application must be filed, which shall be not less than fifteen days after service of the transferee's notice, in order to be considered by the court or responsible administrative authority... * See more and actual structured settlement statutes at Connecticut State government law site pages
CT Help Sites Structured Settlement Related Issues
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