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 IndianaBelow is local Indiana information related to courts, and structured settlement topics. You may have to visit or phone call a local Indiana courthouse when working with your structured settlement.
Indiana Settlement News
Indiana City Court PagesClick to go to Site: Indiana Main Court Pages
Structured Settlement Indiana State LawsIC 34-50-2-8 Applications for approval of transfers Sec. 8. (a) An application under this chapter for approval of a transfer of structured settlement payment rights must be filed in: (1) the Indiana court in which the underlying tort action was pending; or (2) the court of general jurisdiction in the Indiana county in which the payee resides. (b) The following apply to an application filed under subsection (a): (1) Upon filing of the application, the court shall set a date and time for a hearing on the application not earlier than twenty (20) days after the application is filed and shall notify the applicant of the date, time, and place of the hearing. The court shall give precedence to a hearing set under this section in accordance with Indiana Trial Rule 40. (2) The applicant shall file with the court and shall serve on: (A) all interested parties; (B) the annuity issuer; and (C) the structured settlement obligor; in the manner prescribed in the rules of civil procedure for the service of process, a notice of the proposed transfer. (3) The notice required under subdivision (2) shall include: (A) a copy of the application; (B) a copy of the proposed transfer agreement, including the transferee's: (i) name; (ii) address; and (iii) taxpayer identification number; (C) a copy of the disclosure statement provided by the transferee under section 6 of this chapter whenever the application is filed by a person other than the payee; (D) notification of the date, time, and place of the hearing on the application; and (E) notification that an interested party may support, oppose, or otherwise respond to the application, either in person or by counsel, by: (i) submitting to the court a written response containing the interested party's support of, opposition to, or comments on the application; or (ii) participating in the hearing. (4) At the conclusion of the hearing on an application filed under subsection (a), the court may enter an order: (A) granting approval with or without modification; or (B) denying approval; of the transfer. If the court grants approval of the transfer, the court shall include in the order all of the express findings required under section 7 of this chapter. If the court denies the approval of the transfer, the court shall include in the order the reasons for the denial. (5) An order of the court made under subdivision (4) is a final and appealable order. As added by P.L.219-2001, SEC.6... * See more and actual structured settlement statutes at Indiana State government law site pages IN Help Sites Structured Settlement Related Issues
|
