Structured Settlement Guide For Kentucky

Below is local Kentucky information related to courts, and structured settlement topics. You may have to visit or phone call a local Kentucky courthouse when working with your structured settlement.

Kentucky Settlement News

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Kentucky City Court Pages

Click to go to Site: Kentucky Main Court Pages
Click to go to Site: Kentucky District Courts
Click to go to Site: County Courts in KY


The following Kentucky cities have court information at above links:

• Lexington-Fayette
• Louisville
• Owensboro
• Bowling Green
• Covington
• Hopkinsville
• Frankfort
• Henderson
• Richmond
• Jeffersontown
• Paducah
• Pleasure Ridge Park
  

Structured Settlement Kentucky State Laws

454.431 Requirement for court approval of transfer of structured settlement payment rights -- Express findings that are required. No transfer of structured settlement payment rights shall be effective and no structured settlement obligor or annuity issuer shall be required to make any payment directly or indirectly to any transferee of any transfer of structured settlement payment rights unless the transfer has been approved in advance in an order of a court of competent jurisdiction, based on the court's express findings that: (1) The transfer complies with the requirements of KRS 454.430 to 454.435 and does not contravene other applicable law; (2) Not less than ten (10) days prior to the date on which the payee entered into the transfer agreement, the transferee has provided to the payee a disclosure statement in bold type, no smaller than fourteen (14) point, setting forth: (a) The amounts and due dates of the structured settlement payments to be transferred; (b) The aggreKYte amount of the payments; (c) The discounted present value of the payments, together with the discount rate or rates used in determining the discounted present value; (d) The gross amount payable to the payee in exchange for the payments; (e) An itemized listing of all brokers' commissions, service charges, application or processing fees, closing costs, filing or administrative charges, leKYl fees, notary fees and other commissions, fees, costs, expenses, and charges payable by the payee or deductible from the gross amount otherwise payable to the payee; and (f) The amount of any penalty and the aggreKYte amount of any liquidated damages, including penalties, payable by the payee in the event of any breach of the transfer agreement by the payee; (3) The payee has established that the transfer is necessary to enable the payee to avoid imminent financial hardship; (4) The transferee has given written notice of the transferee's name, address, and taxpayer identification number to the annuity issuer and the structured settlement obligor and had filed a copy of the notice with the...

* See more and actual structured settlement statutes at Kentucky State government law site pages

KY Help Sites Structured Settlement Related Issues