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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


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Structured Settlement Guide For Rhode Island

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

Rhode Island Settlement News

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Rhode Island City Court Pages

Click to go to Site: Rhode Island Circuit Court Pages
Click to go to Site: Rhode Island Superior Courts
Click to go to Site: Courthouse Addresses of RI

The following Rhode Island cities have court information at above links:

  • Providence
  • Warwick
  • Cranston
  • Pawtucket
  • East Providence
  • Woonsocket
  • North Providence
  • West Warwick
  • Newport
  • Bristol
  • Central Falls
  • Westerly

Structured Settlement Rhode Island State Laws

§ 27-9.3-4 Approval of transfers of structured settlement payment rights. – (a) No direct or indirect 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 structured settlement payment rights unless the transfer has been approved in advance by a final court order of the superior court for the county in which the payee resides finding that: (1) The transfer is in the best interest of the payee, taking into account the welfare and support of the payee's dependents; and (2) The payee has been advised in writing by the transferee to seek independent professional advice regarding the transfer and has either received independent professional advice or knowingly waived the advice in writing; and (3) The transfer does not contravene any applicable statute or the order of any court or other government authority. (b) The payee shall have the right to cancel the transfer agreement, without penalty or further obligation, not later than the third (3rd) business day after the date the transfer agreement is signed by the payee...

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

RI Help Sites Structured Settlement Related Issues