Non Qualified Structured Settlements in Divorce

 Stable cash flow is important to payee spouses in divorce. Continually writing out checks by a paying spouse can also be a constant reminder of failure. A divorce non qualified structured settlement can be an alternative solution to these problems.

     Did you know that obligations resulting from the division of property in a divorce settlements can be assigned to Pruco Assignment Corporation once the Settlement Agreement delineates an obligation to make periodic payments?

  The annual payments to the receiving spouse will not be tax reported, however, the interest accrued on the annuity is reported annually. The interest can be reported to either the assignor (payor spouse) or the payee spouse, depending on the language in the Settlement Agreement.

  The following are documents needed for Divorce Settlements – Division of Property non qualified assignments:

•  Non-qualified Assignment and Release (NQA)
•  IRS W-9 for either the annuitant (payee spouse) or the assignor (payor spouse), depending on the language in the Settlement Agreement.
•  Application (submitted by 4structures.com, LLC)
•  Court approval of settlement

For further details call John Darer at 888-325-8640