What is a "structured settlement attorney"?
The term "structured settlement attorney" is one of the key search terms driving traffic to one of the settlement industry's web sites. So I did a Google search and sure enough a bunch of "structured settlement attorneys" come up.
For your consideration:
- You don't have to be an attorney to advise someone about a structured settlement.
- You need an active life insurance license, not a license to practice law in order to solicit structured settlement annuities.
- While this author respects the practice of law and his many friends who practice it, it is arguable whether a settlement consultant simply possessing a law degree presents any advantage to a client over a professionally qualified settlement adviser with years of experience and other relevant degrees and/or professional designations. It's like one of my friend who states on Match.com his/her occupation as "lawyer", in an effort to fit into "the square box" of attraction for the opposite sex, when he/she is in a completely unrelated field and they haven't practiced law in years.
- A commercial attorney who represents purchasers of structured settlement payment rights, pursuant to a structured settlement factoring transactions, is not a "structured settlement attorney".