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December 04, 2009

Settlement Planner's "Cut And Paste" is Showing. It's So Silly

by Structured Settlement Watchdog

It was all rather silly when you were 7 or 8 years old and were taunted by friends that "you're epidermis is showing". Fast forward a few years and I've got to do it, in another way to "Silly Billy" Tilley.

I give Bill Tilley credit for enthusiastically flooding the Internet with content about settlement planning topics, but jeez, Bill Tilley can't proof read what he is publishing?

This JUST PUBLISHED December 2, 2009

"The Periodic Payment Settlement Act of 1982 explicitly encourages the use of structured settlements.
U.S. Treasury obligations or more commonly a life insurance company annuity will fund the payment stream of Structured settlement payments are completely Tax Free.. This significant financial advantage was created 20 years ago by Congress to give beneficiaries a strong incentive to choose a structured settlement and the long term security they provide", said Tilley.

Tilley Timelines Mismatched

According to my math, 2009 minus 1982 equals 27 years. The act became effective in January 1983, when President Ronald Reagan signed it into law,  so even using that assumption we're still talking about 27 years.

I was going to point out that generally speaking, in the English language, it is common to maintain a consistent relationship between the primary noun and any references to it, keeping singular singular and plural plural. But that would be insulting wouldn't it?

Structured settlement payments ARE NOT completely tax free. They are only income tax free if the periodic payments represent payment for damages that are excludable from income under the Internal Revenue Code Sections 104(a)(1) or 104(a)(2)

They are not estate tax free, although high exempt amounts will mitigate this risk on smaller structured settlements.

Your choice...should questions be raised about BIll Tilley's ability in (1) basic arithmetic (2) attention to detail, assuming he wrote it or (3) integrity, if he didn't

As harsh as the reality may seem, some people make it easier than a rigged game of "whack a mole"

 

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Posted at 08:56 AM in Over The Top Structured Settlement Marketing, Periodic Payment Settlement Act of 1982, settlementplanning.com, Structured Settlement Payments, Structured Settlement Tax Issues |

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  • Treasury Funded Structured Settlements
    Treasury Funded Structured Settlements are a settlement option for the most conservative using the OTHER permissible qualified funding asset under IRC 130(d), United States Treasury Bonds in addition to, or instead of, structured settlement annuities. Treasury Funded Structured Settlements can also be used to fund installment sales, also known as structured sales and other non qualified structured settlements.
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    Ways You Can Structure Your Settlement Payments in 2024. With a structured settlement you can have more than one type of payment in a single contract. Different types of structured settlement payments can be customized and combined to meet your needs on a stand-alone basis, or in conjunction with other financial products. Diversify your structured settlement, if you wish, by funding with more than one annuity issuer, with treasury funded structured settlements, index linked structured settlement payments and market based structured .
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  • What Are Structured Settlement Annuities?
    Structured settlement annuities are annuities that can provide one or more customized annuity payment streams in a single contract. Read about structured settlement annuities here.
  • History of Structured Settlements
    Tracing the roots of structured settlements history from 1918, when Congress exempted damages for personal injury or sickness from income tax, to the establishment of structured settlements as a core personal injury settlement planning tool to the present day.
  • What Are Market Based Structured Settlements?
    Market based structured settlements are an alternative or supplementary structured settlement solution for the plaintiff, attorney or law firm that: 1. Can afford to take some market risk 2. Have discretionary settlement dollars. Claimants and attorneys alike may find that market-based structured settlements provide the opportunity to receive tax-free income, or tax-deferred income, while enjoying growth potential.
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Qualified Settlement Funds

  • What is a Qualified Settlement Fund?
    Qualified Settlement Funds | What You Need to Know
  • Firmwide Qualified Settlement Funds Debunked
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