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March 16, 2014

Sumter County FL Court's Structured Settlements "Soft Touch" Used in Ads by Cash Now Pusher!

by Structured Settlement Watchdog®

"Are you looking for where and how it is easiest selling structured settlement payments in Florida?", asks Mainstreet Structured Settlement Funding, a spin off from Fairfield Funding based in Lawrenceville, Georgia.

When a cash now pusher starts naming Sumter County in its advertising we have a problem members of the State of Florida Senate and House of Representatives in Tallahassee Florida!

Download Selling Structured Settlements Florida Sumter County Mainstreet Funding 3-16-2014

Mainstreet Structured Settlement Funding says "One of the courts that hears these cases is the Sumter County Florida court. Sometimes that particular court does not require that you appear before the judge in person". The statement is made in the context of Mainstreet comparing Florida to West Virginia and Maryland where an "in person" hearing IS required.

Like the burgers you can buy and microwave at your local gas station or convenience store, that's a "BigAZ" problem!

It's a problem that could be exploited and result in a slip through of a structured settlement transfer that was not in fact in the seller's best interest or his or her dependents, because there was no in person hearing. I know of at least one such Florida case where I was contacted by a seller shortly after a structured settlement transfer had been completed.  Within minutes of speaking with him, it was obvious that there was no way the transaction was in his best interest or the best interest of his two toddlers. While court records in Okeechobee County (not Sumter in that case) would show that the end result was a recission of the transfer order, had he not sought me out, or hired an attorney, he would have been screwed.

An in person hearing would have prevented the near tragedy.

Posted at 07:30 PM in Boca Raton Florida Structured Settlements, Broward County Structured Settlements, Florida Structured Settlements, Forum Shopping Structured Settlements, Jacksonville Florida Structured Settlements, Judges on Structured Settlement Factoring, Judges Responsibility and Structured Settlements, Miami Structured Settlements, Orlando Florida Structured Settlements, Palm Beach Structured Settlements, Sarasota Structured Settlements, Sumter County Structured Settlements |

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Guide to Structured Settlements 2024

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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.
  • Compare Structured Settlement IRR to Other Settlement Alternatives
    Use the Taxable Equivalent Yield chart to help compare the Internal Rate of Return (IRR) of a structured settlement to other alternative or complementary investments. Need help with the chart? Call 4structures.com® LLC at 888-325-8640
  • Structured Settlement Payments | Types of Structured Settlements 2024
    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 .
  • Structured Attorney Fees for Tax Deferral for Attorney Contingency Fees
    Structured attorney fees is a financial strategy that offers a unique way to defer taxes for lawyers and law firms. Lawyers CAN structure their legal fees even if the plaintiff doesn't structure their settlement. There are multiple ways to structure your attorney fees, such as capped or uncapped index linked structured settlement annuities where payments are adjusted based on upside changes in the S&P 500 or another index, Trial Lawyers may also use a special deferred pay/deferred compensation arrangement, if market based returns returns are desired with no cap. Plan NOW for year end! Put structured attorney fee expert John Darer® on your settlement planning team in 2024.
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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
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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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