by Structured Settlement Watchdog
Annuity.org has lowered their credibility bar even further by publishing this flunk worthy statement, portrayed as "Fact Checked" in " What Kind of Payment Stream Do I Have?".
"Because structured settlements, which are typically executed through annuities, are legal judgments subject to strict regulations, it can sometimes be confusing to match the payments to the issuer".
- A structured settlement is not a judgment. Structured settlements are established as the result of a negotiated compromise. That's why it's called a settlement. How basic is that?
- Structured settlements are typically funded with structured settlement annuities. They are not "executed through annuities". All Rachel Christian , her editor and fact checker had to do was read IRC 130(d). Once again, it's very basic stuff.
But it was lost on the first "mouse", author, Rachel Christian, who cited 15 sources (only 2 of which have anything to do with structured settlements and none of which confuse a settlement with a judgment) work was edited by second " mouse" Kim Borwick and the third "mouse", financial planner Rubina K. Hossain, CFP.
In what appears to be an admission of sorts, Rachel Christian writes "Some of the confusion stems from the way structured settlements are set up, which includes multiple entities and transactions, starting with the defendant’s transfer of the financial obligation to a subsidiary of an insurance company.
When it comes to structured settlements, it is their confusion that is obvious. There is just no need for their confusion to be transferred to consumers. That is why consumers should only seek advice from people with verifiable structured settlement or settlement planning credentials. The execution of judgment is the act of getting an officer of the court to take possession of the property of a losing party in a lawsuit, called the judgment debtor, on behalf of the winner, called the judgment creditor, sell it and use the proceeds to pay the judgment. [ Source: US Legal]
As I've opined a number of times before, Annuity.org, is not a website that consumers can rely on for accurate information about structured settlements. While Annuity.org ranks high in the search engine results, for 4 years it has done a disservice to consumers with shoddy research while serving to generate leads for a company or companies that are trying to get people who have structured settlements to sell them for pennies on the dollar.
Three blind mice. Three blind mice.
See how they flunk. See how they flunk,
They can't get structured settlement facts right,
The crap they publish shouldn't see broad daylight,
Did you ever see such a sight in your life?
As three blind mice?