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27 Apr 2012, 8:52 am
Although an annuity is usually purchased to fund the future payments, sometimes the funding assets are United States Treasury bonds. [read post]
26 Apr 2012, 5:41 am
Its general characteristics: Defense control resulting from defense funding; Defense-approved lists of annuity providers and brokers; Proactive case identification and negotiation participation by defendants designed to sell structured settlements; De minimus regulation of sales conduct resulting in a lack of: Disclosure - of compensation sharing and/or conflicts of interest; Product suitability standards; and/or Informed written consent by structured settlement… [read post]
24 Apr 2012, 7:37 pm
But in an arena where a private-market annuity might easily cost a couple of million, $260,000 doesn't sound like a lot. [read post]
20 Apr 2012, 6:00 am
If there is a doubt whether it should be included, it is probably a good idea to speak with your attorney about the matter, and they will be able to advise you more specifically where the property should be included in the petition.The bankruptcy schedules require Debtors to disclose personal property, such as vehicles, furniture, household goods, jewelry, wedding rings, bank accounts and the money in those accounts, cash on hand, retirements funds, annuities, stocks, tools… [read post]
20 Apr 2012, 3:00 am
First, at the end of the annuity, any remaining funds will pass to the charity. [read post]
18 Apr 2012, 3:21 pm
The 5th Circuit , relying on Great-West Life & Annuity Ins. [read post]
17 Apr 2012, 11:37 pm
Two of the plaintiffs had terminated their interest in John Hancock funds before the original Complaint was filed, and the third plaintiff terminated their interest in John Hancock funds before the 2nd Amendment Complaint was filed with the district court. [read post]
17 Apr 2012, 9:16 pm
Vaughn stated: "The Executive Life insolvency remains the only instance where any insurer of structured-settlement annuity has not made all payments in full and on time. [read post]
17 Apr 2012, 9:14 am
One result of protecting factoring companies and ELNY structured settlement payment right investors could be a reduction in funds available to other ELNY shortfall victims. [read post]
16 Apr 2012, 11:33 am
She notes also that "[t]he bank that held the certificate of deposit [the funding vehicle] ... had discussed with Mr. [read post]
15 Apr 2012, 8:35 pm
Babener concluded by addressing these additional settlement tax considerations: legal expenses; structured settlements; qualified settlement funds; and transfers of structured settlement payment rights. [read post]
11 Apr 2012, 7:45 am
Once their assets were divided, the Wife received $2.7 million in IRAs and annuities. [read post]
10 Apr 2012, 2:00 am
It does not apply to non-ERISA plans such as governmental or non-electing church plans and it does not apply to IRAs or non-qualified annuities. [read post]
9 Apr 2012, 11:23 pm
In Retirement Board of Policemen's Annuity and Benefit Fund of City of Chicago v. [read post]
9 Apr 2012, 7:03 am
We have utilized special needs trusts in appropriate cases for more than 20 years, funded by cash directly from an insurance company or by a stream of income from a structured settlement annuity. [read post]
6 Apr 2012, 1:41 pm
Other structured settlement payees, whose structured settlements were funded with qualified assignments, likely would not have similar secondary payment options because First Executive Corporation (FEC), the purchaser and owner of their annuities, declared bankruptcy in 1991 and no longer exists. [read post]
4 Apr 2012, 6:46 pm
That falls primarily to Medicaid, the jointly funded state and federal program intended for the poor. [read post]
4 Apr 2012, 7:51 am
The two types are a Charitable Remainder Annuity Trust (CRAT) or a Charitable Remainder Unitrust (CRUT). [read post]
3 Apr 2012, 9:25 am
As I thankfully never sold an Executive Life of NY annuity, or Executive Life of California, I have been spared the trauma of having to deal with any of my personal clients experiencing a payment shortfall. ( In fact I have old letters begging clients to not use these firms as it was clear the junk bonds supporting these annuities were built on sand.) [read post]
3 Apr 2012, 9:25 am
As I thankfully never sold an Executive Life of NY annuity, or Executive Life of California, I have been spared the trauma of having to deal with any of my personal clients experiencing a payment shortfall. ( In fact I have old letters begging clients to not use these firms as it was clear the junk bonds supporting these annuities were built on sand.) [read post]
