Buy Structured Settlements or Sell Yours For Cash Now

You need someone to buy structured settlements in order to off-load yours and get a lump sum in return.  A structured settlement is a financial or insurance arrangement where someone who has been awarded a settlement or sum of money in order to make recompense for some sort of wrong doing and often you can buy structured settlements as investment opportunities.  This can be done as the result of an injury or any other damage to person or property.  Structured settlements were started back in the 1970’s as an alternative to making large sum settlement payments.  Structured settlements are now a part of the statutory law of several countries including; Australia, Canada, England and the United States.  Although there are some similarities between the different countries laws, the general structure is the same.  Settlements usually include income tax and spendthrift requirements as well as other named benefits.  Settlements are also referred to as ‘periodic payments.’  A settlement that is included into a trial judgment is called a ‘periodic payment judgment.’

If you are looking for someone who wants to buy structured settlements you are looking for a company that will also purchase structured settlements from you in order to then re-sell on the open market in the form of a bond of some kind.  When buying structured settlements these companies are essentially buying a security backed investment that pays out monthly.  In order for them to make money after buying it from you they have to sell it for more than they bought it.  Which means you will not get full value for the annuity.  In order to get the best idea on how much you can expect from a settlement, you need to get free quotes from the companies that buy them.

The United States has taken steps to legislate structured settlements on both the state and federal levels. The Internal Revenue Service regulates the taxation laws in its Internal Revenue Code.  State laws usually control the periodic payment structures in the judgment.  Medicaid and Medicare also affect the dispersing of funds in a structured settlement.  Often where Medicaid and Medicare are involved structured settlement payments are incorporated into what are referred to as ‘Medicare Set Aside Arrangements’ or ‘Special Needs Trusts.’

Settlements are endorsed by some of the nations largest disability rights organizations, including the American Association of People with Disabilities and the National Organization on Disability.

Suze Orman is a well know TV financial analyst who wrote in a column that structured settlements ‘provide ongoing income and reduce the risk of blowing a lump sum though poor financial choices.’  In response to a readers q

uestion she added that financial security can be improved, ‘if you use the structured payouts wisely.’

Typically a structured settlement is set-up as follows; An injured party (the plaintiff) settles a dispute with the defendant and or its insurance carrier for car accident compensation as an example.  Like the lawyer in your town who says he’ll sue the insurance company for you.  The defendant agrees that rather than a lawsuit they will pay you a specified amount of money.  This specified amount is paid out over time in one of several ways.  Basically they find some sort of long term pay structure where they know they will continue to receive payments.  Ironically one of the most common assets to fund a structured settlement is a life insurance policy, or series of policies.  They are high yield and create a constant income flow, so if you sue your neighbor for running over your cat and you settle for $20,000 – there is a good chance his brother’s life insurance payments are funding your settlement.

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Janus Mutual Funds Settlement

Janus Mutual Funds Settlement refers to the company Janus Mutual Funds and a pending lawsuit wherein Janus Mutual Funds created a settlement account to award share holders. This happened because Janus Mutual Funds mirepresented itself to its clients and was forced to come to a settlement. Below you will find the exact legal language and ramifications if this applies to you;

The purpose of this website is to inform you of the Settlements reached in the class action and derivative lawsuits that are now pending in the United States District Court for the District of Maryland (the “Court”) relating to certain Janus Mutual Funds (”Janus Funds”).

You or someone in your family may have held, purchased or acquired shares in one or more of the Janus Funds during the period from January 1, 2000 through September 30, 2003, inclusive. You may also currently hold shares in one or more of the Janus Funds.

If this description applies to you, you have a right to know about the Settlements and all of your options, before the Court decides whether to approve the Settlements. If the Court approves the Settlements and after any objections or appeals are resolved, the Claims Administrator appointed by the Court will make the payments that the Settlements allow.

In the lawsuits (the “Actions”), Plaintiffs allege that the Defendants were involved in unlawful market-timing and late trading in the Janus Funds. Market-timing is a term used to describe short-term, “in and out” trading of mutual fund shares, which may be used to capitalize on inefficiencies in the way mutual fund shares are priced. Late trading is a form of market-timing that involves placing orders to buy, sell or exchange mutual fund shares using the prior day’s price to capitalize on information obtained after the close of the market.

In 2003, the first action based on the alleged market-timing and late trading practices was filed in the federal court. In the weeks and months that followed, numerous suits were filed in courts throughout the country. Various other mutual fund families identified as being involved in the regulatory market-timing and late trading investigations likewise were named in numerous complaints filed in courts throughout the United States. On February 20, 2004, the Judicial Panel on Multi-District Litigation issued an order centralizing all of these actions in one multi-district docket in the United States District Court for the District of Maryland under the caption MDL-1586 – In re Mutual Funds Investment Litigation (the “MDL Actions”). By letters to counsel in the MDL Actions dated April 9, 2004 and April 12, 2004, the Court assigned four Judges a separate track of the MDL Actions, with multiple mutual fund families assigned to sub-tracks within each track. The Janus Sub-track was assigned to the Honorable J. Frederick Motz.

On May 24, 2004, the Court issued a case management order consolidating all class actions and other cases involving Janus mutual funds, and all cases brought nominally on behalf of the funds or corporate parents of the funds or their investment advisors and styled as derivative actions, for pretrial purposes. By this same case management order, the Court appointed lead plaintiff for the consolidated class claims (“Class Lead Plaintiff”) and approved its selection of Cotchett Pitre & McCarthy as lead class counsel for the Janus Sub-track (“Class Lead Counsel”) and Chimicles & Tikellis LLP as lead fund derivative counsel for the Janus Sub-track (“Derivative Counsel”).

Consolidated complaints were filed against persons affiliated with the Janus Funds, including the investment advisor to the Janus Funds and its affiliates, as well as unaffiliated entities including alleged market-timers and parties that were alleged to have participated or facilitated in market timing of Janus Funds. In February of 2005, certain defendants moved to dismiss the complaints.

In August 2005, Judge Motz issued an opinion which denied in part and granted in part defendants’ motion to dismiss. Certain parties began discovery and, thereafter, agreements to settle were reached with the settling defendants.

For more information about the proposed Settlements and your options, including the Notice and Claim Forms, please visit the Documents section of the website.

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