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| structured settlement annuity |
Structured settlement factor that is not the same as the main structure , and the plaintiffs and their counsel should be aware of what a difference .
Tax issues and Structured Settlements
While the primary structured settlement offers some significant tax advantages , such as tax-free principal and interest payments , annuity re - factor does not bring benefits . They are considered regular investments and will be subject to federal , state and local taxes . Annuity factor may offer a higher return to the buyer , however , it is important to calculate the actual return after taxes when making comparisons with other structures .
Transaction Transaction risk factors
Transaction is the result of a series of purchase and sale transactions , from the original claimant to the plaintiff as a new seller as a buyer . This series of steps to add an element of " transactional " risk that , while at least , should be considered by the final purchaser . This risk is why it is important to deal with reputable factoring companies and knowledgeable when buying transactions taken into account .
Primary structured settlements established directly between the annuity issuer and the receiver , so there is a direct contract between the insurance company and benefits . This direct connection has not taken into account transactional risk transactions .
Creditor protection Structured Settlements
Primary structured settlement protected from creditors in accordance with their legal protection . Even in bankruptcy proceedings , they are usually considered exempt assets and can not be accessed by creditors . After passing through a series of structured settlement purchases and sales of annuities to be re - factor , lose this protection . It then becomes like any other investment and open to the rights and claims of creditors , bankruptcy trustees and other claimants .
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