Litigation

The accompanying picture of Bill Tilley, President of Amicus Capital Services, LLC , belies the inarticulate explanation of structured settlements attributed to him and his company on Ezine Articles.

From Valencia California Tilley delivers a malaprop that "Archie Bunker" would be proud of in stating   that " a structured settlement is a great option for long-term viability...".

You must understand that once you agree to the settlement plan, you can't change the terms of the structured settlement.

Comment

A settlement planner is a financial professional who helps to design the optimal plan for distribution of a plaintiff's settlement proceeds and to guide the individuals and/or their attorneys through the plan and its implementation. There are some restrictions on structured settlements tied to the tax benefits. The terms "settlement plan" and "structured settlement" are separate and distinct. A settlement plan may or may not include a structured settlement. If there is a structured settlement it could take several forms, a structured annuity, a structured variable annuity or a United States Treasury Bond Structured Settlement. A settlement plan rarely includes just a structured settlement and long term needs should be balanced with liquidity.

More Tilley Words Of Wisdom

"Literally, you have to live with whatever you agree to".

Comment

NO YOU DON'T! Read IRC 5891. See the commercials of any cash now pusher!

And what is wrong with living with what you agreed to?

More Tilley Words Of Wisdom

"Most states have laws that prevent you from selling your structured settlements".

Comment

Actually most states have laws that provide rules concerning the transfer of structured settlement payment rights. These rules  DO NOT prevent you from selling your structured settement payment (rights), unless a judge says that such transfer is not in your best interest and/or the best interest of your dependents.

More Tilley Words Of Wisdom

"They should have a list of established, well-funded, and reputable companies who will not take you for a last ride".

Comment

Why would anyone want to be taken for a ride for the first time? Perhaps a small exception could be made for the Structured Asseff Ferrari that you might want to test drive and kick the tires before commiting to give up your entire structured settlement to be able to afford it.

More Tilley Words Of Wisdom

"To make sure that you obtain the highest payoff, consult with a financial advisor or the company that helped you manage your structured settlement plan".

Comment

Wrong again, maybe. According to the industry gossip queen, 90% of her structured settlement industry clientele seek or accept fees when referring a structured settlement factoring transaction. It has been proven that such compensation comes right out of what the tort victim receives. Such compensation may not be disclosed by the financial advisor or settlement consultant. Be sure to ask and then, if you want to do busines with them, negotiate them down.

And there's more, but you get the picture!