Settlement Payments Laws by State

When it comes to selling a structured settlement, 47 states have adopted specific statutes governing the process of selling your structured settlement annuity payment rights. These statutes are designed, based on the Internal Revenue Code 5891 that was passed by Congress as HR 2884 in 2001 and signed into law by the President in 2002. The Internal Revenue Code 5891 requires that all structured settlement transactions be approved by a state court, in accordance with a qualified state statute. The statutes must make certain that the transfer is in the best interest of the seller, taking into account the welfare and support of any dependents. This helps ensure that structured settlement purchasers treat sellers fairly in this process.

At Annuity Transfers, our staff has over 40 years of combined experience working with structured settlement transfers and has helped thousands of customers receive cash for structured settlements when they needed it the most. We always put the best interest of our customers first and follow the letter of the law. The results of this “customer first” approach speak for themselves. We maintain an A+ rating with the Better Business Bureau and a court approval rate of over 99% on our structured settlement transactions.