Blog Post

Structured Settlement Assignment Agreements

John Darer • Mar 31, 2019

What Exactly is Being Assigned

in a Qualified or Non Qualified Assignment?

structured settlement assignments

Important tip concerning the fundamentals

of structured settlement documentation


When a structured settlement is established. the sequencing goes as follows:

 

  1. Periodic payment obligation is established in the Settlement Agreement and Release
  2. The obligation to make future periodic payments is assigned.
  3. Concurrent with the assignment the Assignor [(which is the Defendant or his/her/its insurer(s)], funds the future periodic payment obligation by check or wire to the assignment company.
  4. The funding asset, generally a structured settlement annuity, is purchased by the assignment company, or assignee.

 

This is the sequencing regardless of whether there is a qualified assignment or non qualified assignment.


For more information please refer to How Structured Settlements Work


Last updated July 8. 2023

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