Orange County Independent Professional Advisor

Eugene A. Ahtirski's Consumer Law Legal Blogs

Licensed for 28 years

Attorney in Van Nuys, CA

Eugene A. Ahtirski

Free initial consultation, Credit cards accepted

Serving Van Nuys, CA

  • Serving Van Nuys, CA

  • Free initial consultation, Credit cards accepted

Attorney at firm Ahtirski Law Offices

Serving Van Nuys, CA

Free initial consultation, Credit cards accepted

Orange county has long been a conservative county, and the conservative attitude is now spilling over into structured settlement transfers. In combination to the budget cuts to the courts, they have found that pushing the structured settlement transfers though a single court room, with one judge they can effectively enforce a certain set of prerequisites.

Such as a minimum quotation for present day value, a specific set of best interests, and more importantly a usage of an independent professional advisor. The judges typically do not want to deny the transfer out right if there is a possibility of it being in the best interest of the payee, but they do not have a problem making the payee wait. So getting your case continued in orange county is a big possibility.

Previously an Independent Professional Advisor would simply review the transfer documents and go over it with the payee then draft a letter. That worked and still works, sometimes. Now what we are noticing is that the judges want the payee to get an Independent professional advisor, and they want the IPA to compare the transaction with fair market values and to make sure that certain items of best interest are addressed, before they will approve the transfer.

So what happens if you walk in there and waive your right to an IPA? well its pretty simple if the judge sees anything that triggers their red flag instincts, they will continue the case to give the payee time t get an independent professional advisor and correct the red flags.

Why do the funding companies continue to have payees waive their right to an IPA, when judges are routinely requiring them? It’s simple, its a matter of dollars and cents. In California the statue says that the purchaser is required to pay the IPA, up to $1500. Now in any business you try to not spend money until you have to. In fact not all cases will be continued to get a IPA, so it makes good business sense to not sent people out looking for an IPA. Also if the rates are a little higher than normal use of an IPA may bring that to light, which would mean smaller profits.

Most payees are in some sort of financial hardship and in a hurry to get their money, and do not want to spend the time to get the IPA. When the judges do require a continuance the payee is then put into an extreme hardship.

What can i leave you with that will help you? Well it is just this, that if you are selling your structured settlement in orange county it is in your best interest to save time and money to contact an Independent Professional Advisor as soon as possible.

Simply Google: independent professional advisor to find a IPA near you.

Orange county has long been a conservative county, and the conservative attitude is now spilling over into structured settlement transfers. In combination to the budget cuts to the courts, they have found that pushing the structured settlement transfers though a single court room, with one judge they can effectively enforce a certain set of prerequisites.

‹ Blogs Home