Legal Advice Regarding Sales of Annuities & Structured Settlements Throughout The State of Ohio
Ohio law requires court approval of a sale of an annuity or structured settlement. Before a court approves the sale of an annuity or structured settlement, the seller must have received independent professional advice (or waived that opportunity) regarding the legal and other implications of the transfer. Terms such as present value and imputed interest rate are included in the transfer documents. An understanding of the tax effect (if any) of transferring future payments is also vital to making an informed decision.
Attorney Fredric Boyk, Esq. has the experience and professional background to furnish the proper legal guidance. You can call Attorney Fredric Boyk, Esq. at (419) 327-6160 to discuss your situation.