Structured Settlements: What is an Assignee?
An assignee is someone who has been named as the holder of a specific contract or granted rights in specific payments when they come due. In some cases, a contract holder is someone who was named as such when the agreement was initially set up. In other cases, the contract holder, beneficiary or assignee can change according to a legal agreement to buy, sell or otherwise transfer a contract. Think of the assignee as the person “standing in the shoes” of the original person named in an agreement. For example, if the title on a piece of real estate is transferred into your name, you are