Structured Settlement and Annuity Sales in Georgia

If you are lucky enough to hold a structured settlement or annuity, you may be thinking about selling part or all of this asset in order to prepare for a big financial move like purchasing real estate or paying down debt. However, structured settlement or annuity holders need to know about how their state of residence handles this kind of transaction. If you’re in the state of Georgia, you’ll find that like other states, Georgia handles structured settlement and annuity deals with care in order to protect consumers from some kinds of financial abuses.

Georgia Law and Structured Settlement and Annuity Sales: Court Approval

One of the biggest points of structured settlement and annuity sale requirements in Georgia law is the requirement that a local court must review and approve of all structured settlement and annuity sales. By requiring court involvement, Georgia is like many other states in the U.S.

One of the prime reasons that states require court review of structured settlement and annuity transactions is to make sure that these deals are in the seller’s best interests. State officials realize that without relevant legislation, sophisticated parties might try to arrange deals that may not be equitable for the asset holder. The court will also make sure that dependents who rely on a structured settlement or annuity holder are provided for, for instance, by checking on the child-support status of a seller before the transaction is finalized.

Georgia Law and Structured Settlement and Annuity Sales: Disclosure

The state of Georgia also requires that structured settlement or annuity holders get specific kinds of information before signing off on the sale of one of these assets. Again, many states require this kind of disclosure. One of the things required in Georgia law is a contrast between the total amount of the up-front cash payment offered by the structured settlement or annuity buyer, and an estimate of what regularly scheduled payments are considered to be worth. Buyers of structured settlements and annuities are required to use something called ‘discounted present value’ to come up with these calculations.


One aspect of Georgia state law that is somewhat unique is a part of the law that requires certain cancellation rights for those selling a structured settlement or annuity. Sellers have a specific amount of time in which they can cancel a structured settlement or annuity sale effectively. All of this is spelled out in a 2003 law that governs the sale of these kinds of structured assets.


State laws help to protect consumers, but it also helps to shop around when considering a structured settlement or annuity sale. Some firms can get you better customer service and better offers when it comes to receiving an up-front cash payment in exchange for future scheduled payments. CBC has the experience and dedication to help you put together the right structured settlement or annuity sale plan for you. Talk to us about what makes sense for your finances, and how you can set up a successful transaction in the state of Georgia.


About Us

The Covered Bridge Capital (CBC) brand was founded in 2004 with the mission of assisting individuals who are receiving structured settlement payments over time from court awards, insurance settlements, and other types of annuity payouts. Since then, our knowledgeable professionals have helped hundreds of clients to unlock the value of future payments and turn them into immediate cash.