Wednesday, February 20, 2008

Do You Need a Lawyer to Sell Your Structured Settlement?

Filed under: Structured Settlements — Structured Settlements Pro @ 8:10 am

The process of selling structured settlement payments for a lump sum requires going to court and receiving a judge’s approval.

However, whether or not you need a lawyer is primarily up to the state you live in. Most states do not require the recipient to have legal representation. Although, the company you are working with to convert you payments to cash will have a lawyer present to assist in the proceedings.

There are, however, eight states that do require you to have a lawyer with you at the court hearing:

● Alaska ● Maryland
● Delaware ● Minnesota
● Louisiana ● North Carolina
● Maine ● Ohio

In states where an attorney is required you can expect some help from the company you are working with to sell your payments. They will assist with the court and legal process to make the transaction easy and quick.

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