Should You Sell Structured Settlement Annuity Payments?

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By Simon Volkov

Annuitants wanting to sell structured settlement payments must first determine if this practice is allowed in the state where they reside. Approximately 34 states prohibit the sale or transfer of annuity payments. States which do allow the practice limit the number of annuity payments sold and require Annuitants to obtain court approval prior to the sale.

Annuitants choose to sell structured settlement annuities for many reasons. Some need a lump sum cash advance to fund college tuition, start a business, or pay off outstanding debts. Others want funds for investment purposes such as buying real estate or cash flow notes.

Courts typically frown on requests for selling annuities; particularly if structured settlements were awarded due to serious injury. Injury-based structured settlements are established to ensure Annuitants receive adequate funds to cover living expenses and ongoing medical expenses. Courts are not eager to allow Annuitants to cash-out future payments unless there is substantial proof the sale will positively impact the Annuitant’s life.

Structured settlements are also used to compensate jackpot lottery winners. When individuals win mega-millions they can opt for a lump sum cash payment or annuity payments. When lottery winners accept lump sum payments they receive considerably less money than winners who elect an extended payout. Courts are more open to authorizing the sale of structured settlements used for lottery payouts than those used for injury compensations.

Structured settlements are also used to distribute inheritance funds provided in an irrevocable life insurance trust (ILIT). Courts can swing either direction when Annuitants seek permission to sell inheritance funds. Much depends on how the ILIT was established. Courts respond more favorably when annuity payments are distributed annually vs. being distributed when Annuitants reach major milestones.

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Regardless of the reason structured settlements were established, it is best for Annuitants to obtain legal counsel prior to seeking court approval.

Annuity payments are backed by life insurance companies. When Annuitants sell partial payments they must transfer payment rights to the funding source. Once court authorization is obtained, Annuitants must also obtain approval from the life insurance company.

Annuitants must provide the insurance company with contact information for the funding source, along with the number of payments to transfer. Life insurance companies are not required to approve transfers and are often unwilling to authorize the transfer of future annuities.

Annuity payments are sold to funding sources for a lump sum cash payment. Funding sources are generally private investors, investment companies, and cash advance providers. Some banks and credit unions provide cash for annuities, but the majority of financial institutions do not engage in this type of funding.

Funding sources do not offer full face value of annuities. Investors typically charge an upfront fee ranging between 20- and 30-percent of advanced funds. For example, an Annuitant receives $10,000 every three months and requires $100,000 in cash.

The Annuitant would need to transfer 12 to 13 payments to cover the full amount required, plus the funding source fees. The life insurance company would send payments to the funding source until the cash advance is repaid. Afterward, annuity payments revert back to the Annuitant.

The most common strategy for selling structured settlements is to sell partial payments. Courts rarely approve the sale of structured settlements in whole. The exception is for lottery winnings or if only a few years of payments remain.

The decision to sell structured settlement payments is a decision that should not be taken lightly. Annuitants should carefully weigh the pros and cons of selling future annuities. It is best to consult with a lawyer or tax accountant to determine if this is the best financial decision and to ensure proper protocol is followed.

About the Author: Author and investor, Simon Volkov has published an extensive article library focused on how to

sell structured settlement

payments and strategies for establishing structured settlements via his website at

SimonVolkov.com

.

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Muslim hair stylist sues hairdresser over alleged discrimination

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Friday, November 9, 2007 

British-born Muslim hair stylist Bushra Noah is currently undertaking legal action against the owner of a hair salon for alleged religious discrimination. Noah is suing London hair salon owner Sarah Desroiser. Desroiser who runs a salon in King’s Cross, has said that she would not accept Noah as a stylist if Noah’s hair was covered. Noah, like many devout Muslims keeps her hair covered in public places, believing it to be immodest otherwise.

Noah claims that her headscarf is a fundamental part of her religious beliefs and that wearing the scarf would not interfere in her carrying out the job at all. Desrosiers said that it is not discrimination but rather that “the essence of my line of work is the display of hair. To me, it’s absolutely basic that people should be able to see the stylist’s hair. It has nothing to do with religion. It is just unfortunate that for her covering her hair symbolises religion.” Desosiers added that she had worked with Muslims in the past and employs a Muslim accountant.

Noah claims that the state of her own hair is irrelevant to her ability to style others hair.

The last few years have seen a string of similar cases in Britain. Last year, there was a case over whether a British Airways employee could wear a prominent cross, and another case in which a teacher argued that she had a right to wear a Jilb?b (a traditional Islamic dress that covers almost the entire body) in the classroom. In that case, the teacher lost in the High Court.

Muslim hair stylist sues hairdresser over alleged discrimination

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Friday, November 9, 2007 

British-born Muslim hair stylist Bushra Noah is currently undertaking legal action against the owner of a hair salon for alleged religious discrimination. Noah is suing London hair salon owner Sarah Desroiser. Desroiser who runs a salon in King’s Cross, has said that she would not accept Noah as a stylist if Noah’s hair was covered. Noah, like many devout Muslims keeps her hair covered in public places, believing it to be immodest otherwise.

Noah claims that her headscarf is a fundamental part of her religious beliefs and that wearing the scarf would not interfere in her carrying out the job at all. Desrosiers said that it is not discrimination but rather that “the essence of my line of work is the display of hair. To me, it’s absolutely basic that people should be able to see the stylist’s hair. It has nothing to do with religion. It is just unfortunate that for her covering her hair symbolises religion.” Desosiers added that she had worked with Muslims in the past and employs a Muslim accountant.

Noah claims that the state of her own hair is irrelevant to her ability to style others hair.

The last few years have seen a string of similar cases in Britain. Last year, there was a case over whether a British Airways employee could wear a prominent cross, and another case in which a teacher argued that she had a right to wear a Jilb?b (a traditional Islamic dress that covers almost the entire body) in the classroom. In that case, the teacher lost in the High Court.

Muslim hair stylist sues hairdresser over alleged discrimination

In CategoryUncategorized
By

Friday, November 9, 2007 

British-born Muslim hair stylist Bushra Noah is currently undertaking legal action against the owner of a hair salon for alleged religious discrimination. Noah is suing London hair salon owner Sarah Desroiser. Desroiser who runs a salon in King’s Cross, has said that she would not accept Noah as a stylist if Noah’s hair was covered. Noah, like many devout Muslims keeps her hair covered in public places, believing it to be immodest otherwise.

Noah claims that her headscarf is a fundamental part of her religious beliefs and that wearing the scarf would not interfere in her carrying out the job at all. Desrosiers said that it is not discrimination but rather that “the essence of my line of work is the display of hair. To me, it’s absolutely basic that people should be able to see the stylist’s hair. It has nothing to do with religion. It is just unfortunate that for her covering her hair symbolises religion.” Desosiers added that she had worked with Muslims in the past and employs a Muslim accountant.

Noah claims that the state of her own hair is irrelevant to her ability to style others hair.

The last few years have seen a string of similar cases in Britain. Last year, there was a case over whether a British Airways employee could wear a prominent cross, and another case in which a teacher argued that she had a right to wear a Jilb?b (a traditional Islamic dress that covers almost the entire body) in the classroom. In that case, the teacher lost in the High Court.

Latest Fashion On Jabong.Com

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Latest Fashion on Jabong.com

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mark jhon716

Discover the youth in you by shopping for the most attractive and exclusive clothing from Jabong. Stand out from the rest at any occasion and look beautiful. Choose from over 500 lifestyle and premium products of different brands and get the best for your wardrobe. Shoes, clothing, accessories, attractive products for kids are all now available online with Jabong at a much cheaper range. You can shop according to your convenience and look bold and beautiful all day long.

Jabong shopping has made our life so easy and simple. All you need to do is to set your choice on the list, according to your requirement and get set go. You can filter the products according to your needs. Shopping is no more a tedious task now. For most of us, Jabong has really proved to be one of the best and efficient sources for shopping. This helps us to not only choose the right product but also to enjoy shopping at every level.

Men can now choose from a wide range of footwear. From gladiators to the kimono shoes, the company has a huge variety. Match it well with the right clothing of your choice and set your target to be the best. Know more about the fashion today and be like the man in vogue. From chinos to the slim fits, Jabong.com has been maintaining its promise in delivering the best of services compared to any other ecommerce company. Women can now dress up for their casual day out or for any formal meeting. Show off your assets with the elite styles and outshine everyone else.

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Jabong.com has so far been the best in delivering quality products in spite of the wide variety and growing business of its different competitors. You can now enjoy fast and express delivery of different products. You can also choose the product of your choice from a wide range of accessories.

Experience comfort at your doorsteps. Develop elegancy in your style and dress fashionably with the perfect blend of colours and styles. Follow the latest trends and pick the best from about 500 plus brands for men women and kids.

Apart from delivering lifestyle products the company has been quite efficient in responding back to the customers. The refund and the exchange policy are just incredible; you can now exchange products if they don t match your expectations. The most unique part of the same is that, no questions are asked. Get quick response from the company`s agents in case of bulk orders and complains.

Jabong.com is indeed one of the best online websites in India. Set your standards high with premium fashionable range. Enjoy the fast and express delivery of the products that suit your choice. So gear up and have fun shopping online.

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USPTO partially confirms validity of Amazon “1-click patent”

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Tuesday, October 9, 2007 

Today, the United States Patent and Trademark Office (USPTO) issued an office action, which confirmed the patentability of claims 6 to 10 of the Amazon 1-Click patent, US 5,960,411. The patent examiner, however, rejected claims 1 to 5 and 11 to 15. Amazon now has up to six months to amend the rejected claims to overcome the examiner’s rejection, provide arguments to demonstrate that the examiner is in error and/or provide evidence to demonstrate the patentability of their claims. During this period, the entire patent is still considered valid under US patent law.

The USPTO is reconsidering the patentability of the claims due to a request for reexamination filed by New Zealander Peter Calveley. Mr. Calveley used internet archives to show that defunct company Digi Cash used a similar technique prior to Amazon. Despite costing a substantial sum of cash and requiring donations to prepare and file the request for reexamination, Calveley said he did it as a game and hopes that his success inspires others to play the same game.

“One Click” shopping is an ecommerce technique, which allows a customer to purchase products via the Internet without repeatedly entering personal information such as name and address. At the time it was introduced it eased the frustration of on-line shopping.

Amazon filed the patent application for 1-click shopping in early 1997 and was granted the patent in September 1999. 23 days later Amazon sued rival Barnes & Noble for alleged infringement by its “Express Lane” ordering which was introduced in 1998. In December 1999 Amazon won an interim injunction against Barnes & Noble but the USA Court of Appeals for the Federal Circuit lifted this injunction in February 2001. The parties then settled their dispute for undisclosed terms. Amazon has since successfully licensed the technique to other e-sellers such as Apple.

USPTO partially confirms validity of Amazon “1-click patent”

In CategoryUncategorized
By

Tuesday, October 9, 2007 

Today, the United States Patent and Trademark Office (USPTO) issued an office action, which confirmed the patentability of claims 6 to 10 of the Amazon 1-Click patent, US 5,960,411. The patent examiner, however, rejected claims 1 to 5 and 11 to 15. Amazon now has up to six months to amend the rejected claims to overcome the examiner’s rejection, provide arguments to demonstrate that the examiner is in error and/or provide evidence to demonstrate the patentability of their claims. During this period, the entire patent is still considered valid under US patent law.

The USPTO is reconsidering the patentability of the claims due to a request for reexamination filed by New Zealander Peter Calveley. Mr. Calveley used internet archives to show that defunct company Digi Cash used a similar technique prior to Amazon. Despite costing a substantial sum of cash and requiring donations to prepare and file the request for reexamination, Calveley said he did it as a game and hopes that his success inspires others to play the same game.

“One Click” shopping is an ecommerce technique, which allows a customer to purchase products via the Internet without repeatedly entering personal information such as name and address. At the time it was introduced it eased the frustration of on-line shopping.

Amazon filed the patent application for 1-click shopping in early 1997 and was granted the patent in September 1999. 23 days later Amazon sued rival Barnes & Noble for alleged infringement by its “Express Lane” ordering which was introduced in 1998. In December 1999 Amazon won an interim injunction against Barnes & Noble but the USA Court of Appeals for the Federal Circuit lifted this injunction in February 2001. The parties then settled their dispute for undisclosed terms. Amazon has since successfully licensed the technique to other e-sellers such as Apple.

FTC begins antitrust inquiry of Google

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Saturday, June 25, 2011 

Google has confirmed that it has “received formal notification,” that the Federal Trade Commission (FTC) is investigating its business practices. The acknowledgment was posted on the internet search engine company’s blog Friday. Google said it was unclear about the nature of the probe.

A broad FTC investigation would cause the company be tied up in defending itself for years, and according to Bloomberg, might well be the government’s biggest antitrust case since the Microsoft probe.

The FTC will likely launch an anti-trust investigation, as the company has been the target of many past smaller ones, according to CNN.

Mercury News reported Friday morning that the FTC review will probably focus on whether Google is using its dominance in the internet search business to promote its own products and services. Google’s rivals say Google unfairly profits from its monopoly in the search engine business by using its search services to point users of its internet search engine to its own sites and services while hiding links to its competitors.

The FCC probe is expected to determine if Google abuses it market dominance to promote moneymaking online marketing, such as its mapping, comparison shopping and travel services. According to CNN, “Google dominates search in the United States, controlling about two-thirds of the market, according to comScore. It also licenses the world’s largest smartphone operating system, and its share of U.S. display advertising revenue recently eclipsed long-time leader Yahoo.”

Google’s response is that most complaints of anticompetitive behavior come from companies who are displeased with their ranking in Google’s search engine. However, Joshua Wright, law professor at George Mason University said the FTC will be looking at possible harm to users and not complaints by Google’s competitors.

Melissa Maxman, co-chair of a Washington-based, antitrust practice group, said the FTC’s Bureau of Consumer Protection unit will almost certainly be involved to see if Google deceives search engine users by screening search results to profit its own services. She said she would be “shocked” if the consumer protection unit was not involved.

Google Fellow Amit Singhal said in the post, “We respect the FTC’s process and will be working with them (as we have with other agencies) over the coming months to answer questions about Google and our services.” But Singhal acknowledged, “It’s still unclear exactly what the FTC’s concerns are, but we’re clear about where we stand. Since the beginning, we have been guided by the idea that, if we focus on the user, all else will follow.”

Bloomberg reported Friday: “Google has set aside $500 million for a U.S. government investigation into online pharmacy ads the company accepted that may have violated the law.”

Google’s efforts to improve privacy policies after last years’ determination that its social-networking service Google Buzz used deceptive tactics, are currently being overseen by the FTC.

Architecture Within The Leicester Area

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Architecture within the Leicester Area

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Ian Lockwood

People walk around and never really pay much attention to the architecture and history that surrounds them. Architecture has to be one of the most overlooked art forms there is, let alone the fact that you can tell a lot about a Town or City by the architecture that surrounds you as you walk around. Take for example architecture in a old and historical city like Leicester.

While architecture Leicester has seen many changes over the years in growth there are many styles of buildings that you can see. History has left it’s mark on the Architecture in Leicester although there is nothing left from when the Romans first arrived. While there is little left off the very early buildings there is still significant architecture Leicester left. Most of the design stages that have been popular in the UK can be seen on it’s streets.

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We can’t talk about architecture Leicester without mentioning one family and that is the Goddard family. The first Goddard’s are believed to have moved to the area in the late 1700’s and their decendants are the ones who have had a big impact on architecture Leicester. The Fish and Quart pub was one of Goddard’s first buildings of note other buildings prior to this would have been most housing for farm workers etc.. from this their influence on architecture Leicester grew. The Goddard families influence on the architecture Leicester can be seen all over Leicester as they have managed to stay current with the styles and fashions of the time over the years.

Architecture Leicester has developed throughout the years and a drive through it will reveal many styles of architecture, while this is the case architectural buildings in Leicester can show a mixture of styles from around the world. Once in Leicester you will notice a whole array of styles of buildings.

Arts & Crafts theory was as a break away from the now common cheaply built, plain mass prodiced buildings of that time. bought in a return to the more traditional architecture, using high quality materials and craftman saw more interesting shapes being used.

The baroque period of architecture Leicester proved to be not very popular in architecture Leicester as people didn’t seem to appreciate the sweeping vista’s and large curved shapes. Architecture Leicester’s version of the barouques style is as with many other parts of the country mixed in with more traditional architectural design.

Classical architecture in Leicester grand Greek style pillars Roman art styles are heavy influences on the architecture Leicester classic deign this can be seen on many of the buildings in and around Leicester.

Domestic Revival black and white Tudor and Medieval style buildings were the order of the day in this style of architecture Leicester.

As you can see a drive about looking at architecture Leicester will reveal the many eras of style and design that has influenced not just the architecture Leicester but that of most of the historic UK.

This article was written by Ian Lockwood on behalf of The Drawing Room

Architects Leicester

. for more information on

architecture leicester

please visit www.tdrarchitects.co.uk

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Mumbai officials demolish 39K shanties; 200K homeless

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December 25, 2004

Officials in Mumbai, India, demolished over 6,000 shanties today in a push to eradicate the capital city’s slums. In total, 39,000 shanties have been flattened, displacing over 200,000 people, in the city’s biggest-ever demolition drive, which began in early December.

When complete, over 2 million people are expected to be displaced. After wiping out the least desirable shanties, next in line for demolition are the illegal ‘well-off’ shanties and neighborhoods, according to the legal and bureaucratic motions that have been executed toward cleaning up Mumbai’s appearance by lowering the dominance of shanties, which make up 62 percent of Mumbai’s housing.

“As far as eye can see, there are mounds of wood, tin and tarpaulin, the remains of 6,200 illegal homes, flattened by a heavy excavator running on tank-like tracks and giant motorised claws,” the Indian Express reported about today’s destruction. [1]

Chief Minister Vilasrao Deshmukh said that citizens would see a change within six months. “Every chief minister likes to be remembered, and I’m no exception,” said Deshmukh, who despite having an empty exchequer, also announced that Rs 31,000 crore will be spent on new roads, sea links and rail lines. [2]