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NSSTA Structured Settlement Stories

Uncovering the Emotional Journey of an Annuitant's Structured Settlement

Submitted by ejenn on Fri, 03/10/2023 - 20:58

As an annuitant, it can be a long and arduous journey, especially when they are young adults experiencing a tragedy.

Finances are not all that annuitants need to move to the next step in life. Annuitants also need to be supported in their grieving process, which often takes a back seat because of everything happening in their life. They also need to be prepared for the range of emotions that come with the settlement, which can lead to mismanagement of the funds given to them if not supported.

Restricting Public Access to Minor’s Judicial Records

Submitted by ejenn on Mon, 03/06/2023 - 18:13

After working closely with Ohio legislators for several years, NSSTA’s tenacity in protecting a minor’s settlement from public disclosure has paid off. 

Effective April 3, 2023, Section 2111.18 of the Ohio Revised Code, Claim for Injury to Ward or Damage to Property – Settlement, has been amended to state as follows:

ABLE Today with Eric Ochmanek and Mark Raymond, Jr.

Submitted by ejenn on Mon, 03/06/2023 - 15:01

In the United States, one in every six people has some form of disability, yet they're not well represented in the workforce or financial system. But in 2014, the Achieving a Better Life Experience (ABLE) Act was passed, allowing people with disabilities to put money in savings accounts. These accounts can help individuals easily save up for future needs and goals.

New Rule: Department of Housing and Urban Development Housing Opportunity Through Modernization Act (HOTMA)

Submitted by ejenn on Mon, 02/27/2023 - 16:44

NSSTA is proud to report a major new federal regulatory development now establishes the ability to receive a structured settlement without jeopardizing housing assistance provided by the federal government.  In 2019, John McCulloch with IFS led the effort with NSSTA and the American Association of People with Disabilities (AAPD) to encourage the Department of Housing and Urban Development (HUD) to add new income exclusion language to the “Housing Opportunity Through Modernization Act.”