by John Darer® CLU ChFC MSSC RSP CLTC
Structured settlement expert John Darer reviews the rights and responsibilities of plaintiffs and defendants under New York General Obligations Law §5-1702, a/k/a the New York Structured Settlement Protection Act, in this video podcast. 
Defendants and defense counsel for defendants, on lawsuits pending in the New York State County of Bronx, New York, Erie, Cattarraugus, Monroe, Steuben, Albany, Nassau, Suffolk, Rockland, Westchester, Kings, Queens, Orange, Broome, Greene, Allegany, Dutchess, Fulton, Chenango, Oswego, Rensselaer, Saratoga, Putnam, Chautauqua, Sullivan, Niagara, Richmond (Staten Island) and Chemung to name a few, must be aware of this statute because on personal observation there are a number who are not and may be unwittingly exposing their clients. I'm here to help.
Bear in mind that the New York structured settlement protection statute DOES NOT preclude the Defendants or Defense counsel from engaging their own structured settlement consultant, with a customary co-brokerage arrangement (i.e. settlement brokers or consultants representing each side). The crux of the New York structured settlement law is that in a civil system both parties should have independent advice.
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