by Structured Settlement Watchdog
It was all rather silly when you were 7 or 8 years old and were taunted by friends that “you’re epidermis is showing”. Fast forward a few years and I’ve got to do it, in another way to “Silly Billy” Tilley.
I give Bill Tilley credit for enthusiastically flooding the Internet with content about settlement planning topics, but jeez, Bill Tilley can’t proof read what he is publishing?
This JUST PUBLISHED December 2, 2009
“The Periodic Payment Settlement Act of 1982 explicitly encourages the use of structured settlements.
U.S. Treasury obligations or more commonly a life insurance company annuity will fund the payment stream of Structured settlement payments are completely Tax Free.. This significant financial advantage was created 20 years ago by Congress to give beneficiaries a strong incentive to choose a structured settlement and the long term security they provide”, said Tilley.
Tilley Timelines Mismatched
According to my math, 2009 minus 1982 equals 27 years. The act became effective in January 1983, when President Ronald Reagan signed it into law, so even using that assumption we’re still talking about 27 years.
I was going to point out that generally speaking, in the English language, it is common to maintain a consistent relationship between the primary noun and any references to it, keeping singular singular and plural plural. But that would be insulting wouldn’t it?
Structured settlement payments ARE NOT completely tax free. They are only income tax free if the periodic payments represent payment for damages that are excludable from income under the Internal Revenue Code Sections 104(a)(1) or 104(a)(2)
They are not estate tax free, although high exempt amounts will mitigate this risk on smaller structured settlements.
Your choice…should questions be raised about BIll Tilley’s ability in (1) basic arithmetic (2) attention to detail, assuming he wrote it or (3) integrity, if he didn’t
As harsh as the reality may seem, some people make it easier than a rigged game of “whack a mole”
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