by Structured Settlement Watchdog
In “Tax Implication of Structured Settlement Implications” CBC Settlement Funding, longtime sponsors of content at Annuity.org, has crossed the rubicon.
The Oxford English Dictionary defines “implications” as follows:
- “the conclusion that can be drawn from something although it is not explicitly stated”
- “the action or state of being involved in something”
CBC Settlement Funding responds in a way that somehow manages to leave the distinct impression (free of any legal, tax, or other implications) that they are, for a fleeting moment, quite simply, “candy cane poopy heads.”
“Structured settlements are annuities awarded as recompense in a civil lawsuit”.
Here’s the 411
1. Structured settlements are not annuities
2. Before annuities, there must be an obligation to make future periodic payments
2. Structured settlements are not awards
3. Structured settlements are a means of compromise of a claim or lawsuit.
4. Structured settlements are often funded with annuities, but there are alternatives.