CCP 4522 - Judgment in favor of minor; structured settlement - Louisiana Statutes

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Art. 4522. Judgment in favor of minor; structured settlement

A. Whenever the court renders a monetary judgment in favor of a minor, the court may order that the money be paid under a structured settlement agreement which provides for periodic payments and is underwritten by a financially responsible entity that assumes responsibility for future payments.

B. In determining whether a proposed payment schedule is in the best interest of the minor, the court shall consider the following factors:

(1) Age and life expectancy of the minor.

(2) Current and anticipated financial needs of the minor.

(3) Income and estate tax implications.

(4) Impact on eligibility for government benefits.

(5) Present value of proposed payment arrangement and the method by which the value is calculated.

Acts 2008, No. 716, §1.

State Codes and Statutes

Statutes > Louisiana > Ccp > Ccp4522

Art. 4522. Judgment in favor of minor; structured settlement

A. Whenever the court renders a monetary judgment in favor of a minor, the court may order that the money be paid under a structured settlement agreement which provides for periodic payments and is underwritten by a financially responsible entity that assumes responsibility for future payments.

B. In determining whether a proposed payment schedule is in the best interest of the minor, the court shall consider the following factors:

(1) Age and life expectancy of the minor.

(2) Current and anticipated financial needs of the minor.

(3) Income and estate tax implications.

(4) Impact on eligibility for government benefits.

(5) Present value of proposed payment arrangement and the method by which the value is calculated.

Acts 2008, No. 716, §1.

State Codes and Statutes

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State Codes and Statutes

Statutes > Louisiana > Ccp > Ccp4522

Art. 4522. Judgment in favor of minor; structured settlement

A. Whenever the court renders a monetary judgment in favor of a minor, the court may order that the money be paid under a structured settlement agreement which provides for periodic payments and is underwritten by a financially responsible entity that assumes responsibility for future payments.

B. In determining whether a proposed payment schedule is in the best interest of the minor, the court shall consider the following factors:

(1) Age and life expectancy of the minor.

(2) Current and anticipated financial needs of the minor.

(3) Income and estate tax implications.

(4) Impact on eligibility for government benefits.

(5) Present value of proposed payment arrangement and the method by which the value is calculated.

Acts 2008, No. 716, §1.