Length of Time to transfer

Structured Settlement Series — Part 3: How Long Does It Take to Transfer My Structured Settlement Payments?


One of the most common questions we get is “How long will it take to complete the transfer of my structured settlement?” And it’s a great question.

The short answer is anywhere from one to four months depending on two major factors — 1) the Statue and 2) the court calendar.

The Statute

Several mandatory time periods are outlined in the statute. These are non-negotiable and unavoidable.

First is the disclosure waiting period. This can be anywhere from 3 to 14 days. Beware of anyone who pushes you to sign the disclosure before the mandatory waiting period.

Next is the requirement to “serve” or provide copies of the paperwork to all interested parties at least 20 days prior to a hearing.

Court Calendar

Twenty days is the minimum wait period, but it often takes longer due to the court’s calendar. It all depends on the availability of the Judge to hear your transfer.

While educating yourself about the process, it is important to plan and manage your finances with the expectation that you may not have the money for months after starting the process. We will get you the lump sum as quickly as possible after the transfer has been approved by the Judge, however these factors can greatly affect the overall timeline.

One thing that can help avoid delays is working with a company who has the experience and expertise to complete the process as accurately as possible.

Fairfield can help you do things right the first time and eliminate the risk of clerical errors and missing paperwork. Submit a quote request today to get more information and talk with one of our representatives.

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