Court Order Process

The court order process is generally the longest part of the overall closing process.

Steps taken during this process are:

• Attorney obtains complete file and reviews documentation
• Drafts of Petition and Order are reviewed by funding source
• Petition is filed (must allow 20 to 30 days notice to all interested parties prior to actual court date)
• Court Date is set
• Judge hears arguments and approves the order
• Judge signs the order (can be immediately or at a later date)
• Court Order is provided to the funding source

Other links of interest

• What will an Annuity Policy Show?
• What is a Single Premium Immediate Annuity?
• New Federal and State Laws Regulating a Sale
• What is a Structured Settlement?
• What is an Annuity Application
• The Closing Process
• Submission Documentation
• Disclosure Statements
• Transfer Agreements
• Attorney Advice
• Court Order Process
• Insurance Company Acknowledgement

 

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