2014 Legislative Council Study Committee on Transfer of Structured Settlement Payments

The Special Committee is directed to do the following: (a) review the current method by which structured settlement payments are transferred in Wisconsin; (b) examine statutes regulating the practice in other states and under federal law; and (c) recommend a statute for adoption in Wisconsin that governs transfers of structured settlement payments. The committee shall consider items such as standards for disclosure of information to structured settlement recipients by entities seeking to purchase future settlement payments, the ability of parents and guardians to enter into structured settlements on behalf of minor children, and guidelines for use by judges in approving the transfer of structured settlement agreements.