Allstate Financial today continued it's tradition for innovation and expansion in the structured settlement marketplace by announcing to brokers nationally that Marital Property Transfers, ie Divorce settlements, are now eligible to be structured using their Allstate International Assignments, Ltd, facility and Allstate Life Insurance Company as the funding mechanism.
This one area of structured settlements has been for those of us who specialize in structured settlements in taxable damage situations, sort of the holy grail, as it is a market where there is a lot of activity and the ability to use a structure to bridge the negotiation gap between parties provides real value.
I will be doing a commentary on the entire process later this week on Settlement Expert TV, and at that time will provide a more detailed tutorial on how structured divorce settlements work, the tax implications and advantages for both parties if they elect to structure a divorce settlement and who might be most interested in pushing funds into future years and securing cash flows.
Obviously the initial benefit of a marital property transfer being funded through a structured divorce settlement is the payer gets a full tax deduction for the amount funded, while the beneficiary of the payments has a secured cash flow from a AA+ rated credit and only pays taxes on the funds in the years in which they receive them.
Great news, we will provide more detail later this week, but until then to learn more about the Allstate Financial divorce structured settlement program, go to Wahlstrom & Associates web site and contact us there.