State legislation requiring court approval before any settlement transfer. All 50 states have their own version. Key provisions: mandatory waiting periods, disclosure requirements, best interest determinations, and notice to all parties.

Yes - all 50 states and DC permit transfers with court approval. No state bans selling. However, requirements vary: cancellation rights, waiting periods, mandatory advisor consultations, and disclosure formats differ.

Most states require written disclosures: discount rate in percentage and dollars, all fees, difference between total payments and lump sum, right to cancel (3-20 days), and statement advising independent review.

Process: sign transfer agreement, buyer files petition, parties notified, waiting period passes (20-30 days), court hearing, judge reviews fairness, approval order issued, insurance redirects payments, buyer wires cash. Total 30-90 days.

Generally no - once final and funds disbursed it is permanent. Some states allow cancellation BEFORE hearing (3-14 days after signing). This is why court review exists - to ensure certainty before it is final.

Judges examine: compelling reason to sell, reasonable discount rate, seller understanding, independent advice received, dependents protected, prior transfers considered, alternative solutions explored.

Depends on state and judge. Many allow phone or video hearings. Some require in-person for large transfers. Hearings last 10-30 minutes and buyer attorney handles most presentation.

Rare but possible. Common objections: improper notice, anti-assignment clauses, administrative concerns. Does not kill the deal but may delay 30-60 days. Experienced buyers know how to resolve objections.