Preview
Electronically Filed
10/18/2023 9:52 AM
Hidalgo County District Clerks
Reviewed By: Rachel Bueno
NO. C-3753-23-G
IN RE § IN THE DISTRICT COURT OF
§
J.G. WENTWORTH ORIGINATIONS, § HIDALGO COUNTY, TEXAS
LLC §
§ 370th JUDICIAL DISTRICT
Final Order Approving Transfer of
Structured Settlement Payment Rights
On this day, the Court considered the Application of J.G. Wentworth Originations, LLC
(also referred to herein as the “Transferee” or “JGW”) for Approval of the Transfer of Structured
Settlement Payment Rights (the “Application”) from (“Payee”) to JGW
pursuant to Chapter 141 of the Texas Civil Practice & Remedies Code. The Court, after due
consideration of the Application, any response thereto, and the evidence on file and presented at
the hearing, hereby makes the following findings:
1. The transfer satisfies all statutory requirements of the Structured Settlement
Protection Act, Chapter 141 of the Texas Civil Practice and Remedies Code (the “Act”), and does
not contravene any applicable statute or an order of any court or other governmental authority; the
transfer also satisfies the Internal Revenue Code Section 5891 and does not contravene any Federal
or State statute or the order of any court or responsible administrative authority;
2. The transfer is in the best interest of Payee, taking into account the welfare and
support of Payee's dependents, if any;
3. Payee has been advised in writing by Transferee to seek independent professional
advice regarding the transfer, and has either received the advice or knowingly waived the advice
in writing;
Electronically Filed
10/18/2023 9:52 AM
Hidalgo County District Clerks
Reviewed By: Rachel Bueno
4. Jurisdiction and venue are proper in this Court, and disclosures to Payee were made,
and notices were given to the Interested Parties in accordance with the Act. Payee has been advised
that her death prior to the due date of the last Assigned Payment shall not affect the transfer of the
Assigned Payments (defined below) from Payee to JGW and Payee understands he is giving up
his rights, and the rights of his heirs, successors and/or beneficiaries, to the Assigned Payments,
and Payee has requested that this transfer be approved, and
5. This Order is a "Qualified Order" pursuant to 26 U.S.C. sec. 5891, et seq.
BASED on the foregoing findings and being satisfied that the proposed transfer satisfies
all applicable statutory requirements, it is hereby,
ORDERED, ADJUDGED, AND DECREED that the Application is GRANTED and the
assignment by Payee to JGW its successors and/or, assigns, of all Payee=s right, title, and interest
in and to the Assigned Payments is APPROVED. It is further
ORDERED that Annuity Issuer, Berkshire Hathaway Life Insurance Company Of
Nebraska, and Annuity Owner, Bhg Structured Settlements, Inc., are hereby directed on the dates
set forth below to deliver and make payable to JGW its successors and/or assigns, the following
structured settlement payments, regardless of whether Payee is living:
A) 9 annual payments of $2,000.00 each, beginning on January 15, 2030 and ending on
January 15, 2038 B) 13 annual payments of $1,000.00 each, beginning on January 15, 2039 and
ending on January 15, 2051
(the “Assigned Payments”). The Assigned Payments shall be sent to the following address or to
such other address designated by J.G. Wentworth Originations, LLC:
J.G. Wentworth Originations, LLC
PO Box 83364
Woburn, MA 01813-3364
It is further
Electronically Filed
10/18/2023 9:52 AM
Hidalgo County District Clerks
Reviewed By: Rachel Bueno
ORDERED that the Transferee shall be liable to that Annuity Issuer and Annuity Owner:
a. If the transfer contravenes the terms of the structured settlement, for any
taxes incurred by Annuity Owner or the Annuity Issuer as a consequence of
the transfer; and
b. For any liabilities or costs, including reasonable costs and attorneys’ fees,
arising from compliance by such parties with this order of the Court or
arising as a consequence of the Transferee’s failure to comply with the Act.
ORDERED that the Annuity Issuer and Annuity Owner shall irrevocably change the
beneficiary for the Transferred payments to the Transferee, and no other individual or entity other
than the Transferee shall have the authority to change beneficiary for the Transferred Payments.
ORDERED that Annuity Issuer and Annuity Owner are directed to issue a formal
acknowledgement letter of the transfer within twenty (20) days of the date of receipt of this Order.
The formal acknowledgement letter shall be delivered to JGW, 1200 Morris Drive, , Chesterbrook,
PA 19087. It is further
ORDERED that pursuant to the Act, by making and delivering the Assigned Payments to
Transferee as set forth in the preceding paragraphs, Annuity Owner and Annuity Issuer shall, as to
all parties except Transferee, be discharged and released from any and all liability for the Assigned
Payments.
This Order finally disposes of all claims and all parties; all motions not specifically granted
herein are DENIED.
This is a Final Judgment.
SIGNED this ____ day of ___________ 20__.
___________________________________
JUDGE PRESIDING
cc: julie@jpelawfrim.com