This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Structured Settlement in Louisiana

Louisiana law requires a three-day waiting period before a structured settlement transfer can be finalized. This cooling-off period is established under La. R.S. § 9:2715 to § 9:2724, which governs the entire transfer process. After a settlement payee signs a transfer agreement, the transaction cannot be completed until at least three full days have passed. The statute sets out the specific requirements that must be met during this period, including disclosures and terms the payee must receive. A worked example below shows how the three-day rule applies to a typical transfer timeline. To estimate the effect of this waiting period on a specific case, use the DocketMath structured settlement calculator. The official source for the full statutory text is provided above.

Governing authority

In Louisiana, the structured settlement rule is set by La. R.S. § 9:2715 to § 9:2724. The verified packet cites La. R.S. § 9:2715 to § 9:2724 (https://www.legis.la.gov/legis/Law.aspx?d=108754).

Louisiana structured settlement: the verified value is 3 days under La. R.S. § 9:2715 to § 9:2724. The verified packet cites La. R.S. § 9:2715 to § 9:2724 (https://www.legis.la.gov/legis/Law.aspx?d=108754).

Estimate your own result: every situation has exceptions that can change the outcome. Use the structured settlement calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.