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 New York

New York’s Structured Settlement Protection Act, codified at N.Y. Gen. Oblig. Law §§ 5-1701 to 5-1709, has governed structured settlement transfers since 2002. The statute requires court approval before a payee can sell or assign future periodic payments for a lump sum. The law sets out specific factors a court must consider, such as the payee’s best interests and the fairness of the transfer terms. It also provides exceptions and procedural requirements that must be satisfied before a transfer is approved. The official source contains the complete statutory text. The worked example below demonstrates how a transfer is evaluated under these provisions. To estimate how the rules apply to a particular arrangement, use the DocketMath calculator for a tailored result.

Governing authority

In New York, the structured settlement rule is set by N.Y. Gen. Oblig. Law §§ 5-1701 to 5-1709 (Structured Settlement Protection Act). The verified packet cites N.Y. Gen. Oblig. Law §§ 5-1701 to 5-1709 (Structured Settlement Protection Act) (https://www.nysenate.gov/legislation/laws/GOB/A5T17).

New York structured settlement: the verified value is 2002 years under N.Y. Gen. Oblig. Law §§ 5-1701 to 5-1709 (Structured Settlement Protection Act). The verified packet cites N.Y. Gen. Oblig. Law §§ 5-1701 to 5-1709 (Structured Settlement Protection Act) (https://www.nysenate.gov/legislation/laws/GOB/A5T17).

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.