Judge Rejects Widow's Settlement Transfer as 'Shocking'

A 66-year-old Anderson County widow would have wound up with just $1,621.16 in exchange for an annuity valued at $65,400 under a proposed transfer of a structured settlement agreement. The payout would have been $3,821.16, but the firm handling the matter was proposing to hold out $2,200 in fees. The transfer was denied in a scathing order issued by Anderson County Circuit Court Judge Don Elledge. "The Court has never seen a proposal submitted as outrageous and shocking as this one is," Elledge wrote in his June 29 order. The judge ruled it wouldn't be in the client’s best interest for the transfer to be approved. The News Sentinel has the story