Court Approval Process: Step-by-Step Guide

Educational overview; not a substitute for legal counsel.

1. File transfer petition. Buyer files in the payee's county.
2. Serve required notices. Insurer & interested parties get copies.
3. Attend hearing. Judge reviews best-interest factors (rate, age, needs).
4. Receive signed order. Court issues approval or denial.
5. Funds released. Buyer wires lump-sum; insurer redirects payments.

Timeline: 30-45 days typical, but varies by docket backlog.