MO HB2713

Courts must appoint an attorney to represent the plaintiff's best interest in any structured settlement and must inquire into the plaintiff's competency

Transfers of structured settlement payment rights require court approval with mandatory findings that the transfer is in the payee's best interest and complies with applicable law

Transferees must provide payees with a detailed disclosure statement in bold 14-point type at least 10 days before signing, including payment amounts, present value calculations, and itemized fees

Payees must now be represented by disinterested counsel AND understand the transaction's nature and economic consequences (changed from "or" to "and")

New requirements mandate that transferees pay fair market value for the settlement rights and that payees must be at least 21 years old