Regarding Settlement Annuity Purchase

[jennifer672]

What is the name of your state? North carolina. In 1996 I Settled in a case regarding my Mothers death. Annuities were set up for for my sisters and myself. In 1998 I sold my Annuity to a popular company that purchases Annuities. I have grieved ever since. I was very embarresed and feel that I didn't use proper judgement.I sold $190,000.00 for $14,000.00. We were almost in a poverty situation, living paycheck to paycheck. I hate to say this but I feel the company took advantage of me. Since the purchase of my Annuity, they have received $40,000.00. I would like to reverse this since they are out no money and have received more than they gave me. I have no idea what type of lawyer to use in this matter, or what steps to take. Can someone offer me any advice? Thank You, Jennifer M.

 

[ALawyer]

Absent fraud, or something misleading, you made a conscious decision -- admittedly one that looks dumb in retrospect (and it was a BAD one). It's now 6 years later and even if you once had a claim, the applicable statute of limitations may have run. I never did practice in NC, but unless a lawyer there knows something different, I doubt that I'd say anything but "I'm sorry".