Structured Settlement Laws in Michigan
Wayne County Circuit Court
Court procedures, filing requirements, and local rules for structured settlement transfers in Wayne County Circuit Court.
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Court Information
Venue Overview
Wayne County Circuit Court serves Michigan's most populous county and the Detroit metropolitan area, handling the highest volume of structured settlement transfer cases in the state. With over 1.75 million residents, Wayne County processes thousands of civil cases annually, including complex financial transactions requiring court approval under Michigan Compiled Laws § 691.1301 et seq. The court operates specialized divisions, with the Civil Division handling most structured settlement petitions in downtown Detroit. The 3rd Judicial Circuit Court judges are highly experienced in financial matters common in major metropolitan areas. Detroit's diverse economy, including automotive manufacturing, healthcare systems, and professional services, means the court sees a wide range of structured settlement cases from various employment sectors. The court maintains strict compliance with Michigan's structured settlement protection laws while understanding the unique economic pressures facing urban residents. Filing procedures reflect the court's high caseload and experience with complex financial transactions. All petitions must comply with Michigan's comprehensive requirements, including detailed financial disclosures and independent advisor certification. The court typically schedules hearings within 30-45 days, with expedited procedures available for urgent situations. Financial experts are frequently appointed to review complex calculations and investment alternatives. Local rules emphasize thorough documentation and payee protection, requiring electronic filing and comprehensive financial analysis. The court serves Detroit and surrounding communities including Livonia, Westland, and Taylor, each with distinct economic characteristics affecting structured settlement decisions. The 3rd Circuit's experience with urban economic issues provides valuable context for evaluating transfer requests. Judges understand the impact of automotive industry changes, healthcare system restructuring, and urban development on payees' financial stability.
Filing Procedures
- •Electronic filing mandatory through Wayne County e-filing system
- •Original petition must be filed with clerk in Detroit
- •Mandatory court approval for all structured settlement transfers
- •Court requires detailed analysis of discount rate and present value
- •Publication notice required in Detroit Free Press if personal service fails
- •Emergency hearings available for urgent medical situations
- •Court-appointed financial expert review for transfers over $50,000
Special Requirements
- •All petitions must comply with Michigan Compiled Laws § 691.1301 et seq.
- •Comprehensive financial disclosure affidavit required from payee
- •Independent professional financial advisor report mandatory
- •Court must find transfer is in payee's best interest with written findings
- •All interested parties must receive notice via certified mail
- •Detailed explanation of transfer benefits and alternatives required
- •Court considers payee's dependents and financial needs
Assigned Judges
Local Resources & Links
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⚖️ Legal Disclaimer - Michigan Structured Settlement Information
For informational purposes only. This information is provided for educational purposes and should not be construed as legal advice. Structured settlement laws vary by state and are subject to change.
Court approval required. All structured settlement transfers require court approval in every state to ensure the best interests of the payee and any dependents are protected.
Professional consultation recommended. We strongly recommend consulting with qualified legal and financial professionals before making any decisions regarding structured settlement transfers.
State-specific requirements. Each state has unique statutes, court procedures, and approval criteria. Always verify current requirements with official state resources.
Michigan specific information. The information provided here is specific to Michigan state laws and may not apply to other jurisdictions.
Contact information: For questions about structured settlements in your state, please contact your state insurance department or a qualified attorney.