Structured Settlement Laws in Ohio
Summit County Court of Common Pleas
Court procedures, filing requirements, and local rules for structured settlement transfers in Summit County Court of Common Pleas.
Table of Contents
Get Your Ohio Settlement Offer
Connect with specialists familiar with Ohio court procedures and local requirements.
✅ Free consultation • ✅ No obligation • ✅ Fast approval
Court Information
Venue Overview
Summit County Court of Common Pleas serves the Akron metropolitan area and Ohio's fourth-largest county, processing structured settlement transfers from a diverse economic base. With over 540,000 residents, Summit County handles civil cases including financial transactions requiring court approval under Ohio Revised Code Chapter 2323.58. The court operates specialized divisions, with the Civil Division managing structured settlement petitions in downtown Akron. The 9th District Court of Appeals and Common Pleas Court judges are experienced in handling financial matters common in manufacturing and service industries. Akron's history as the "Rubber Capital of the World" and current status as a polymer research center means the court sees cases involving industrial workers, researchers, and professionals. The court maintains strict compliance with Ohio's structured settlement protection laws while understanding the unique economic pressures facing manufacturing communities. Filing procedures reflect the court's experience with complex cases, requiring detailed documentation and thorough independent advisor reports. The court maintains specialized procedures for high-value transfers and often appoints financial experts to review complex calculations and investment alternatives. Local rules emphasize comprehensive disclosure and payee protection, with requirements for detailed financial statements, tax implications analysis, and long-term financial planning documentation. The court requires publication in the Akron Beacon Journal and maintains relationships with qualified financial advisors. The 9th District's proximity to Cleveland and experience with industrial cases provides valuable context for evaluating structured settlement transfer requests. The court understands the impact of manufacturing cycles, polymer industry changes, and educational institution employment on payees' financial stability. The court serves a population with diverse economic backgrounds, from industrial workers to university professionals to suburban families, requiring judges with corresponding expertise in various financial arrangements and settlement structures.
Filing Procedures
- •Electronic filing required through Summit County system
- •Assignment to judges experienced in financial transactions
- •Detailed financial disclosure and portfolio analysis
- •Court verification of all financial calculations
- •Publication in Akron Beacon Journal required
- •Expedited review for emergency situations
- •Expert financial analysis for transfers over $40,000
Special Requirements
- •Compliance with Ohio Revised Code § 2323.58 required
- •Independent financial advisor report mandatory
- •Detailed disclosure of all financial assets and obligations
- •Court must find transfer in payee's best interest
- •All interested parties must receive proper notice
- •Explanation of transfer purpose and alternatives
- •Court considers seasonal employment patterns and industry needs
Assigned Judges
Local Resources & Links
Get Your Ohio Settlement Offer
Connect with specialists familiar with Ohio court procedures and local requirements.
✅ Free consultation • ✅ No obligation • ✅ Fast approval
⚖️ Legal Disclaimer - Ohio 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.
Ohio specific information. The information provided here is specific to Ohio 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.