Receiving Settlement Payments in a Montgomery Catastrophic Injury Case

Most people assume that once they win an injury lawsuit, they receive their compensation immediately. That is not necessarily true. It takes time for the settlement payments to be released after a case has concluded. Your catastrophic injury attorney can explain what the next steps are afterward, as well as how long it will take to receive settlement payments in a Montgomery catastrophic injury case.

At The Law Office of Dwayne L Brown, we always make sure to stand by our clients until the very end of the claims process, provide up-to-date information about settlements, and when they will get the money that is due to them. Want to know how your compensation is coming along? Call now to speak with an attorney.

What Must You Do to Receive Settlement Payments After a Catastrophic Injury Case?

Understanding the process involved in receiving settlement payments for damages in a catastrophic injury case often helps Montgomery claimants manage their expectations and plan for when the money arrives in their account. The typical settlement process steps include:

• The payment is sent by the insurer to the claimant’s lawyer
• The attorney deposits the funds in a trust account
• The lawyer deducts the necessary medical debts, legal fees, and other expenses
• The remaining money is sent to the plaintiff based on pre-agreed terms

This whole process takes anywhere from one to eight weeks after the case has ended, and the necessary parties sign a release form. This variation accounts for the complex nature of the case, possible disputes, and/or whether multiple liable parties are involved. Our experienced attorney keeps you updated with consistent communication because he understands how important that money is to your recovery, and our team does everything we can to get it to you as quickly as possible.

Determining Which Settlement Type Is Most Beneficial to You

Part of the settlement process is coming to an agreement with the insurance company about how you want to receive their payments. Some claimants want a lump sum, some prefer a structured payment plan, and others prefer a hybrid option with a sizable percentage of the settlement paid as a lump sum first and the rest spread out over an agreed timeframe.

Our knowledgeable Montgomery lawyer could provide you with legal guidance to determine which case settlement option is best for you based on your catastrophic injuries and long-term care requirements. For instance, structured payments are typically tax-exempt, provide a steady income source, and can be customized to your needs at the time it arrives.

Factors That Determine Settlement Amounts

Several things can influence the final receivable payment from the Montgomery defendant in a catastrophic injury case. These include your lawyer’s skill set, the severity of your injuries, present and future medical treatment costs, your role in the event that led to the accident, and insurance coverage limits.

Other things to consider include the liable parties, lost income, whether you can return to your previous job, reduced earning capacity, and pre-existing health problems. An injury lawyer can help figure out how all these factors affect your claim prior to reaching the settlement phase.

Contact Our Firm For Help With a Montgomery Catastrophic Injury Case and Learn How to Receive Settlement Payments

Receiving settlement payments in a Montgomery catastrophic injury case goes a lot smoother with an attorney who has a strong understanding of the case process. At The Law Office of Dwayne L. Brown, we help with everything from determining the right compensation amount to helping you get your payments and even setting up a special needs trust that allows you access to public benefits like Medicaid afterward. With unparalleled communication and access to our attorney and team of paralegals, you will always know the status of your case. Contact us today for assistance.