How are personal injury settlements paid out?
In a lump sum or structured payments over time.
How much money can I expect from my personal injury case?
Depends on medical expenses, lost wages, severity of injuries, and insurance policy limits.
What is a fair settlement offer?
A fair offer should cover all medical expenses, lost income, future care, and pain and suffering.
Can I reject a settlement offer?
Yes, you are not required to accept an insurance company’s first offer—your lawyer can negotiate.
How long after a settlement do I get paid?
2-6 weeks, depending on insurance processing and legal paperwork.
What happens if I settle and later discover more medical issues?
Once you accept a settlement, you cannot reopen your claim, so ensure all injuries are accounted for.
Can my settlement be taxed?
Medical expenses and pain/suffering are tax-free, but lost wages and punitive damages may be taxable.
Can I get a loan while waiting for my settlement?
Yes, some companies offer lawsuit loans, but interest rates can be high.
What happens if the defendant refuses to pay the settlement?
Your lawyer can enforce the judgment through wage garnishment, liens, or asset seizure.
Do I have to share my settlement with anyone else?
If you owe medical bills, child support, or legal fees, they may be deducted from your settlement.