Personal Injury Law and Lawsuits for Structured Settlement Claims

Sometimes, trying to separate fact from fiction pertaining to personal injury and lawsuits for structured settlement claims can be challenging.  However, if faced with the situation of going forward with a lawsuit or accepting a settlement outside the court system, it would be to your advantage to learn everything possible.  Keep in mind that in both instances, you would have assistance from a professional but even so, doing your own research to learn the facts is highly beneficial.

Sometimes, trying to separate fact from fiction pertaining to personal injury and lawsuits for structured settlement claims can be challenging.  However, if faced with the situation of going forward with a lawsuit or accepting a settlement outside the court system, it would be to your advantage to learn everything possible.  Keep in mind that in both instances, you would have assistance from a professional but even so, doing your own research to learn the facts is highly beneficial.

In the case of a personal injury lawsuit, an attorney would begin to process of filing the case within the court that has jurisdiction.  A lawsuit of this type would be based on injury sustained by a person or company because of misconduct or negligent.  While there are hundreds of possible scenarios, the following are just a few examples to show when a lawsuit of this type would be justified.

•    You worked for a company that knowingly provided unsafe chairs.  While sitting at your desk conducting work, the chair broke, causing you to become injured
•    You were scheduled to have your right arm operated on but the surgeon mistakenly operated on the left arm
•    You were in an automobile accident caused by another driver texting

Now, during the course of the lawsuit proceedings, you would have two options.  First, you could continue moving forward with the aid of legal counsel to seek financial restitution to cover medical expenses, as well as living expenses, especially if you had become permanently disabled.  In addition, depending on the situation, you may have the right to include pain and suffering as a part of the same lawsuit.  Second, you could opt out of a jury trial, instead settling with the employer, surgeon, or driver using the examples provided, whereby you would receive a settlement amount.

Regarding personal injury law and lawsuits for structured settlements, if the decision was made to settle on a monetary value without going through the lawsuit then other options would need to be considered.  In this case, you could choose to have the entire amount paid in one lump sum or you could go for scheduled payments that would stretch out for years or even the remainder of your life.

For structured settlements, you would be required to sign legal documents that stop the lawsuit and release the responsible party from additional financial support.  For instance, if you went for the structured settlement in an amount of $500,000, payments would be established.  However, if for some reason you were to experience further health issues specific to negligence or misconduct, finding your medical expenses would be higher than anticipated, the release means you cannot go back and try to get more money.

Because there are so many different aspects of personal injury law and lawsuits for structured settlement claims, it is imperative that you work with a highly qualified attorney.  With legal advice, every decision would be carefully orchestrated for your benefit.  The same attorney would provide assistance if you go for the structured settlement in lieu of the lawsuit.  However, if at any time after the agreement has been finalized through the courts you realize you need a large amount of money for something such as surgery, to cover mortgage payments after falling behind, etc., a licensed broker could purchase those payments.

Brokers who purchase structured settlements are in a special field of their own.  These professionals go through years of intense training again because of so many factors involved with the purchase of settlement payments.  Just as you need to work with a qualified attorney, at any time you want to sell some or all of your settlement payments the broker would need to be as qualified, if not more.