Personal injuries are traumatic regardless of how minor the injuries are. In addition to the physical and emotional stress that you are going through, you might need to fill out a lot of paperwork if you want to file a claim. Unfortunately, if you aren’t an experienced Fall River personal injury lawyer, you might miss filing some documents and jeopardize your claim. You must hire legal representation if you wish to protect your rights and get the compensation that you deserve. In this article, we discuss what exactly is fair compensation and what to consider before accepting a settlement offer.
What Is a Settlement?
In the legal world, a settlement in a personal injury case means that you, as the petitioner, are agreeing to drop the case against the guilty party in exchange for some type of agreement financially. Many defendants try to offer a settlement to a petitioner because taking a claim to court will put their wrongdoing in the public eye. With an accepted settlement, they avoid this situation.
The Difference between a Verdict and a Settlement
Both a verdict and a financial settlement are part of the legal system, but they are two completely different things. A settlement is exactly what we have mentioned above, whereas a verdict means that the claim was taken to court and the judge ruled whether the defendant was the wrongdoer, and if so, how much they have to pay the petitioner.
Between a verdict and a settlement, it is obvious that in most cases, a settlement is the most preferred of the two, especially if you are looking for some type of financial compensation for your pain and struggles.
What to Consider Before You Accept a Settlement
With your Fall River personal injury lawyer, you will be advised on the following crucial settlement questions:
- By agreeing on a settlement, will there be any type of ill effect on the income taxes that you pay?
- From the money that you receive from a settlement, how much of it will go straight toward attorney fees?
- Exactly how much does the defendant’s insurance cover?
- What is the defendant’s income source? And how much is it?
- Will you have to concede anything if you accept a claim settlement?
- Is the settlement amount you are receiving the most you can receive given the circumstances? (If it is not, then it should be deemed unacceptable.)
- What are the negotiation methods of the defendant’s attorney?
- And lastly – do you wish to have a settlement? If you do, then why?
How a Fall River Personal Injury Lawyer Can Help
As we mentioned before, accepting a settlement is a much quicker way to receive financial compensation for any injuries or physical or mental damages. But you should be aware that accepting the very first offer may mean that you are not getting as much as you deserve.
This is one of the many reasons why you should consider contacting a skilled and experienced Fall River personal injury lawyer before you head forward with selecting and accepting a settlement.
Fall River Personal Injury Lawyer – Hiring the Best
It does not matter whether you were involved in a car accident, or any other type of incident in which you or a loved one were injured, if you are in the Massachusetts area, you should always contact a Fall River personal injury lawyer, as they will do everything and anything to make sure that you always get the best settlement.
If you or a loved one is involved in any type of personal injury case, it is something that should be taken seriously. Hospital bills can begin to stack up, there are countless amounts of insurance paperwork that you have to fill out and to top it all off, you are still suffering through emotional pain and physical pain. If this is the situation that you are currently in, or if you want to avoid this type of situation, we will thoroughly investigate your case, and make sure that you get the settlement that you truly deserve.
Worried that you cannot afford this? You should not worry about that at all. We will only take a very small portion of your final settlement as their fee, and that is it. The rest of the money you receive in your settlement will go straight to you and your needs.