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I need to get out of workmans comp. If I take a settlement will I be able to use blue cross to treat the same injuries that put me on workmans comp My lawyer told me to tell blue cross it is a different injury. I think he is not honest with me?
Your lawyer is working for you; but you have to understand he is a lawyer because he chose that profession to earn a living. If he takes your case and tries to persuade you to avoid a settlement and goes for the ultimate win, you will receive a larger cash award. The larger cash award for you the larger cash award for him. He is your lawyer and has your interest at heart but he would rather eat a lobster dinner than burger or steak tonight. Do you get it?
How much money am I losing if I decide to go the route of cash for settlement?
The amount of money you will lose if you take a cash settlement depends on the amount of the settlement. Usually the amount you lose is worth it if you need the cash or don't want the other settlement option. If the other option is stocks then cash might get your more at this time due to the ups and downs of the stock market.
What are the drawbacks of going after a cash settlement?
A cash settlement is usually some type of lump sum payment offered to those who receive structured settlements. The drawbacks include low cash offers that prey on those who need cash now, and more of a tax burden when you take the lump sum option. Sometimes when you take a cash settlement versus timed payments, the total overall amount is decreased. Also, you will need to pay taxes all at once, which can be a hefty sum.
How long does it take for a work comp lump sum settlement take?
8 months to a year, possibly longer. You need a lawyer if you want it quicker.
What is the cost for workers comp lawyer?
Generally they will take a portion of the settlement plus costs.
Is it always better to take a cash settlement when in the middle of a lawsuit and if I do how much of a percentage would most lawyers expect out of the settlement?
yes that depends on the situation and probable outcome. if you are in a real good condition to win and even if you have to pay a lot to lawyer its worth than outside settelement. if the setteler offer a good amount and you can save commision from giving a part to lawyer you can go for that offer.
What is the process for getting a loan settlement?
In order to get a loan settlement there are a few steps you need to take. Contact the loan company and tell them what you are planning, contact a lawyer or credit counseling service and ask them for advice and then fill out the proper paperwork.
When becoming a lawyer do you need to take a polygraph?
No.
What does it mean when someone says their fee is 33 percent of cash compensation?
It means that they take 33% of the cash they get for you. Whether it be a lawyer, or a tax return specialist or a collector.
What is the best way to collect my cash settlement?
Cash settlements are usually paid out over a number of years by the person who owes you the money. There are however, several companies out there who will take a structured settlement and turn it into one large lump sum of cash. They are able to do this because they take a percentage of the money. You can contact Peachtree Financial or JG Wentworth if this interests you.
What companies will provide cash for structured settlement?
Singer Asset Finance is one company that will provide cash for structured settlement. Catalina Structured Funding also offers this option. Main Street Settlement is yet another company. There seems to be a lot of companies that can provide cash for structured settlements, but take your time and look through your options to find the best one.
How much does an asbestos lawyer cost?
The cost of a lawyer for an Asbestos-related illness can vary. Often times, they only collect on the settlement and do not take any money up front. The percentage of the settlement is usually what is decided upon up front rather than a payment amount.
