If I Accept A Settlement Offer, How Long Will It Take Me To Receive Compensation?
In most Ontario injury cases where a settlement is reached, the settlement funds from the insurance company are delivered within approximately 30 days from the execution and delivery of settlement documents. In cases involving a serious injury sustained by a minor or someone who is mentally incapable of managing their finances, a structured settlement or payment into court would be considered. A structured settlement is one where payments are made over the course of a period of time, or over the individual’s lifetime. The goal of the structured settlement is to ensure that there is money available to the victim in the future for health care or life care expenses. These types of settlements require additional documentation to be prepared and the approval of the court.
How Do You Advise Clients On When It Might Be A Good Idea To Accept A Settlement Offer Involving Serious Injuries?
In every case, our goal is to maximize the recovery for the client, which typically means working the case up as if it will eventually go to trial. Along the way, there will be opportunities to consider a settlement. There are many factors that lawyers will consider when advising clients on whether their case should be settled or tried to verdict. The factors and analysis are individual and undertaken on a case-by-case basis. Nonetheless, when opportunities arise to consider settlement, we will discuss all options with the client, assess their particular needs, and give them our professional opinion and advice so that they can be confident in their decision.
For more information on Receiving Settlement in A Personal Injury Case, an initial consultation is your next best step. Get the information and legal answers you are seeking by calling (866) 234-6093 today or request a FREE Consultation Here.
Andrew Iacobelli is an experienced personal injury lawyer who established Iacobelli Law Firm with offices located in Ontario, Canada as well as offices in Florida, U.S.A. Andrew restricts his practice to the representation of personal injury victims in claims involving serious injuries and wrongful death.
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