Frequently Asked Questions about Structured Settlements
Posted by Injured Workers Law Firm | Settlement
Generally, I am not a fan of structured settlements since it means that an injured worker’s settlement funds are restricted by an annuity. If and when circumstances change, the annuity does not change with the circumstances. In workers compensation settlements, unlike personal injury settlements, you can’t sell your structured settlement. It is part of an …
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Why Should I Consider a Structured Settlement?
Posted by Injured Workers Law Firm | Settlement
Why consider a structured settlement? A structured settlement gives an injured worker the unique ability to design payments tailored for his or her long term needs. Structured settlement payments can accommodate family needs, such as a child’s education. Or, it can be an important role in helping parties to come to an agreed settlement of …
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What is a Structured Settlement?
Posted by Injured Workers Law Firm | Settlement
In simple terms, a structured settlement is a financial tool for injured workers when they settle their workers compensation claim. They choose a structured settlement instead of taking one lump sum payment. Regular payments are then made over a specified frequency and period of time to match your future needs and goals. Financial advantages include: Guaranteed payments …
Beware of Phony Time Limits
Posted by Injured Workers Law Firm | Settlement, Workers' Compensation Benefits
“Help, my adjuster called and offered me a settlement and she said I have to respond to her by tomorrow or she’ll close my case!” I get calls like this from injured workers all the time. The injured worker is panicked because they don’t know if it is a fair settlement offer (most of the …
17 Things Injured Workers Law Firm Will Do to Assist in Your Workers’ Compensation Claim
Posted by Michele Lewane | Hiring A Lawyer, Injured Workers Law Firm, Settlement
Once a client has retained us, they want to know “What’s next?” Well, the answer to that question is a long one. Here is a break down of what goes on in my office once you sign our Retainer Agreement and formally hire Injured Workers Law Firm to help you with your workers’ compensation claim. …
Can the Bankruptcy Court Take my Workers’ Compensation Settlement?
Posted by Michele Lewane | Settlement, Workers' Compensation Benefits
This is a complicated question and each case is different. So, talk to your bankruptcy lawyer or workers’ compensation lawyer for the specific answer in your particular situation. Sadly, while some injured workers are waiting for their case to be resolved or for their settlement money to come in, they are so buried in debt …
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Alternative Care for Injuries or Illnesses (Part 1)
Posted by Michele Lewane | Settlement, Working With A Doctor
Alternatives to traditional medical care are available to injured workers. HOWEVER, most often, workers’ compensation insurance carriers will not pay for these treatments because some of them are not medically proven, or they have produced inconsistencies in results or effectiveness, or the treatment does not have sufficient scientific proof to be comparable to traditional modern …
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I Settled my Virginia Workers’ Compensation Claim! Now What?
Posted by Michele Lewane | Settlement
When injured workers settle their Virginia workers’ compensation claim, they are sometimes frustrated to find out that there are some waiting periods involved before they receive their money. I always make it my policy to make sure my clients know what to expect at settlement but I know some folks opt to settle their case …
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Pros and Cons of Lump-Sum Settlements and Lifetime Medical Benefits
Posted by Michele Lewane | Settlement, Workers' Compensation Benefits
I get calls from people wondering about the benefits and downfalls of settling their workers’ compensation claim versus keeping their lifetime medical benefits. So, as an experienced Richmond workers’ compensation attorney I wanted to share this information and, hopefully, help some of you out there by making you aware of the differences between keeping your …
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Are Workers Comp lawyers all the same? – no we are different
Posted by Injured Workers Law Firm | Settlement
WE ARE DIFFERENT. My firm is different from a typical workers’ compensation law firm. We do not take a large volume of cases and settle them cheaply without any intention of taking the cases to a hearing. Also, many times, clients come to us with cases for which they are clearly entitled to a recovery. …
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