This form is a settlement statement provided by the attorney to the client detailing expenses and disbursements of client funds.
Massachusetts Personal Injury Settlement Statement
State:
Multi-State
Control #:
US-PI-0228
Format:
Word;
Rich Text
Instant download
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Public form
Description
How to fill out Personal Injury Settlement Statement?
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FAQ
We have good news for you: If you received a monetary settlement for any physical injury or sickness, you do not need to claim the settlement money as income. The full amount is non-taxable both on the Federal level and in Massachusetts.
All in all, settlement payments may take up to two months to get from the insurance company to your bank account. You may negotiate and accept a settlement without the assistance of an attorney, but we strongly urge you to enlist experienced legal guidance while dealing with your claim.
Massachusetts Laws About Pain and Suffering Medical malpractice cases also have a $500,000 limit, or ?cap,? on pain and suffering damages.
The largest settlement ever awarded in a slip and fall lawsuit was over 20 million dollars. This amount was awarded to the plaintiff, an elderly woman who suffered severe injuries after slipping on a wet tile floor in a hotel lobby.
In Massachusetts, a medical provider may place a medical lien on your settlement money for outstanding medical bills owed. Also, in MA, health insurers have a legal right to recover the money they paid for any medical treatment related to the accident.
There is no set amount of compensation for an injury caused by a slip, trip or fall. Instead, compensation amounts will depend on the part of your body you have injured, the severity of your injuries and the effect they have had on your life.
Standard contingency fees for settlements are 33%. Sometimes, however, settlements take years of work and cost more to continue and progress the case, and we would have a different contingency fee structure agreed on.
The average slip-and-fall settlement varies by case but is usually between $10,000 and $50,000. You may be entitled to significant compensation to help you cover lost wages, medical bills and more. Schedule a free consultation with an injury lawyer at Brown & Crouppen. If you don't get paid we don't get paid.