Chicago Illinois Sample Letter for Settlement Proceeds

• Category: Letters - Legal - Settlements
• State: Multi-State
• City: Chicago
• Control #: US-0888LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. [Your Name] [Your Address] [City, State, ZIP Code] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Subject: Settlement Proceeds for [Case name] Dear [Recipient's Name], I hope this letter finds you well. I am writing to discuss the settlement proceeds pertaining to [case name]. As per our previous negotiations and agreement, I am providing you with a detailed summary of the settlement, including the terms, amount, and distribution. Settlement Details: Case Name: [Case name] Date of Settlement Agreement: [Date] Settlement Amount: [USD $] As agreed upon, the settlement amount of [USD $] has been awarded to [Plaintiff/Claimant Name]. This sum is intended to compensate for the damages, losses, and any other relevant expenses incurred during the course of the legal proceedings related to [case description]. I would like to emphasize that this settlement signifies the final resolution of the case mentioned above. Distribution of Settlement Proceeds: After deducting attorney fees, court costs, and any outstanding liens or other legitimate expenses related to the case, the remaining settlement proceeds will be distributed as follows: 1. [Plaintiff/Claimant Name]: [USD $] [Include any specific purposes or instructions for the funds, if applicable] 2. [Attorney's Name/Firm]: [USD $] [Specify the agreed-upon attorney fees or commission, if applicable] 3. Other Expenses/Costs: [List any outstanding expenses or costs that were paid from the settlement proceeds] 4. Any Remaining Amount: [Specify how any remaining funds will be disbursed or held, if applicable] Please note that the settlement proceeds will be disbursed in the form of a [check/wire transfer], to be completed within [specified timeframe]. The payment will be issued to the address indicated in our records, or to an updated address if provided. In case you have any questions or require further clarification regarding the settlement proceeds, distribution, or any related matter, please do not hesitate to contact me at [phone number] or [email address]. Thank you for your understanding and cooperation throughout this legal process. We appreciate your prompt attention to the distribution of the settlement proceeds. We hope this settlement brings closure to all parties involved. Sincerely, [Your Name] [Your Title/Position] [Your Contact Information] [Enclosure(s): Include any required attachments, such as an invoice, settlement agreement, or release form.]

[Your Name] [Your Address] [City, State, ZIP Code] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Subject: Settlement Proceeds for [Case name] Dear [Recipient's Name], I hope this letter finds you well. I am writing to discuss the settlement proceeds pertaining to [case name]. As per our previous negotiations and agreement, I am providing you with a detailed summary of the settlement, including the terms, amount, and distribution. Settlement Details: Case Name: [Case name] Date of Settlement Agreement: [Date] Settlement Amount: [USD $] As agreed upon, the settlement amount of [USD $] has been awarded to [Plaintiff/Claimant Name]. This sum is intended to compensate for the damages, losses, and any other relevant expenses incurred during the course of the legal proceedings related to [case description]. I would like to emphasize that this settlement signifies the final resolution of the case mentioned above. Distribution of Settlement Proceeds: After deducting attorney fees, court costs, and any outstanding liens or other legitimate expenses related to the case, the remaining settlement proceeds will be distributed as follows: 1. [Plaintiff/Claimant Name]: [USD $] [Include any specific purposes or instructions for the funds, if applicable] 2. [Attorney's Name/Firm]: [USD $] [Specify the agreed-upon attorney fees or commission, if applicable] 3. Other Expenses/Costs: [List any outstanding expenses or costs that were paid from the settlement proceeds] 4. Any Remaining Amount: [Specify how any remaining funds will be disbursed or held, if applicable] Please note that the settlement proceeds will be disbursed in the form of a [check/wire transfer], to be completed within [specified timeframe]. The payment will be issued to the address indicated in our records, or to an updated address if provided. In case you have any questions or require further clarification regarding the settlement proceeds, distribution, or any related matter, please do not hesitate to contact me at [phone number] or [email address]. Thank you for your understanding and cooperation throughout this legal process. We appreciate your prompt attention to the distribution of the settlement proceeds. We hope this settlement brings closure to all parties involved. Sincerely, [Your Name] [Your Title/Position] [Your Contact Information] [Enclosure(s): Include any required attachments, such as an invoice, settlement agreement, or release form.]