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How Personal Injury Settlements Are Paid Out

How personal injury settlements are paid out depends on the agreement you make with the at-fault party. You could receive the entire amount all at once, or you could receive several payments over a designated amount of time. A personal injury attorney can help you work out an advantageous agreement.

Which Personal Injury Settlement Payout Method Is Best?

You and your lawyer should discuss whether receiving a lump-sum payment or multiple payments is right for you. One choice is not inherently better than the other, and you may end up making a decision based on:

  • Tax laws or other relevant laws
  • When you expect to need the money most
  • The liable party’s settlement offers
  • Your personal preferences

These guidelines apply no matter what type of accident caused your personal injury. You could qualify for a settlement if you were involved in a:

  • Motor vehicle accident
  • Workplace accidents, including construction accidents
  • Premises liability accident

Why Seek a Personal Injury Settlement?

Personal injuries can be expensive. If someone else caused your injury, you should not have to pay for it all by yourself. No matter what payout method you select, a settlement can ease the financial burdens you face after an accident.

Getting Your Personal Injury Settlement Takes Work

Before you start considering how you want to receive your settlement, you must get the liable party to offer a settlement agreement. Doing this often involves:

  • Figuring out how much your pain and suffering, medical expenses, and other damages are worth
  • Collecting evidence to prove the liable party caused your accident and should therefore pay your damages
  • Collecting as much evidence as possible to prove you deserve the damages you are requesting
  • Negotiating a settlement that meets your needs and that the liable party will agree to pay
  • Sending and receiving paperwork to share evidence, make sure the right court accepts your case, and get your settlement

A personal injury attorney can do all of these things for you, so you can focus on recovering from your injuries. You should consult a lawyer as soon as possible after you were injured. This is because:

  • You want to give them enough time to investigate and build a case.
  • It may be difficult to find evidence if too much time has passed. 
  • You can focus on healing if you let your lawyer handle everything from the start.

What if I Cannot Get a Settlement?

If a settlement with the liable party can’t be reached, another option is to sue the at-fault party.

Your attorney can prepare your case for trial. If a jury awards you money, you may have similar payout options: receiving a lump sum or multiple payments. Your lawyer can help also you decide which payout option is best for you.

Time Limits on Seeking Personal Injury Settlements

If you want to sue the at-fault party after you suffered a personal injury, you have a limited amount of time in which to do so.

Each state sets its own statute of limitations that dictates how long you have to take legal action against a liable party. If you miss this deadline, the court could dismiss your case.

You can preserve your right to pursue compensation by:

  • Starting on your case immediately
  • Working with your attorney to decide on a course of action that meets all legal deadlines and requirements
  • Providing your attorney with any pertinent materials (e.g., photos or medical bills) you have collected since the accident

Even if you miss the deadline, however, it may still be worth speaking to an attorney. The courts are sometimes willing to extend the statute of limitations in certain situations.

Getting a Wrongful Death Settlement

If you lost a loved one from injuries they sustained in an accident, it does not mean the liable party is freed of financial responsibility. If you are the victim’s representative, you can seek a wrongful death settlement on your loved one’s behalf.

While there are some differences between personal injury and wrongful death cases, you could still have the chance to decide how you wish to receive payment. A wrongful death attorney can tell you more about your options.

We Help Clients Seeking Personal Injury Settlements

If you still have questions about how personal injury settlements are paid out, Shulman & Hill would be happy to answer them. We can take on your personal injury case and fight for the compensation you deserve. That way, you can focus on recovering from your injuries.

To get started, call 866.932.5558 and get a free case review from a member of our team today.

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We have helped thousands of New Yorkers recover more than $400 million in compensation

We have helped thousands of New Yorkers recover more than $400 million in compensation

We have helped thousands of New Yorkers recover more than $400 million in compensation
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Everyday working people often struggle to afford top-tier legal representation. To ensure equal access to justice, we work on a contingency-fee basis. You pay no attorneys’ fees unless we achieve a settlement or verdict in your case.

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"The treatment received by Shulman & Hill was extremely excellent. They treated me like I was part of their family and that gave me a lot of confidence in them. I would recommend them one hundred percent because they are very trained in your area. I congratulate you and ask God to fill you with blessings. Gracias for your support."

Ramon E.

"I would like to thank The Shulman & Hill Law Firm in Brooklyn for their outstanding representation on my worker’s compensation case. The monetary reward exceeded our expectations and Alex worked closely with me to meet and exceed my goals."

John S.

"To anyone in need of a worker’s compensation lawyer, I highly recommend Alex Shulman and his team. They went above and beyond to best accommodate me during my time of injury. All my questions and concerns were answered in a timely manner and with the utmost professionalism. In addition and most importantly they fought to make sure I was correctly compensated for my injuries at time of settlement and didn’t rush to get paid. I will be recommending their firm to anyone and everyone in need of their services."

Chaim L.

"I am both satisfied and relieved with the results this extremely professional and reliable firm did. They lead me through the entire process, they never gave me any issues. They handled everything on their own, and always put a great deal of effort to ensure my comfort and best interest. They were always reachable and answered all my questions, and gave me information even when I didn’t know what the right question to ask was.  They turned a grave dilemma into something very manageable and repairable. They are efficient and do not linger with any paperwork, I was truly amazed at the results and the short time it took. I highly recommend them to anyone, and will seek their counsel in the future."

Akila B.

"I really appreciate the service I received with Shulman & Hill.  They walked me through the process and kept me informed every step of the way.  They would call and leave a message and when I called back, I was connected with a person who knew exactly what my call was about.  I was very satisfied with my settlements. Thank You!"

Aaron R.

"Alex Shulman did a wonderful job walking me through all the process of my case…making sure I understood all the legality and severity of all my hearing. I highly recommend their firm to handle any and all worker’s compensation cases. They strive for your wellbeing health-wise as well as aiming for the financial max."

Altagrace G.

"Schulman & Hill was my very first choice I chose for my WC case . I am very pleased with the outcome of my case. I would highly recommend them to friends. They are very professional and kept me informed during every step of this process. Should I ever need a WC attorney again, God forbid, Shulman & Hill it is, hands down . Thank you ."

Cheryl M.

"I had a great experience with Shulman & Hill. They have a great team and were very understanding and helpful from day one. I felt like I was in good hands and the outcome on my case overreached my expectations! I highly recommend this firm. You can be rest assured that they will fight for you rights."

Anna G.

"My experience with the Shulman & Hill lawyers during this process time was excellent, they are competent and very professional lawyers, they worked quickly with my case and they kept me informed of the whole process all the time. Shulman & Hill’s fans recommend them with closed eyes, thank you very much Shulman & Hill."

Carolyn G.

"Shulman & Hill is the best firm out there. They help you understand....since walking into Shulman & Hill, they have guided me...to get a win. I am completely happy with my compensation. What brought me to Shulman & Hill was their expertise in workers compensation and personal injury cases. What I found value in was in their mission to provide compassionate service..."

Jason S.

"I went to the Internet to find a lawyer to assist me to navigate worker’s compensation process. Shulman & Hill was my first choice  and I have no regrets. I was impressed with the prompt response to my case. I must comment on the office environment and office staff being  friendly, professional and prompt. A big thanks to the lawyers that represented me at the hearings and Valeria who helped to lessen my anxiety are dealing with legal issues. I have no hesitation in recommending this law firm to anyone that requires legal services."

Ita L.

"The best law firm in NYC! They explain everything to you and they are very generous and helpful. The lawyers are excellent and very respectful as also is the receptionist. I highly recommend the Shulman & Hill law firm."

Davis C.

"Excellent lawyers. Excellent service. I will recommend them as my first choice. They helped me with my case since day one. They know exactly how to work on a case and win it. They worked fast and were always in communication with me.  I won my case with a very high amount. Thanks to all the staff, I wish them my best. They will always be in my heart."

Grace B.

"Had a very positive experience working with Shulman & Hill in the worker’s compensation case. Everyone is very professional and competent. Received the maximum possible settlement in court. I am sincerely grateful to my lawyers and personally Alex Shulman for the work done. I wish you further success and prosperity."

Dmitry M.

"I am so glad that I chose Alex Shulman to represent me in my worker’s compensation case. I have definitely recommended him to some of my coworkers and friends who needed an Attorney. I am so happy with the service I got from him and his paralegals. Thank you very much to the entire staff at Shulman & Hill for everything!"

Ilya K.

"Shulman & Hill have been tremendously helpful in resolving my case. They are extremely professional and thorough. I would recommend them to anyone working to resolve a difficult case."

James M.

"I was very pleased with the work of this firm. They made sure I understood my case and I was never left out of the loop. They were professional and very friendly. I would recommend them to anyone looking for someone who is going to fight for you to the very end."

Jennifer D.

"Do not waste time looking for better. There is no better than Shulman & Hill. I am very happy I got introduced to them by my good friends. Definitely THE BEST there is."

Arian K.

"Shulman and Hill are the absolute best: JJ, Alex and Christine are powerhouse attorneys who get the best results for their clients. I feel like these guys took care of me like family. When you’re dealing with a worker’s compensation case, you’ll want a pit bull to represent you: Shulman & Hill is the firm you need."

Chelsea W.

"Wonderful service quality by the group of professional advocates in the law firm of Shulman & Hill! I did not expect that I will find a proper solution regarding my worker’s compensation. However, it has been possible by the experts and they have made the task easier over the period. Thanks to them for their help."

Corey A.

"I would definitely like to thank Mr. Alex Shulman and his entire staff at Shulman and Hill for their exceptional work in helping me with my Worker’s Compensation case. Their entire staff was courteous and professional from start to finish and all work was done in a timely fashion. I was previously with a different law firm who were not as informative, and they made me feel like I was a mere money to them. I personally recommend the law offices of Shulman & Hill for any injury/ worker’s compensation case you may have. They strive to get you a maximum reward for your injury, while maintaining the utmost courtesy and professionalism."

Dain J.

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