Look Deeper Into Future Needs Before Settlement Signature
Being offered a settlement for your injuries is an amazing step forward, but it may not represent all of the potential benefits that could come from fighting a little harder for what you deserve. Your legal opponent is often looking after his or her own benefits, which may mean paying you off with a tempting lump sum to distract you from a much bigger, long-term compensation solution. Before signing anything, consult with a personal injury lawyer and consider a few negotiation angles to protect your future financial needs.
The Cost Of Pain
When dealing with injury, you may have pain that can't be soothed by visiting the doctor's office on a daily basis. Unless there is compensation for over-the-counter medication, you'll need to understand what you'll be paying out of pocket.
Consider basic pain medication. From generic to popular name brand medication, you can expect to pay $4 to $10 for a helpful amount of medication. Depending on use, that amount may be paid once or twice per month to stay out of pain.
Some medications lose their effectiveness on a specific person over time, or must be discontinued for health reasons. The search for new medication begins, which may come with experimental purchases of medication that doesn't work. Consulting a doctor can help, but may not always provide a solution you can rely one.
These costs may not be temporary; even if you're able to work and enjoy life, the pain management may be a lifelong requirement that adds to other natural ailments as you age. With the help of a financial planner, your medical care team and a personal injury attorney, you can figure out how much you stand to lose over the years and how to best negotiate for pain management costs.
Pushing For Education And Training
Your injuries may make you less competitive at work, or unable to work at your old job at all. If you're not injured enough to qualify for services such as Social Security Disability, you may need to find a new way to earn income through education and training.
By either looking for a less injury-aggravating position in your profession or searching for a completely new profession, you can find new opportunities to earn a living with the assistance of your legal opponent. Depending on how you manage the negotiations, the settlement may have a better chance of success as it may have a smaller cost than a large, life-long compensation argument.
Your legal opponent can consult a grant writer or scholarship professional to look for educational opportunities that can serve you. From job training to an entirely new college degree, you may find that your new future has better earning opportunities than walking about with a set settlement amount.
For more information, contact Walz Law Office or a similar firm.