Kentucky Personal Injury Settlement Statement

State:
Multi-State
Control #:
US-PI-0228
Format:
Word; 
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Description

This form is a settlement statement provided by the attorney to the client detailing expenses and disbursements of client funds.

How to fill out Personal Injury Settlement Statement?

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FAQ

To determine a potential settlement value, they first combine the total of medical expenses to date, projected future medical expenses, lost wages to date and projected future lost income. The resulting sum is then multiplied by the pain and suffering multiplier value to produce a projected settlement amount.

Yes, you may have a right to some of the recovery. How much largely depends on when your spouse receives the settlement, and the types of damages for which he or she is being compensated.

Generally, you can sue for pain and suffering damages in Kentucky if you have been injured due to someone else's negligence. Common personal injury cases involving pain and suffering damages include car accidents, slip and fall accidents, and medical malpractice.

For personal injury actions in Kentucky, the statute of limitations is generally only one year from the date of the accident or injury, or from the date the injury was discovered. This is a relatively short SOL compared to other states in the country.

Compensatory damages are those meant to compensate someone directly for their loss. This typically includes things like pain and suffering, mental anguish, loss of consortium, loss of nurturing and training. All of these and other similar damages are not taxable by the IRS or the state of Kentucky.

The initial demand has to be big enough so that you have room to negotiate. If, for example, you want to settle the case for $80,000, and you demand $90,000, you have very little room to maneuver. As a general rule, your initial demand should be at least twice what you are looking to settle the case for, if not more.

Average Kentucky Car Accident Settlement Amounts Average Payout by Severity of InjuryModerate Injury$34,968Severe Injury$360,302Payout Range by Type of AccidentRear-End Collisions$4,431 - $681,1712 more rows

Average Kentucky Car Accident Settlement Amounts For moderate and severe injuries, the average payout is between $34,000 and $360,000. However, Kentucky places no caps on the amount of damages you can claim. You can claim economic and non-economic damages arising from car accident injuries.

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Kentucky Personal Injury Settlement Statement