This form is to be used as an acknowledgement by client of settlement of the client's claim and as a reciept for the distribution of settlement funds.
Massachusetts Settlement Statement of Personal Injury Case and Receipt
State:
Multi-State
Control #:
US-PI-0019
Format:
Word;
Rich Text
Instant download
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How to fill out Settlement Statement Of Personal Injury Case And Receipt?
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FAQ
The pain multiplier approach: This method determines pain and suffering damages by multiplying actual economic damages like medical expenses by a set number (the multiplier). The multiplier is usually between 1.5 and 5, with a higher multiplier for more serious injuries.
If you have recently suffered injuries in an accident, you may have had extensive medical bills. If insurance paid for them, you do have to pay your medical bills from a personal injury settlement.
Under 26 U.S. Code § 104(a)(2), compensation that you recover for your medical expenses for your physical injuries is excluded from your gross income and is generally not taxable by the IRS or the State of California.
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.
As mentioned, as MA is a no-fault state, the one responsible for covering the injured victim's medical bills is their health insurance company. They should be able to quickly pay for some or all their medical expenses, without considering the person at fault.
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.
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.