NJ Workcomp Structured Settlement?
Once an order is made on a settlement ~ can the settlement be done in structured payments without first letting the court know that is the intent?
Is there anything the attorney can do? What if we don’t want a structured settlement?
None of this was mentioned in the court ~ the total payouts were listed and signed off and we were told the check would arrive in 3 to 6 weeks. We received 25% ~ I did some math and it looks as though they are going to pay this out over the course of two years.
3rd Party Managed ~ all medical bills paid directly to providers ~ call into the attorney now ~ call to 3rd party ~ they intend to pay out future 182 weeks ~ as WEEKLY payments ~ settlement was offered as lump sum ~ not future ~ but thank you for the reply.
On a side note ~ you can’t even sell this type of settlement in the state of NJ.
Most likely, the state requires that future medical payments be set up this way, to keep you from spending it all at once and then not having the money to pay the actual medical bills.
But you need to ask your ATTORNEY these questions – that’s what you’re paying him for!
balance of payments – structure of the current account
Related posts:
Comments on this entry are closed.