Getting your Correct award quickly

Awards Payments

How Are Awards & Settlements Paid?

Once a lawsuit has been won or, alternatively, a settlement is reached between a claimant and an insurance company, the settlement is paid to and disbursed by the claimant’s law firm assuming the claimant is represented.

Proceeds Deposited Into Trust Fund

The proceeds are first deposited into the law firm’s trust account. A trust account is an account that all reputable law firms have that holds client funds, and that is periodically audited.

Settlement Statement Prepared

Then, the attorney will prepare a settlement statement that details where every cent of the proceeds will be paid. No funds are ever disbursed before the client gives permission, and directs the firm to disburse the funds. There exist a number of reasons why this method of disbursement is best for all parties involved, but, most importantly, the claimant.

Medical & Other Debt Cleared

First, an experienced claimant’s attorney ensures that all creditors are adequately compensated from the settlement proceeds. This is good for a few reasons. Obviously it is desirable for most injured persons to come out of the process without owing money to health care providers or other creditors as a result of an automobile accident.

Prevent Overpayment To Creditors

Secondly, the attorney can ensure that no creditors are overpaid and only receive recompense for what they actually paid out for the benefit of the claimant and are owed.

Offset Legal Costs

Third and very importantly, a personal injury attorney experienced in automobile accidents can often times compromise claims of health care providers and have insurance companies who have paid out benefits contribute to part of the attorneys fees that are due to the attorney. This is so important because all such offsets go directly into the pocket of the injured claimant.

Award Is Paid To Claimant

The client is then paid all proceeds that were not owed to third parties or paid as attorney’s fees or expenses. While the proceeds incorporate all the funds due to the client whether it is for pain and suffering, lost wages, emotional distress, or future medical procedures, the client is free to use the money as is best for his or her family.

Structured Settlements:

Alternative Payment Methods Arranged

There also exist additional methods of receiving compensation in special cases. For example, if the claimant is a minor and the amount of the award is over $10,000, a conservatorship generally must be set up to ensure that the proceeds go for the benefit of the minor. Also, in some instances, it may be beneficial to the injured to gain interest on a settlement and receive future payment(s). These can be monthly, yearly, or even one or a number of larger lump sum payments. These structured settlements as they are referred to, are set up by an independent financial advisor. Once again, an experienced claimant’s attorney often will have a company to which they can refer the injured to, and with whom they do business with. There are a number of additional considerations that may arise when payments are received and remitted. From getting the claimant the most out of the settlement, to dealing with third parties creditors from insurance companies to state or federal agencies such as Medicare and Medicaid.

The Spokane, Washington Law Firm of Robert Hahn is one of the leading firms in the area of Personal Injury Law. Our personal Injury clients have the peace of mind in knowing that their case is being handled by an experienced Plaintiffs injury attorney. Our aggressive representation and extensive experience has earned the firm of Robert C. Hahn, III, a stellar reputation for excellence in the representation of injured people.  Robert Hahn’s goal is to provide excellent service by a highly experienced lawyer and legal professionals at an affordable fee.

After helping hundreds of injured people ranging from complex litigation to simple settlement of claims in Spokane and surrounding areas, Spokane Attorney Robert Hahn has the background to explain your alternatives and suggest a solution to your injury difficulties.If you are considering hiring a personal injury attorney, make sure that the attorneys you are considering practice in personal injury law because you need a law firm that deals with these issues on a daily basis.

Our attorneys represent clients in Western Washington, Spokane, Washington and other Eastern Washington communities, including Cheney, Clarkston, Colfax, Colville, Davenport, Ephrata, Moses Lake, Newport, Odessa, Pullman, Ritzville, Republic, Ione, Chewelah, Newport, Metaline Falls Wenatchee, Seattle, Spokane, Yakima and Walla Walla. Our attorneys also represent clients in North Idaho, including Bonners Ferry, Coeur d Alene, Hayden, Lewiston, Moscow, Post Falls, Sandpoint, Wallace, Priest River, Plummer, St. Maries and Potlatch. Our lawyers work in all Spokane County, and surrounding Spokane areas, including Downtown Spokane, North Spokane, South Spokane, East Spokane and West Spokane court systems. Our laywers practice in the Spokane Superior Court, Spokane District Court, Spokane Municipal Court, and the Spokane Valley Municipal Court systems.

For those in need of an injury attorney in Spokane, Robert Hahn represents clients for personal injury, spinal injury, traumatic brain injury, whiplash injury, wrongful death, soft tissue injury, workplace injury, construction injury, injuries to children, serious catastrophic injuries, burn injuries, dog bite injury, animal injuries. Many accidents cause undiagnosed long term permanent damages like, ear injuries, eye injuries, head injury, ankle injury, foot injury, leg injury, hip injury, shoulder injuries, arm injury, elbow injuries, knee injury, fractured pelvis injury, fractures hip injury, broken hip injury, paraplegia, paralysis, burst fracture, herniated disc injury, back injury, spinal fusion, laminectomy injury, head injury, skull fracture, concussions injury. If you are in the need a lawyer in Spokane for a permanent injury, playground injuries, daycare injuries, nursing home injury or abuse, medical malpractice, negligence, insurance claims or insurance disputes contact a lawyer at our Spokane law firm by using the contact us button above. Spokane attorney Robert Hahn represents clients injured in an auto accident, truck accident, construction accident, pedestrian accident, fatal accident, accident caused by cell phone use, commercial truck accident, semi-truck accident, and 18-wheeler accidents. Our lawyers focus on rear-end car collisions, intersection car collision, t-bone car collision, motorcycle collision, drunk driving auto accident, teen car driving accident, boating accident, slip and fall accident, school bus accident, car or truck roll over accident, accident cause by a negligent driver, interstate accident, highway accident, multiple car accidents. If you are in need of a lawyer in Spokane for a side impact car collision, garbage truck accident, commercial bus accident, long haul truck collision, railroad crossing accidents, train accident, mining accident, lumber mill accident, logging accident, improperly marked crossing accident, design defect caused accidents, car malfunction, auto malfunction, motorcycle malfunction, single vehicle crash, multiple vehicle crash, driver error crash, employer negligence accident, third party liability claims, or insurance claims or insurance disputes, contact a lawyer at our Spokane law firm by using the contact us button above.