HOW MUCH OF A PERSONAL INJURY SETTLEMENT DO I KEEP?

money

After an accident, there are so many things that tend to go through your mind. The main question you might ask yourself is who will pay for everything? After all, the accident was not your fault. But most importantly, you might also wonder how much of a personal injury settlement you are entitled to?

When you hire an NJ personal injury lawyer, they will seek compensation for your injuries and other damages. Some of these damages include: 

  • Property damage
  • Lost wages
  • Medical bills
  • Wrongful death
  • Consortment
  • Pain and suffering

Average Settlement Amount

Any personal injury lawyer in NJ can tell you that each case is different and the amount that you get in your settlement will be different than someone else.

On average, personal injury cases can range from $3,000 to $75,000. You will find many calculators online, but they are just estimates. Generally, until you hire a personal injury attorney in NJ to discuss your case, you will not truly know how much your case is actually worth.

Each settlement has various factors to consider including your punitive damages, pain and suffering, and economic damages. So although your personal injury case may seem like it will be simple and fall into the lower end you are not the one who can truly determine this. In fact, you might be surprised to find that a personal injury lawyer in NJ carries the potential of providing a higher number than you originally anticipated.

Documentation 

Any personal injury lawyer in NJ will tell you that the more you document the better your personal injury claim will be. 

Here are a few tips that can help you get more money:

  • Save your medical bills: This helps establish how much is owed to doctors and ensures everyone gets paid. Send these to your NJ personal injury lawyer periodically. 
  • Do not discuss your case unless your lawyer is present: You will have insurance adjusters trying to contact you and you should not speak to them without an NJ personal injury lawyer present. The adjuster is trying to dismiss your injuries and not pay your claim. 
  • Keep a Journal of Your Injuries: Keep a journal of your pain, both physical and mental. This helps to paint a picture of how your injuries hinder your day to day life. 

Where Does The Money go? 

Once a case is settled, the money must be distributed appropriately and you will be left with the remainder, according to our personal injury attorney in NJ. First, the firm your personal injury attorney in NJ represents will deduct any cash they had to advance for your case. This includes filing fees, court fees, copying and faxing fees, delivery fees. 

Your personal injury lawyer in NJ will keep a ledger detailing all of these fees. Next, your NJ personal injury lawyer will deduct labor costs, such as attorneys fees. This is typically 33.3% of the settlement minus costs. 

Lastly, an NJ personal injury attorney will deduct any medical expenses you incurred. You will then take home what is left after everyone has been paid. 

Schedule a Personal Injury Consultation Today

Contact the Law Offices of James C. DeZao, P.A. at F:P:Sub:Phone} today to speak with a top NJ personal injury lawyer. No injury case is too difficult for our experienced team of attorneys. We always fight for the right of our clients to be compensated for their injuries.

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