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What to Do After a Personal Injury Lawsuit
Understanding what to do after a personal injury lawsuit is vital for protecting your settlement. From settling medical liens to managing long-term funds, the steps you take after the case ends define your future financial health.
Most people think the finish line is the day the settlement is reached. But knowing what to do after a personal injury lawsuit is actually where the most important work begins. At Pyramid Legal, we help clients navigate the transition from “litigation mode” to “recovery mode,” ensuring that the award you worked so hard for is managed correctly.
Managing Liens: What to Do After a Personal Injury Lawsuit
The first major hurdle is handling medical liens. Before you receive your funds, hospitals or insurance companies that paid for your care during the case will seek reimbursement. Part of knowing what to do after a personal injury lawsuit involves having your legal team negotiate these liens down. This ensures that a larger portion of the final settlement stays in your bank account.
Securing Your Financial Future
Once the immediate bills are paid, you must decide what to do after a personal injury lawsuit regarding long-term care and taxes. While most physical injury settlements are non-taxable, it is vital to understand how the government views your specific award. According to the IRS guidelines on settlement taxability, certain portions like interest or punitive damages may be subject to tax. Structured settlements can provide a steady income while protecting your assets.
Moving Forward with Pyramid Legal
Finally, don’t ignore the emotional shift. After years of stress, knowing what to do after a personal injury lawsuit includes giving yourself the space to heal. At Pyramid Legal, we don’t just win cases; we help our clients rebuild their lives. We stay by your side until every lien is settled and the final check is in your hands.
Start Your Path Forward Today
If you have questions about what to do after a personal injury lawsuit or if you are ready to start a claim, you need a team that understands the long game. Don’t leave your financial future to chance. Reach out to Pyramid Legal today for a free consultation and let us guide you through every step of the legal process—from the first filing to the final settlement distribution.
