How Quickly is a Wrongful Death Lawsuit Payout?
When Will Compensation Be Received?This is one of the most often asked questions concerning wrongful death claims and the answer is not simple. There are many factors that can affect the length of time for you to receive a payout.
The Length of The TrialIf a trial is necessary the court can take as long as 18 months to hear your claim, depending on the court’s case load. Once the trial begins it can take another 18 months or longer to decide based on the complexities of the lawsuit. Lawsuits with many complicating factors could take three years or more.
Shorter Wait For SettlementsWhen a settlement can be reached the payout is generally distributed within four to six weeks of the court's approval. Settlements also allow you to bypass the legal costs and mental stress of a trial.
Insurance Coverage LimitsWhen the negligent party does not have adequate insurance coverage to fully compensate your damages, there is a chance that the compensation awarded will not be paid. The policy may cover all, a portion, or none of the compensation awarded to you.
Payout MethodAfter a settlement or court decision, you may have the option of choosing from one of two methods of payout:
- Lump Sum- A lump sum is a payout received all in one payment.
- Structured Settlement- A structured settlement allows the compensation to be dispensed over an approved time period on an approved schedule, generally monthly. This is a good option for minor dependents allowing future income to provide for their needs.
West Palm Beach Wrongful Death LawyerHaving the assistance of a West Palm Beach wrongful death lawyer can be especially helpful when struggling to overcome your loss. At Casas Law we offer a free consultation to discuss your claim so you can decide if we should be your West Palm Beach wrongful death lawyer.
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