On average, the typical settlement can take up to six weeks for processing after the case is settled. This is due to a number of factors and may vary from one case to another. This is just an average on how long it will take to get paid after your case is finished but varies depending on a number of factors.
Here are the things that typically have to happen before you receive your settlement check:
Paying Out Victim Expenses From The Settlement
Depending on the nature of the claim, there may be medical bills or vehicle repair bills to be paid, or to be reimbursed if the plaintiff has already paid these costs.
If invoices or statements have already been collected and are up-to-date with no further bills to be included, the attorney will confirm final amounts to be paid to each creditor or medical provider, and checks will be issued accordingly.
Paying The Attorney Fees
Next, comes the attorney fee, along with court costs and filing fees. Your attorney will pay the legal costs and issue himself the agreed-upon fee for legal representation.
A statement of services may need to be prepared that itemizes the actual work performed by the attorney, along with associated costs, if required, for postage, copies, travel, etc.
The Most Important Part For the Victim Comes Last: Victim Compensation Payout
After all related bills, fees, expenses, and costs connected to the settlement have been paid, the law firm will issue a check to the plaintiff in the residual amount. It may take a few days for the other checks to be processed, followed by the last one for the client.
Sometimes the check will be picked up at the law firm, or it may be mailed via postal service, along with the final legal fee statement and a copy of the final settlement agreement, which the plaintiff would have signed at the conclusion of settlement negotiations.
Since most law offices are handling several cases at any given time, processing a settlement usually takes a few weeks. After months or perhaps years of legal proceedings, most clients will patiently await the finalization of their claim. If you are wondering, how long does it take to get money from a settlement, you can call the lawyer’s office for verification. Most likely, the cash settlement will arrive within six weeks.
Can I get an advance on my personal injury settlement?
If you’ve been injured in an accident and are considering a personal injury lawsuit, you may be wondering if you can get an advance on your settlement. While some law firms do offer this option, it’s important to understand the risks before you agree to it.
One thing to consider is that personal injury lawsuits can be unpredictable. Even if you have a strong case, there’s no guarantee that you’ll win. If you lose your case, you’ll be responsible for paying back any advance you received, which could put you in a difficult financial position.
Additionally, the terms of a personal injury advance may not be favorable. Some law firms charge high fees or interest rates for advances, which can eat into your settlement or even exceed the amount you receive.
There are other options available if you need financial assistance while you’re waiting for your personal injury settlement. For example, you may be able to negotiate a payment plan with your medical providers or borrow money from friends or family. You may also be able to get a loan or line of credit based on the expected settlement of your case, but be sure to shop around and compare offers to get the best terms.
In summary, while it may be tempting to get an advance on your personal injury settlement, it’s important to weigh the risks and consider other options before making a decision.
Frequently Asked Wrongful Death Case Questions
Q: How long does it take to get lawsuit money?
A: The entire lawsuit process can take years, but it usually takes up to six weeks to receive your payment after the lawsuit.
Q: What is the typical wrongful death settlement amount?
A: The amount will vary depending on the factors of the case. You can review the typical wrongful death settlements here.
Q: How long does it take to get a settlement from a car accident?
After you have settled it can take up to six weeks before you receive the check.
Q: How long does it take for an insurance company to pay out a settlement?
After the settlement is agreed they have up to 85 days to pay.
Article written by Andy Gillin. Last updated 3/21/23