How Long After a Settlement Will I Get My Funds?

When you have been injured in an accident, the last thing you want to worry about is money. You are likely dealing with pain and other issues, and the last thing you need is to stress over how you will pay your bills.

That is where a personal injury settlement comes in. A personal injury settlement can help cover medical expenses, lost wages, and other costs associated with your accident. But one question that many people have is: how long after a settlement do I get my funds? In this blog post, we will answer that question and give you some tips on what to do if you are waiting for your funds.

Having a good attorney to help you get your settlement funds is imperative. At The Nye Law Group, we have competent lawyers that shall help you get the compensation you deserve.

How Long Following a Settlement Will I Get My Funds?

The answer to this question depends on a few factors, including the type of settlement and who is paying it out. In most cases, you will get your funds within 30 days of the settlement agreement being finalized. However, there are some exceptions. For example, if the insurance company has to wait for court approval before issuing the funds, then you may have to wait longer.

Structured Settlement Payments

Structured settlement payments are different. If you have received a structured settlement, then the payments will be spread out over time, so you could receive your funds anywhere from one month to several years after the settlement agreement is finalized.

Signing Releases Plus Other Documents

In addition to having a settlement agreement, you will also need to sign some other documents before receiving your funds. This includes signing releases and any other paperwork required by the insurance company or defendant. It is important that you review these documents carefully because they could impact your ability to receive future compensation if there are new developments in your case (ex., you were injured more severely than you initially reported).

What To Do if I’m Waiting For My Funds

If you are waiting for your personal injury settlement funds, there are a few things you can do to make the process go smoother. First, keep track of all your expenses related to the accident and make sure you have documentation to back them up. This could include medical bills, prescription costs, and lost wages if applicable. Also keep in mind that if you settle with the insurance company before filing a lawsuit against the defendant (or defendants), then they may require some time to investigate your claim before issuing payment. If this is happening in your case, it’s important not to sign any releases or discontinue your claim until the insurance company has had a chance to complete its investigation.

Finally, if you have any questions or concerns about your personal injury settlement, don’t hesitate to reach out to an attorney for help. They can guide you through the process and answer any questions you may have.

Contact Us If You Need Help With Your Settlement

At The Nye Law Group, we are committed to getting the best outcomes for our clients. Our team of experienced lawyers can help you secure the compensation you deserve. Contact us today at 912-200-5230 for consultation, or visit our offices in Savanna, Charlotte, and Georgia, NC.