What Do I Do When I Win A Settlement?

Congratulations on winning a workers’ compensation settlement in California! This is a great feeling after waiting and waiting! Now what do you do next?

Here’s what you should do next:

  1. Receive your settlement check: The first thing you’ll need to do is receive your settlement check from your employer’s workers’ compensation insurance company. This can take a few weeks, depending on the specifics of your settlement agreement.
  2. Review your settlement agreement: Carefully review your settlement agreement to ensure that all of the terms are clear and you understand what you are agreeing to. Make sure that all of the benefits you are entitled to are clearly stated, including medical treatment, lost wages, and any future benefits you may be entitled to.
  3. Sign your settlement agreement: Once you have reviewed your settlement agreement and are satisfied with the terms, you will need to sign it. This will typically be done in front of a notary public or an attorney.
  4. Pay any outstanding bills: If you have any outstanding medical bills related to your workers’ compensation claim, you may need to use some of your settlement money to pay them. Your settlement agreement should specify whether you are responsible for paying these bills or if they will be covered by your settlement.
  5. Deposit your settlement check: Once you have received your settlement check, you will need to deposit it into your bank account. Be sure to keep a copy of your deposit slip and your settlement agreement for your records.
  6. Notify any lien holders: If you have any liens on your settlement, such as liens from medical providers, you will need to notify them that you have received a settlement and provide them with a copy of your settlement agreement. You may need to negotiate with these lien holders to reduce the amount they are owed.
  7. Consider tax implications: Depending on the specifics of your settlement, you may need to pay taxes on some or all of your settlement money. Consult with a tax professional to determine your tax liability.
  8. Consider future medical care: If your settlement includes future medical care, make sure you understand what types of medical treatment will be covered and how you can access this care in the future.
  9. Consult with an attorney: If you have any questions or concerns about your settlement or the process for receiving your settlement, consult with an attorney who specializes in workers’ compensation law. They can help you navigate the process and ensure that your rights are protected.

Overall, winning a workers’ compensation settlement in California can be a complex process, but following these steps can help ensure that you receive the benefits you are entitled to and that your settlement is properly managed. We can help you win your workers comp case when it gets tough, give us a call at Solov and Teitell (213) 280-9310!

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