Receiving a settlement? Start with these 3 tips.

Posted on February 12, 2020

A personal injury settlement changes everything. Not only does it mark the next chapter in your life, but it also means receiving much needed compensation for your medical bills and other losses related to the injury. But financial planning is tricky when you’re trying to benefit from a settlement for as long as possible. 

At Milestone, our expert settlement planners have decades of combined experience helping plaintiffs plan for their financial security. Below, we’ve compiled a few of our favorite posts about the process and some of the options out there.

The lowdown on means-tested government benefits

Some government benefits are part of means-tested programs, which means that there are income and asset limits for eligible beneficiaries. Medicaid, SSI, and SNAP are just a few programs that are means-tested. The problem is, some plaintiffs who settle a personal injury case can face disqualification from those benefits. The key to reducing the chance of losing eligibility for benefits once the money arrives is to speak with an expert prior to concluding litigation.

Planning for your injured child’s financial future

If your child has suffered a birth injury or other catastrophic injury, a large lump sum settlement is not easy to manage for his or her lifetime. But there are lots of options for managing your child’s settlement money, no matter the amount. We name a few of those planning tools here.

Getting an ‘edge’ with a settlement planning team

Winning a personal injury lawsuit requires making major financial decisions. And, as you’d expect, uncovering answers to all the settlement planning questions that arise is not always easy. Those who enlist the help of a settlement planning firm get answers to these questions,and others they may not even know to ask. In short, settlement planning helps ensure a plaintiff’s recovery is as impactful now as it is in the future. Here’s what a settlement planner can do for someone who is about to obtain a financial recovery.

If you are approaching settlement, talk to your attorney about whether bringing an expert planner on board would be a smart move. Our team provides attorneys and their clients with the knowledge, expertise, and guidance to successfully navigate the post-litigation and settlement process. We welcome you to visit milestoneseventh.com or call us toll-free at (855) 836-2676 to discuss your options for securing your financial future.