Structured Settlements in Wrongful Death
Structured settlements in Pennsylvania allow people to receive income tax-free annuity payments over a set number of years instead of one lump sum. Learn more about how our West Chester PA Personal Injury Lawyers can help you. These types of agreements can often be in the best interest of such people as:
- Surviving spouses
- Children who are minors
- Any family members who will have extended expenses
It is important to understand that a structured settlement not only protects people from spending monetary awards too quickly, but it also allows them to earn tax-free interest on their money. Whereas a lump sum judgment might be invested or placed in a bank account where interest is subject to taxes, the interest that is earned on money in structured settlements will not be taxed since the people receiving the payments are considered to be getting back money that was lost.
The party who will be responsible for agreeing to make structured settlement depends on the victim’s cause of death. Individuals or entities may be liable if their actions caused a loved one’s death, but it is also possible that additional third parties may be considered negligent in these cases.
In many instances, any payments from these parties will be made by insurance companies. Insurance adjusters will seek ways to deny the liability of their clients, possibly arguing that a victim’s own conduct contributed to his or her death. A structured settlement can help during any pre-trial negotiations because payments can be tailored to meet very specific annual needs while lump sum payments can frequently become very contentious.
The West Chester wrongful death lawyers at Ciccarelli Law Offices understand that every case is different, and we will make sure that any legal agreement serves your best interests. Our personal injury firm will help you understand all of your options when you call (610) 692-8700 to schedule a free consultation. We are Personal Injury Lawyers based in West Chester Pennsylvania and representing clients throughout the greater Philadelphia metropolitan area and Pennsylvania.
Our wrongful death attorneys work as a team to help clients get every dollar of compensation they are entitled to, and we provide legal representation on a contingency fee basis so our firm only gets paid if you recover a financial award. We help people throughout Chester County, Philadelphia County, Montgomery County, Lancaster County, and Delaware County.
Contact Our Pennsylvania Personal Injury Lawyers
We are a team of Pennsylvania Personal Injury Lawyers our main offices located in West Chester, Chester County Pennsylvania and serving clients throughout the greater Philadelphia Metro Area including Lancaster County, Berks County, Bucks County, Delaware County and Montgomery County. If your family has been victimized by Homicide and you are seeking a free initial consult on you rights and possible claims, it is crucial you speak to an experienced Pennsylvania Injury lawyers in order to ensure your rights are protected and to review all of your legal options with you.
The Injury attorneys of Ciccarelli Law Offices have successfully represented individuals throughout the state of Pennsylvania that have been injured in accidents. Our Chester County based law firm is based at 304 North High Street, West Chester PA 19380 and serves clients throughout Pennsylvania including but not limited to in Kennett Square, Downingtown, West Chester, Coatesville, Exton, Chester Springs, Chadds Ford, Landenberg, Lancaster, Media, Harrisburg, Reading, Philadelphia, Honey Brook, Oxford, Malvern, Parkesburg, Phoenixville and Paoli. Contact us now at (610) 692-8700 or call toll free (877) 529-2422. Don’t wait—contact an attorney immediately.