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Accounting After An Injury Settlement in Texas

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If you have retained a personal injury lawyer and have reached a settlement or other resolution of your car accident injury case, you should expect a detailed accounting from the attorney regarding the allocation of the settlement proceeds.

What Should Your Attorney Let You Know After a Settlement?

Accounting for a settlement

Gross Settlement Amount

The total settlement amount should be the top line of any accounting.

Case Expenses (detailed)

The allocation of the settlement sheet should have a detailed listing and include all expenses incurred by the firm that is sought to be reimbursed by the client. Accounting after an injury settlement should be specific on expenses the attorney is seeking reimbursement for.

Medical Bills to be Paid Out of the Settlement

Additionally, if there are any medical expenses or other liens that are to be paid from the settlement proceeds, those should also be covered in the distribution sheet accounting.

Read More: Do Insurance Companies Want to Settle Injury Claims?

Ask Questions if You Don’t Understand

If you are unsure about any item on the settlement statement, you should ask for backup from your attorney or clarification. Additionally, before entering into any settlement, refer to your engagement letter or agreement that sets forth the parameters of the pay for the attorney and reimbursement of expenses.

If the Case was a Personal Injury Contingency Fee- an Agreement Must Have Been Signed

State Bar of Texas requires personal injury attorneys to have a signed representation agreement before representing a client in a personal injury matter. That agreement covers the rights and responsibilities of the attorney and the client and details of the contingency fee.

Understanding the agreement before you sign it is an important step in retaining an attorney to help you. How much it costs to get an attorney is only part of the equation.

Choose a Reputable Attorney

While most attorneys use similar forms and charge a similar percentage of fees, one should ensure that the attorney they are considering is someone they are very comfortable with before signing the agreement. We recommend that clients speak to as many auto injury attorneys as they feel necessary to make an informed and proper choice.

The litigation process can be very stressful and time-consuming, and you must have confidence in the attorney you choose to help you through the process.

Be Wary of Too Busy Attorneys

We suggest that folks should be leery of attorneys who have won big cases but do not seem to have the time for you after the paperwork has been signed. Personal service is necessary for personal injury.

Look for an experienced attorney that has the time for your case.

Read More: Why People Become Unhappy with Their Personal Injury Attorney

Find Out Who Will Do the Work.

We also suggest that you should ask the attorney you are considering if they would be the one that would actually handle your case or if another associate or other attorney would actually do some work on your claim.

There are many law firms where the partner signs the case up, and someone else does the work on the file. In that case, you may not be getting the bang for your buck that you thought when you signed the paperwork. So, ask upfront if any other lawyer will do work on your case.

Do Research on the Lawyer Before You Sign

Spend a little time investigating the law firm and the attorney you are considering, and you will save yourself a lot of grief later on!

Contact The Houston Personal Injury Lawyers at Baumgartner Law Firm for Help

If you have been injured in an accident in Houston, TX, and need help, contact our personal injury law firm in Houston at Baumgartner Law Firm by calling (281) 587-1111.

Baumgartner Law Firm

6711 Cypress Creek Pkwy

Houston, TX 77069

(281) 587-1111

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