The Clendenin Firm

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Vlog: Case Timeline Section #5 - Post Case

Transcription:

Hi guys, Matt Clendenin here. Hope everyone's doing well. We are in our last section of a personal injury case timeline, and this one is section five. It's what happens after my case is done. This is part of our new pamphlet that we made a personal injury case timeline. This helps people understand what's going on in their case and what the process is because personal injury cases are so long that it's helpful to have an idea of what's going on. So this section is post case. What happens after my case is closed. And the most important thing that people ask about this is what about my medical treatment? I've been getting all this treatment, what's going to happen the rest of my life. Some people have been taking attorney liens and the doctors haven't taken care of them as part of the case, But now the case is over. 

The bad news and good news is that, bad news first, once you settle your personal injury case, that's it. There's no second chances. You don't get more money, whatever money you got, that's it. The good news is that once the case is over, you can go back to your regular healthcare, your regular medical insurance. If you got money from your case, you can buy medical insurance and thanks to Obama with preexisting conditions, you can get medical insurance. So lots of times our clients use the money that they get to have a better life and get health insurance for themselves. So once you're done, life goes on and that's the whole purpose of the case is to get money for the client to pay for their medical bills for the rest of their life, to pay for any lost wages for the rest of their life. 

And so once your case is closed, there's no more that you get from the case. Your life goes back to, you know, as much as you can to normal. The good news is, you've been compensated for that. So that's the last section on case closure with medical treatment. The final thing we're going to talk about with post case is what's called a structured settlement, and that's where you take your settlement money and you put it into a financial investment that's specially made for settlements and they purchased what's called an annuity. And then the annuity pays you a certain amount of money for a certain amount of years. You could have it pay you for, you know, a high monthly rate for a short amount of time, or you could get a low amount of money for a long amount of time. That is all up to you. We can help you facilitate that process. So even after your post case is closed, if you've chosen to do a structured settlement and invest your settlement, uh, you can continue to get your payment paid across a number of years. So that's the last section. I hope everyone understands a little bit better about what's going on in a personal injury case timeline. Thanks guys.