When your case is settled, it is perfectly natural to feel a sense of lingering uncertainty. After everything you have been through, it is easy to find yourself asking the question: “Where is My Money?” From years of experience with our clients, we know the relief that comes when you understand the settlement payment process. Knowing what to expect can free you from worry. You can feel supported and take comfort in the steps moving forward.
What Happens After a Settlement Is Reached
After the agreement is finalized and signed, understanding the settlement payment process can help you know what to expect in the following steps. Once all steps are complete, the settlement payment is processed, any required fees or liens are addressed, and the remaining funds are then distributed to you. Although this final stage can take a little time, every step there is meant to protect you and ensure that everything is handled with care.
Common Reasons for Delays
Sometimes delays happen, often for reasons beyond anyone’s control. These may include things like how long insurance companies take to process or review claims, resolving medical bills or liens, handling attorney fees and case costs, subrogation claims, or the timing of bank transfers. While it may take a little bit longer, these steps help everything proceed smoothly and cautiously.
Understanding Your Settlement Statement
It is important to remember that when receiving your settlement, the amount may be less than what you expect it to be. Certain deductions like attorney fees, medical liens and other case costs are subtracted from the total settlement, which can make the amount you receive feel less than expected. Knowing these details ahead of time can help ease any uncertainty and give you a clearer understanding of what you can expect.
Typical Timeline for Receiving Your Money
Typically, it can take anywhere from a few weeks to a few months to receive your funds after a settlement. Each case is unique, so the timing can vary. More complex cases or those involving multiple parties may take a little longer, but you can rest assured that everything will be handled carefully with our trusted team.
What You Can Do While Waiting
We understand that the waiting process can feel overwhelming, and it is completely normal to feel tense about it all. Staying in touch with your attorney can provide reassurance during this time. It also lets you know all paperwork is completed. Any liens or outstanding obligations are being handled properly.
When to Contact Your Attorney
It can be helpful to reach out to your attorney if you have not received your payment on time. Contact your attorney if you have questions about deductions or if any additional steps are needed to release your funds. Doing so can provide you with clarity and peace of mind, helping you feel more confident as everything is finalized.
Our Commitment to Clients
Here at Fielding Law, we believe that great legal work starts with people. Our team brings the highest level of expertise to every case, guided by civility, kindness, and respect. With experience in resolving liens and negotiating with insurance companies, our team works diligently. This helps ensure clients receive the payout they deserve. We understand that delays can feel concerning, but they are often a normal part of the process. Please know that we will stay in close contact and keep you informed every step of the way. If you have any questions about your settlement call Fielding Law at 833.88. SHARK.
Note: Information provided is for educational purposes and does not constitute legal advice. Always consult with a qualified attorney for legal concerns.
