Many personal injury plaintiff’s attorneys fail to see the value in partnering with a settlement planner. Some attorneys believe that asset management services will be too costly. Others do not feel comfortable “outsourcing” important tasks. In many cases, the attorney simply isn’t aware of the benefits that a settlement planner can bring to a personal injury settlement. The primary reason to hire a settlement planner is that they can focus their efforts on maximizing the settlement amount and protecting the beneficiary’s assets long term, while the attorney can focus solely on the legal aspects of the case.
Hiring a settlement planner is a win-win situation for personal injury attorneys. In this two-part article, the settlement experts at Synergy Settlement Services will discuss several benefits of working with a settlement planner to increase the value of your client’s settlement. This includes cases dealing with highly complex topics like liability medical set-asides (liability MSA or LMSA) and other comprehensive issues.
Beginning the Process
An experienced personal injury attorney will perform their due diligence and make certain that they are presenting the strongest possible case for their client before the settlement is reached. This includes preserving evidence immediately after being hired onto the case and advising the client on the right precautions to take to support their case. A knowledgeable personal injury attorney will make certain that their client is staying off of social media pages and keeping relevant information related to the case private. However, there are also ways they can assist the settlement planner during the pretrial phase.
Developing a Treatment Plan
Attorneys need to make certain that their client has developed a treatment plan with their doctor or other medical professional and are consistently visiting medical treatment centers to assist them with their treatment. This treatment plan will not only help your client recover from their ailment, but the feedback from medical personnel will also provide accurate documentation and an in-depth professional opinion related to the plaintiff’s medical condition. With a clear explanation of your client’s medical condition and recovery process, the settlement planner can accurately determine the future damages they will require for their medical needs. For example, for clients that require an LMSA, the more information gathered during the pretrial phase, the better protected the client will be for future medical expenses.
When personal injury lawyers are organized during the pretrial stages, this allows the settlement planner the opportunity to maximize the settlement offer. If you are interested in learning how settlement planners increase the value of a settlement, please read the second part of this article.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.