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Hi all, I have been on comp since 2002, permanently disabled and 48 years old. I am agreeing to a settlement offer of 251k lump sum and 192k msa annuity over 30 years. I am happy to get out of this miserable system but am not so sure if I am doing the right thing. I get $400 a week if I stay on comp til I die and if I live to a normal life expectancy and thats if, I will be leaving a lot of money on the table. My attorney swears she can not get a better offer as of now. If I could get some of your thoughts, I would appreciate them. Thanks
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Laws are different in different states. In what state is your claim?
Timothy D. Belt
DISCLAIMER: This post is intended as general information applicable only to the state of Pennsylvania. The answer given is based only on the facts provided. This post is not intended to create an attorney client relationship, or to provide any specific guarantee of confidentiality.
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(08-31-2016, 10:17 AM)Timothy Belt Wrote: Laws are different in different states. In what state is your claim?
New York
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08-31-2016, 12:16 PM
(This post was last modified: 08-31-2016, 12:21 PM by 1171.)
Your injury could leave you with health issues that lessen your life expectancy.
You can check out the value by getting a quote for a structured settlement.
Have you had reasons not to trust your atty before this?
How did you figure you are "leaving $$ on the table"?
Reminder :
........Each state has their own comp system; POST YOUR STATE to get accurate information. Use the search feature to find information from similar questions.
THANKS FOR POSTING.
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(08-31-2016, 12:16 PM)1171 Wrote: Your injury could leave you with health issues that lessen your life expectancy.
You can check out the value by getting a quote for a structured settlement.
Have you had reasons not to trust your atty before this?
How did you figure you are "leaving $$ on the tabl
My attorney has been fair and honest with me. I am just nervous on if I am making the right decision. I hate dealing with comp so that part of it is what is also playing a major factor in taking the settlement
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08-31-2016, 01:55 PM
(This post was last modified: 08-31-2016, 01:59 PM by 1171.)
yup. only you can balance the extent of your "hate-to-dea-with-them-for-the-rest-of-my-life" with the "rest-of-life-weekly $$;
some peoples hate is worth more to them then others.
if you are familiar with Present Value calculations, you can calculate the value of todays $$ versus tomorrows $$ (spreadsheets have such builtin calculations).
a dollar today in a settlement is worth more then a dollar in the future-- you have to factor interested earned/lost.
http://www.settlementevaluator.com/
http://tcalc.timevalue.com/all-financial...lator.aspx
Reminder :
........Each state has their own comp system; POST YOUR STATE to get accurate information. Use the search feature to find information from similar questions.
THANKS FOR POSTING.
