Receiving settlement in Medford personal injury cases is the most common method of recovering compensation following an accident in Medford, New Jersey. Settlement guarantees that the victim in a personal injury lawsuit will receive compensation for physical injuries or property damage. No matter how strong a case may seem, a trial can always result in an unexpected and unwanted verdict.
Most personal injury cases in New Jersey are settled outside the courtroom, usually, because trials are long, expensive ordeals where the outcome is uncertain. Settlements guarantee that a victim will receive compensation, even if it is slightly less than a preferred result may be at trial.
To ensure you receive a positive outcome from your personal injury settlement, contact our law offices and speak to one of our experienced personal injury attorneys today.
With any personal injury case, there will likely be both economic and non-economic damages. Economic damages are those that are generally easy to quantify, including medical bills, damage to property, lost wages, and other bills or economic losses such as:
• Hospital costs, including ambulance rides and any required surgical procedures
• Follow-up visits with medical professionals
• Long-term treatment and rehabilitation
• Prescription drugs
• Property damage (e.g. car repairs)
• Lost wages and future earnings
Non-economic damages are those associated with pain and suffering and the often unquantifiable emotional, social, and/or romantic damages that may occur because of an accident, including:
• Lasting lifestyle changes necessitated by injury
• Permanent scarring or disfigurement
• Emotional trauma
• Lasting relationship effects (e.g. loss of consortium)
Non-economic damages can also include punitive damages, but these do not come into play in most personal injury cases. These types of damages may play a significant role when receiving settlement in Medford personal injury cases.
It is important to bear in mind that the value of a settlement varies. This is because the calculated number represents the best-hoped outcome from a trial, whereas settlements typically reflect a reasonable outcome when factoring in the uncertainty of a trial, the possibility that a compensation award may be reduced or denied by a jury, and other such challenges that could be avoided by settling the case.
Negotiating a settlement can take time and can be a frustrating process. All parties will be working in their own best interest—which unfortunately means that the party responsible for the accident will usually work tirelessly to reduce their financial burden. A qualified personal injury attorney in Medford could passionately represent your best interests in settlement negotiations and work to ensure you recover the maximum possible amount given the circumstances. Set up a consultation today for more information about receiving settlement in Medford personal injury cases.
After negotiations have ended and all parties involved have agreed on a settlement, there are many procedural steps that still need to occur. One important consideration at this stage is determining the total taxable amount of the settlement.
Typically, damages received for physical injuries are not taxable, but a plaintiff may be responsible for paying taxes on other portions of the funds. An experienced lawyer may be able to help their client better understanding potential tax liability. In most cases, settlement checks are sent to the victim’s attorney, who then manages the final disbursement of the funds.
If you or a loved one suffers a personal injury, an experienced personal injury lawyer can assist in managing the case and working to ensure you receive a settlement that meets all of your financial needs. Make a proactive choice for your personal injury settlement and your future, and contact our law offices today. An attorney may be able to guide you through the legal process of receiving settlement in Medford personal injury cases.
This team is incredible. They are friendly and knowledgeable. I appreciate everything they have done for me and would recommend them to anyone. Overall great experience
My case settled recently after lasting 4 years. Grungo and Colarulo’s law firm were able to secure a large settlement award for my slip and fall accident. This money will help secure my future for the permanent injury I received as a result of the slip and fall. Everyone was very caring, and kept me informed throughout the entire process. Christine Lafferty is an excellent litigation lawyer. I highly recommend using them if you have been injured or in an accident. I hope I am never in a situation again to need their services, but I know who to go to if I, or any of my family members are ever injured. Thanks Grungo and Colarulo and staff for your compassionate service!
Thank you so much Grungo and Colarulo for helping me with my case. Special thanks to Erica Domingo, Esquire and her team. Erica Domingo and her team was very nice and helped me tremendously throughout my case like more than one year and half. They gave me the right advice and guided me through every step of my case. They gave me prompt and clear responses to all my questions. In addition, Erica and her team provided me with all the what if scenarios so that I can have a clear vison of the steps ahead.
I would definitely recommend Grungo and Colarulo.
Thanks again Erica Domingo, Esquire and her team
My wife and I reached out to Grungo Colarulo in 2020 for advise on a legal matter. After a meeting with the Attorney and Paralegal, we decided to go forward with a case. This case required a lot of documentation, and expert review of the documentation which was aquired. Throughout the process, we were kept up to date monthly, and Grungo Colarulo was always responsive to any questions that we had. The entire staff at Grungo Colarulo are very professional, caring, and willing to go the extra mile. This firm is a definite recommend!
I left five (5) stars only because that’s as many as I could leave. If I could, I would have left 100 stars. Bob & Christine are the absolute best! My settlement far exceeded what I ever imagined. They are professional, friendly, and really listened to what I had to say. They kept me up to date with the progress of my case every step of the way. I can’t recommend them highly enough.
Very professional, communicates well, makes me feel like they have my best interest at heart, and overall just a great company. Christine and the whole team has been on top of everything. Would definitely recommend!! 10/10
First and foremost I would like to thank the whole team at Grungo Colarulo!! In addition to that, Stephanie & Riley & Drenna have done such an outstanding job taking care of me in such a difficult and low point of my life. I was in a bad car accident & did not know how to move forward with what to do and how to process. Those ladies were there every step, every inch, every mile & beyond with helping me when I had no idea how to navigate. I will forever be thankful for them and for the outcome of my case! If you ever need assistance I highly recommend this practice!!! Beyond professional, helpful, precise, caring, knowledgeable & humble!!!
From my first phone call to the end of my case this firm was on the ball!! Always responsive and professional and kept me up to date and informed. This is my firm for any future needs!
This was my first time ever having to have a lawyer for an automobile accident. From the beginning they took care of everything. They put me at ease so I could concentrate on my medical needs. Everyone I spoke to during the process were always extremely pleasant and knowledgeable.
Thank you to Grungo Colarulo for representing me and getting the settlement you did to help me move forward. I would highly recommend Grungo Colarulo to anyone who wants outstanding legal representation.
This team has been nothing but gentle an generous. Being as this was my first time dealing with a worker’s compensation case I was lost and nervous. But the Grungo Colarulo team has made me feel as comfortable as possible. My needs were addressed with care in a timely fashion. I knew what was going on every step of the way.
Oh, did I mention, WE WON …
This teams knowledge of the industry is TOP NOTCH!
A dear family friend referred us to a young attorney named Rich Grungo, Jr. We wanted answers and if necessary, justice for our father. From day one of a five-year journey, Mr. Rich Grungo, Jr. made our family and our pain his own. The man never stopped working for us. He kept us informed every step of the way. Questions were answered quickly and with great compassion and expertise. Even though Rich was always busy, he was never too busy for us. We always felt like we were his only clients
I had the opportunity to observe Mr. Grungo work in this case, both in the courtroom on the technical matters of the motions and also as his presentation to the jury in opening and presenting witnesses as well as utilizing animations… and drawings and films that were necessary for a proper understanding of the case…At all times during the presentation, Mr. Grungo operated mostly without notes and questioned the witnesses in a conversational manner which made it most effective. **
Thank you for everything. I honestly felt like you treated my son like he was your own son, for that I am grateful. I would recommend your services to anyone. Thanks for being so awesome to both of us.
It was a pleasure working with Bill. He constantly kept me informed. I would recommend Bill and his firm to anybody I know. They’ll be in good hands.
I had the opportunity to retain Mr. Colarulo for a vehicle accident I encountered. I give him my highest recommendation for anyone in need of an excellent Personal Injury Attorney. Not only does he have an in depth knowledge of the legal field, but he emanates a sense of trust-worthiness that makes you feel secure during the entire process. Mr. Colarulo has the knowledge, drive and enthusiasm that will get the job done for you. He comes highly recommended.
Hi Rich, Well I’m on my way up to college to finish packing my son’s stuff up and to go to his Graduation tomorrow. It’s hard to believe how fast and how slow, at the same time 5 years can go by. I was just thinking of you as I am getting ready to leave and wanted to thank you once again for everything you have done for my son’s future. You are a good and just man. God Bless to you and your family.