A serious injury can leave you worried about more than immediate medical bills. You may face years of treatment, reduced income and ongoing expenses that affect your entire family. Even after you receive a personal injury settlement, managing that money can be challenging. Our firm in Charleston, West Virginia, helps you prepare for these long-term financial needs.
How do we calculate your future financial losses?
Your current medical bills and lost wages may not reflect the full financial impact of your injury. We may hire economists to estimate losses you could face in the years ahead, including:
- Future lost earnings if you cannot return to your previous job
- Reduced earning capacity if your injuries limit your ability to work
- Rising living expenses due to inflation
These estimates can help us document the financial impact of your injury and pursue compensation that reflects your long-term needs.
How can trusts and financial planning help?
Receiving a large settlement can affect your finances and eligibility for certain government benefits. Depending on your circumstances, we may help establish a special needs trust managed by a trustee. This arrangement may help protect your eligibility for Medicaid or Supplemental Security Income (SSI) while using settlement funds to meet certain needs.
Even after you receive your settlement, we can continue helping you plan for the future. We may coordinate with financial planners to explore ways to manage your award and cover ongoing medical care, household expenses and other long-term needs.
Our support continues beyond your settlement
Your financial needs do not necessarily end when your personal injury case closes. Major decisions, such as purchasing a home or budgeting for future care, may require additional planning.
Whether you need help exploring a trust, coordinating with financial professionals or planning a major purchase, we work to connect you with resources suited to your circumstances. Our goal is to help you manage your compensation and support your family’s financial future.