Medical malpractices have become a serious problem in this day and age. The likelihood of a medical malpractice is far greater today than in the past. If you or someone in your family has been a victim of the negligence of a healthcare provider, you can sue the particular doctor or healthcare provider for medical malpractice.
This is where you need the services of a reputed and experienced medical malpractice attorney in the area. The lawyer will advise you on your chances of settling the issue without a litigation process. This read offers information on the importance of selecting a reputed medical malpractice attorney in your area.
There are many things to consider when availing yourself for a medical malpractice claim. The patient must decide between a lump sum payment and structured settlement before anything else. This is where you need the services of an experienced malpractice lawyer to advise you on the best options you have.
There are times when you have to accept the lump sum payment instead of a structured settlement. In fact, you may find it difficult to compare a structured settlement to a lump sum payment at all times. It may feel like you are comparing apples to oranges at times. This is because current money has more value compared to future money.
There are many things that can affect future money such as inflation, and the overall state of the economy in the country. It is impossible to predict the inflation 100% accurately when comparing a lump sum payment with a structured settlement. But the standard level is to use a figure of 2.5%.
On the other hand, the likelihood of non-payment is also high where a structured payment is concerned. If you are dealing with a small to average insurance provider for these payments, the company could enter bankruptcy or stop paying the structured settlements in the future.
It may not happen most of the time since malpractice claims are handled by reputed insurance providers in the area. But you have to take these factors into consideration when deciding between a lump sum and structured settlement payments.
A reputed and experienced medical malpractice lawyer is the best person to help you decide between these two options. With so many lawyers functioning in the area, how will you select the best professional for the job? This is where you need to perform some research.
Check Google for the best medical malpractice attorney in the area. Check the websites of the listed service providers to see whether they are well-reputed in the area. Online review sites also play an important part in this regard.
In conclusion, selecting a medical malpractice attorney is not an easy task. There are many things to look for in this regard. The right lawyer will facilitate your decision of accepting a lump sum payment or a structured settlement for your case. This read offers information on the importance of selecting the best medical malpractice attorney.