Are you receiving a wrongful death insurance settlement, or thinking of filing a wrongful death claim? Often, survivors wonder if they must pay taxes on a wrongful death insurance settlement. The answer is “sometimes,” but it depends on your particular case.
Reasons Why You May Be Concerned
Taxes can be higher on larger payouts, so you want to ensure that your costs are covered. Often high hospital and medical bills can accumulate before the death of a loved one. Plus, if the wrongful death was the fault of another person or company, you want them paying a fair amount. A lawyer can help make sure that the final total you receive is exactly what you require to pay outstanding bills.
No parent EVER wants to deal with the death of a child. But if your child is killed in an accident, there are financial burdens associated with the death.
Hospital care and medical bills can be exorbitant, and after a child passes away there are funeral expenses—and potential legal expenses as you seek to determine fault. Though the thought of financial reimbursement may make you feel uncomfortable, the impact of a child’s death on a family can cause undue hardship. Don’t ever be afraid to seek out justice for your loved ones.
- Brain Injury
- Car Accidents
- Construction Accidents
- Medical Malpractice
- Motorcycle Accidents
- Personal Injury
- Product Liability
- Wrongful Death
Have you or a loved one been injured due to someone’s
negligence and want to seek compensation?
For over 20 years, John has exclusively represented people (not corporations).
John has received the America’s Top 100 Attorneys Lifetime Achievement Award.
Since the year 2000, John has been a Board Certified Civil Lawyer.
John is a graduate and senior instructor at the Trial Lawyers College.