Once your case settles, the other side will mail us some legal papers
for you and your spouse (if any) to sign. When we receive them, we
will analyze them and (if they are O.K.) we will call you and your
spouse into the office to sign the other side's legal papers. (If you
were married on the day of the accident, the other side will not write
a check to you without putting your spouse's name on the check.) Then,
we will send the signed legal papers back to the other side. When the
other side receives the signed legal papers back, they will mail us a
settlement check which will be made payable to you, your spouse and to
us (for the total amount you agreed to settle for). When we receive
the settlement check from the other side, we will call you and your
spouse back into the office again to sign ("endorse") the settlement
check and to review and sign a detailed ("closing") statement that
shows who will receive settlement money and how much. Then, we will
deposit the settlement check into a special bank account that is
regulated and overseen by a government agency. When the settlement
check "clears" (when the insurance company's bank actually transfers
the settlement money into the special, government-supervised bank
account), then (you and everyone else to whom you owe money) gets paid
according to the detailed ("closing") statement that (by then) you will
have reviewed, approved and signed. This means that it takes two to
four weeks after your case is settled (sometimes longer) to
actually receive your share (your "profit") of the settlement funds.
Similar rules apply to jury awards (unless there is an appeal). We
will provide you a free copy of all financial papers (including a
statement showing you where every penny of settlement money went), all
settlement papers, all the checks we received from others and all the
checks we wrote to others from settlement funds. Of course, you will
also receive your share of the settlement money which is the share left
over after attorney fees and legal costs are paid as well as payment of
any remaining unpaid medical bills.
For more information on Orlando Auto Accidents contact Hanson &
Hanson, P.A. today at 1-800-426-7662 to schedule your free initial
consultation. More information about Orlando Auto Accidents can be
found in the practice areas section of our website.
