Q: The case settle and signed all documents and notarized, how long will I get my settlement payments?
It’s been over 2 months and other party already offer the amount and my Lawyer and I agreed the amount offer, but till now my Lawyer said he haven’t received the payments! Why, it’ takes too long to receive my money and I think my Lawyer keeping my money for some reason! Please let me know and thank you very much for your help!
A: A Nevada attorney could advise best, but your question remains open for two weeks. It could be fairly quickly (in the order of weeks, or sooner) if your attorney submits paperwork promptly and the insurance carrier acts promptly. With COVID, some claims officers are working remotely, so there could be slight delays with that. If there are liens in dispute, that could result in delays - but those things are often resolved by the time releases are signed. Good luck
Typical turn around times are two - four weeks. However, there are factors which can cause delays. If medical liens exist with medicare or medicaid and your attorney is requesting reductions on the amount you are required to pay back, the same can take weeks. Further, if your claim was in litigation a voluntary dismissal of the claim will need to be filed with the courts. Finally, if there were other parties involved in the accident who were injured and not at fault, the opposing insurance company may not resolve or pay out on your claim until all of the parties have agreed to settle.
To ensure your attorney is not withholding funds, ask for a copy of recent correspondence between your counsel and the insurance company or defense attorney. Has the attorney inquired as to the delay? Has your attorney already provided the opposing party with a copy of the signed release? Does your attorney have the funds in trust pending reduction requests? I strongly suggest you make a 15 minute appointment with your attorney to receive answers to these questions. Most attorneys are trustworthy and sometimes a quick meeting or phone call to catch a client up to speed on a claim will resolve any concerns. Hope this helps!
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