Don’t Sign It! – Settlement Release
Judging by the headline, you may be thinking, “What? But I want my money!” I’m here to tell you, the individual or family signing a settlement release, to have an attorney review the settlement release before you sign. The best illustration I can give you is a recent client who contact my firm to pursue an action against a defendant after he signed the settlement release. Typically, you can’t go after a defendant once the release is signed. However, like many insurance companies, this insurance company rushed the client to settlement and did not inform him that he would be responsible to repay his health insurance company back for all the medical bills it paid out. In fact, this put him in a position where he would have to pay close to 3 times the settlement value back to his health insurance company. The defendant’s insurance company provided him with an attractive settlement that put a significant amount of money into his pocket, but didn’t tell him what he would owe to health insurance, so now he pockets nothing. If you are settling without the representation of an attorney, at the very least pay an attorney to review the settlement release and advise you on what you are signing and any possible ramifications from signing the release. If you every have any questions regarding settlement releases, please feel free to contact The Nashville Law Firm at 615-844-4034 or visit us on the web at www.thenashvillelawfirm.com .