$380,000

Additional Notes

Assisted in obtaining “cosmetic” medical care not covered by client’s insurance, the result of which will ensure that she won’t have residual scarring, and resolved the claim with the insurer of the dog owner via a “structured settlement”; wherein all medical bills are paid, the client will receive payouts ranging from 45k to 100k, at certain ages, totaling $380,000.00, and set up a 25k “medical fund” to pay for any future additional medical treatment she elects to receive, the balance of which becomes hers when she turns 18. And resolved the matter without litigation (no suit against client’s aunt, or her dog lol). By properly planning and setting up a structured settlement (in this case an annuity), the possibility that her family mismanages or misappropriates her money is negated. She, nor her family has to worry about investing the proceeds, as the payment plan is guaranteed. And her family need not be concerned about the client doing something immature with her settlement at age 18. Instead, they know she will receive specific amounts of money at specific ages. For example, she is going to receive 75k at age 25. The logic is that at that age she will likely be interested in purchasing a home. The process of setting up a structured settlement can be difficult, and there is no direct benefit to the attorney in doing the same. We do it because it is such a dramatic benefit to the client.