How Much Of A 25k Settlement Will I Get?
how much of a 25k settlement will i get
Receiving a settlement offer of $25,000 doesn't mean you'll get the full amount. Various deductions can significantly reduce your net payout.
Common Deductions from Settlements
Several factors determine your final amount:
- Attorney fees: Typically 33-40% of the settlement.
- Medical liens: Reimbursement for medical expenses.
- Court costs and other expenses.
Example Calculation
If your attorney charges 33% and there are $5,000 in medical liens, your calculation might be: $25,000 - $8,250 (attorney fees) - $5,000 (liens) = $11,750 net. Always review your agreement carefully.
Consult with your attorney to understand all potential deductions. Each case is unique, so actual amounts vary based on individual circumstances.