A dear family member was injured catastrophically and now needs 24/7 attention. This means homebound nursing care, errands, feeding, dressing, transport, cleaning, and hygiene. It also means more money than medical insurance will provide. If the incapacity was the fault of another, monies owed must wait on the sluggish legal process before they are awarded.
The scope of services is wide, and their delivery constant. They can include regular catheter care; overnight stays for those in need of round-the-clock supervision; consistent monitoring of vital signs; basic positioning of the patient in bed; tracheotomy and vent care; meal preparation and service; transporting the patient to appointments and social functions; personal care like bathing and dressing; and assisting with exercise and rehabilitation.
In most cases, the amount of reward is so high–a given since it will most often pay care expenses for life–that the plaintiff and defendant legal teams consume many months of giving and take before a final settlement is agreed upon. Because of this hard reality, many turn to pre-settlement funding.
Pre-settlement funding works like this: a legal finance company forwards funds to the injured party based on the proposed settlement figure. With cash in hand, families can arrange for the necessary medical and practical services, including modifications to their homes and vehicles, that enable their loved ones to function and live to the best of their ability. Such improvements allow for mechanical lifts and gait belts; stair lifts; expansion of corridor space; the installment of ramps inside and out; and bathroom rails and grips. When the settlement is finally resolved, the recipients then pay back the finance company from the actual financial award.
TRANSPARENCY: At the outset of this process, the plaintiff’s attorney consults with physicians and other therapeutic professionals regarding what sort of accommodations the injured party will need and what the estimated cost will be for initial expenses. A pre-settlement funding company–the Legal Funding Group, for example–subsequently provides the plaintiff and his or her family with a lucid summary of costs related to procuring the monetary advance. Transparency must be paramount because the family has enough to worry about without any ugly surprises when the remittance is due.
The advance can be approved within 24 hours of request (made online or over the phone) and verification (with the attorney). Once authorized, funds can be delivered in the form of a check via overnight courier or wired directly into the recipient’s bank account.
Should the eventual settlement fall short of what the plaintiff receives from the Legal Funding Group, the injured party and family are not obligated to repay the difference. A repayment schedule is included with the loan documents so borrowers know well ahead of time the amounts due and payment dates expected.
It is hard to maintain a fight for financial justice in court while a loved one is in need of serious and sustained care immediately. Contact The Legal Funding Group to learn how you can get pre-settlement funding for your lawsuit.