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Michigan Lump-Sum Payout Attorneys

Compensation following an on-the-job injury may either come in the form of steady and predictable small payouts, like a weekly or monthly paycheck, or in other cases you may receive a single lump-sum payout.

At the law offices of Bredell & Bredell in Jackson and Ypsilanti, we can work closely with you to identify your needs, establish your options and help you make the right decision for you. Our attorneys have been working with injured clients for more than 30 years, and we will take the time to guide you to the right compensation decisions to address your needs.

Michigan Lump-Sum Payout Lawyer

Choosing between long-term payouts and an immediate lump-sum payout often has as much to do with the kinds of debts you face as it does a personal choice. Every individual and family faces different challenges and different financial needs. As your representative in the process, our attorneys work to craft a plan that is custom suited to match your situation.

For example:

  • If you are facing monstrous medical bills and significant debt that needs to be handled as quickly as possible, then you may find that a lump-sum payout for your workers’ compensation benefits or civil litigation settlement is ideal to match your need.
  • If you will be relying on your benefits to help sustain yourself and your family over the foreseeable future so that you can pay monthly expenses, then having a dependable long-term source of income can be the right decision.

It is important to note that a lump-sum payout can end up being less than a long-term disbursement option, but there are situations where the convenience and flexibility of that payout offsets any losses. Before you decide, talk to someone who can put all the options on the table for you and review your needs.

Contact Our Workers Compensation Office For Clear And Effective Advice

Our attorneys know that advising clients is as much a part of our job as fighting in a courtroom. When you are facing tough decisions, go into your choice informed and confident. Call 734-482-5000 or contact our office online to schedule a free initial consultation to review your case.