- Breach of contract
- Lost profit
- Back pay
- Punitive damage
- Copyright infringement
What Do I Do After I Win A Settlement Check? There are two different types of settlements following a lawsuit: a structured settlement or a lump sum. They are pretty self-explanatory, but the lump sum is where you would receive all of your monetary settlement from law offices in Las Vegas in one hit. Structured settlements are regular monetary payments made to you over time as agreed by your personal injury attorney in Las Vegas. Whichever way you choose to accept your settlement, you will have some big decisions to make. What you do with the settlement check will likely depend on the type of settlement, the amount that you receive, and what’s going on in your life at this moment in time. Now that you have received your settlement, and your case is finally over, it’s likely you’re feeling that mix of relief and anxiety about what to do next and wondering what happens after the settlement. You’re thinking “I won a settlement now what?” Well, the biggest thing that you need to consider now is how to ensure that you don’t blow your big settlement check within the next few months. It can happen to a lot of people when they settle, and you want to avoid this outcome for your settlement. What To Do With Settlement Money What do I do with a large settlement check? Let’s take a look at a few of the things that you could do with your settlement money. If you are worried about what to do, ask the experts at Ed Bernstein & Associates, your Las Vegas accident lawyers. We’ll be more than happy to assist! Start With Taxes When dealing with a large sum of money you need to understand how much you are going to be taxed. It’s the first thing to think about when it comes to settlement money management. It’s the best thing to do when you have a large settlement check, especially as most settlements will be subject to income taxes. There are exceptions to this, as personal injury payments are usually excluded. The settlement that you get can be subjected to income tax demands if the claim included: