Typically a settlement you receive that is meant to reimburse you for out of pocket expenses incurred by your injury is not taxable. However, there are some exceptions to this rule. If you are concerned about whether or not your settlement will be taxable, you should discuss your situation with a tax professional.
Personal Injury FAQs
What to Expect from the Legal Process
Suffering an unexpected injury is always incredibly difficult for those involved. If your injury was caused by the negligent actions of another person, business, or entity, you may be feeling especially overwhelmed and unsure of your options. Many people are not sure if they even have a case and, if they do, how to proceed.
We invite you to browse some frequently asked questions about personal injury to learn more and find the answers you need. While these answers can provide you with valuable insight, every case is unique. Discuss your situation further when you contact our US Virgin Islands personal injury attorney for a case evaluation.
Call the Law Offices of Ryan W. Greene at (844) 217-2415 or reach out to us online today.
-
I was injured in an accident—do I have a personal injury case?A.
The single most important factor in determining whether or not you have a personal injury case is determining liability. If you were involved in an accident or injured, you must first determine if the accident or injury occurred as a result of negligence. Negligence is a broad legal term that can encompass everything from distracted driving to medical malpractice. Negligence can include any action or inaction that is careless, reckless, or intentional. If you were injured by a defective product, such as a prescription drug or vehicle, you may have a case under “strict liability.” If you believe that another person or party is at fault, you may have a personal injury case. It’s always a good idea to discuss your specific situation with a knowledgeable personal injury attorney in the US Virgin Islands who can provide you with honest insight and sound legal counsel.
-
Who is responsible for my injuries in a commercial vehicle accident?A.
In contrast to other types of motor vehicle accidents, those involving commercial vehicles tend to be very complex. Depending on the circumstances involved in your unique situation, any number of parties may be liable. These parties can include the driver of the commercial vehicle, the company that owns or leases the commercial vehicle, the manufacturer of the commercial vehicle, and/or others.
-
How much is my case worth?A.
While many people want to know how much their case is worth, it is unfortunately impossible to give an accurate estimate of how much you can expect to recover in a given claim. There are numerous factors involved, including the extent of your injuries, the number of liable parties, the cost of your medical treatment, property damages, and more. At the Law Offices of Ryan W. Greene, we have successfully negotiated fair recoveries for our clients. We are committed to helping you secure the full amount that you are owed for your injuries.
-
Will I have to go to court?A.
Not necessarily. In fact, our firm has successfully negotiated just settlements for countless clients without ever having to go to trial. That being said, if the opposing insurance company refuses to settle or offers a low-ball settlement, we are fully prepared to take your case to trial. In every instance, you can rely on our US Virgin Islands personal injury attorney to act as your advocate and guide throughout the legal process.
-
How long will it take to resolve my case?A.
It's impossible for us to give you a definite time-frame without knowing the details of your case. Oftentimes straightforward cases can be resolved or settled within several months, but more complex cases or cases which are being heavily contested will often require significantly more time (sometimes several years). If you contact our firm to discuss the details of your case, we can provide you with a more accurate estimate.
-
If I am unhappy with my current injury lawyer, can I switch attorneys?A.
In most cases if you are unhappy with your personal injury lawyer, you have the right to terminate your relationship with them and hire a new lawyer. However, it is important that you ensure you did not sign a legal contract obligating you to retain their services.
-
Is my personal injury settlement taxable?A.
