3 Things to Know about Financial Compensation
When a person takes the acne medication Accutane, he or she may develop of variety of serious complications that can permanently affect the individual’s health. To cover the costs associated with these injuries, an injured patient may want to consider pursuing legal action against the drug manufacturer at fault. If the patient is successful in their claim, they may win financial compensation to cover their medical bills and other related expenses.
Drug liability lawsuits can provide injured consumers with much-needed compensation for their medical bills and other expenses. For more information regarding your options if you have suffered because of Accutane, contact a knowledgeable Accutane attorney of Williams Kherkher today at 800-761-3187.
Three Facts about Compensation
If you are interested in fighting for compensation for your Accutane injuries, the following are three important facts to know about this financial restitution.
#1: Compensation Usually Isn’t Taxed
When a person wins a compensation claim for a drug liability case, they generally do not need to pay taxes on that income. After all, that income is seen as compensation for expenses already paid. However, certain forms of compensation, such as punitive fees or compensation interest, may be taxed by the government.
#2: Compensation May be Lump Sum or Structured Settlement
Depending on the circumstances of the case, a person may receive either a single lump sum payment or secure their compensation through a structured settlement. These structured settlements provide a claimant with compensation over a set period of time through regular payment amounts.
#3: Structured Settlements Can Be Transferred
If a defendant wants to clear the obligation of a settlement from their finances, they may pay a third-party group to take care of these payments. If the claimant agrees, a third party will assume legal responsibility for the payments, although the defendant will still pay the third party for the compensation amount. This simply reassigns who will be paying the claimant directly.
Contact Us
If you have questions or concerns regarding your options as an injured user of Accutane, our experienced advisors may be able to help. To learn more, contact an Accutane lawyer of Williams Kherkher by calling 800-761-3187 today.
