How will a settlement be divided in a pedestrian accident case?

In North Carolina, a settlement from a pedestrian accident case will be divided according to the amount of financial losses incurred by the victim and any other persons affected by the accident. The financial losses may include medical bills, lost wages, and other out-of-pocket expenses related to the accident. Additionally, the plaintiff may be entitled to compensation for non-economic losses, such as emotional trauma, pain and suffering, disfigurement, or loss of enjoyment of life. The court may order the defendant to pay the full amount of the plaintiff’s damages, or the plaintiff may accept a settlement offer from the defendant or their insurance company. When a settlement is reached, the money is divided between the plaintiff and their lawyer based on an agreed-upon percentage. After the lawyers fees are paid, the remaining settlement amount is given to the plaintiff. In some cases, the settlement will also include a lump sum payment for future medical costs and lost wages that the plaintiff will incur due to the accident. The plaintiff is not required to pay taxes on a settlement, unless the case involved punitive damages. However, the plaintiff should consult with a lawyer or accountant to ensure that they receive the full financial benefit of any settlement.

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How will a settlement be divided in a pedestrian accident case?

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