Legal Question in Workers Comp in California
Compromise & Release
I have received a permanent disability rating determination letter, relating to an injury that occured in May 2002. The rating of 39% of total disabiity entitles me to weekly checks for 189 weeks for a total of $32,130. However in the notification letter an option of Compromise & Release is offered if I waive future medical for this injury. The settlement would be larger and distributed in a lump sum. Since I am 1 year from retiring, my inclination is to take the lump sum option and waive future medical. Also, when I was out of work on temporary disability, I had to incur debt to maintain my family's lifestyle, so the lump sum choice would make my retirement a reality. But I need to know is there a tax consequence for taking this choice?
1 Answer from Attorneys
Re: Compromise & Release
If the injury is that serious, legal representation is needed. Any competent worker's compensation attorney will earn his 9% - 12% contingency fee. Call me directly at (619) 222-3504.
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