Legal Question in Personal Injury in Maryland
Structured Settlements & trusting your lawyer
Our daughter lost her eye in an accident during a school function in a county park. We are trying to get moneies from the boy's parents for home-owners insurance and are trying to sue the school/teacher. The teacher showed up after the injury occured and was 2 and 1/2 hours late for the session.
The home-owners insurance has just offered us a structured settlement package with an in-house annuity in a single fund. Everything I've read says don't take an in-house annuity yet alone a single fund if over $100,000. Is this true?
1 Answer from Attorneys
Re: Structured Settlements & trusting your lawyer
If you have an attorney you should consult immediately with him/her. This is offered for information only and not as legal advice. Risks include: are all eggs in one basket; an underfinanced basket (what Best or other rating does carrier have); release law (by accepting the homeowner's policy do you give up rights against school) and fairness of dollars offered given your probability of success in court.
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