Workers’ Compensation and Estate Planning

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Workers’ Compensation and Estate Planning

On the surface, many injured workers do not see the tie between workers’ compensation and estate planning.  The majority of compensable workers’ compensation claims will eventually result in a settlement.  People oftentimes would prefer to take control of their own medical care, which is not permitted if the claim remains open and not ‘settled.’  If the claim is “settled,” they can seek medical treatment with their own provider and be done with the hassles of dealing with workers’ compensation insurance companies. However, there are some special situations that requires very careful planning when considering a workers’ compensation settlement.

Georgia Workers’ Compensation Attorney

Typical workers’ compensation settlements do not result in a settlement that would require any financial planning.  However, in the event that somebody is catastrophically injured, a settlement can be significant.  In those cases, an an annuity or a Medicare set-aside trust may be part of the settlement package.   Further, workers’ compensation death claims and benefits to survivors can continue on for many years.  In the case of a catastrophic injury, an injured worker is entitled to medical treatment and weekly benefits, presumably for life.  In the case of paralysis or severe brain trauma, this can be millions of dollars in future medical care at a minimum.

Estate Planning for Workers’ Compensation Settlements

That is when estate planning becomes a concern. If an injured worker dies during the pendency of the claim, the claim does not “live on.”

There are no benefits that continue after that. Therefore, some injured workers also choose settlement as a way to protect their loved ones’ futures.  An estate planning attorney workers compensation and estate planningcan help an injured worker, structure a settlement, and possibly invest settlement money to protect him or herself as well as the client’s loved ones.  It is important to understand this connection between workers’ compensation and estate planning.  Contact a Georgia workers’ compensation attorney to maximize your claim value and use an estate planning attorney to help you with your claim settlement.

Georgia Workers’ Compensation Information

Read this page on What to Know About Workers’ Compensation Attorney Settlements 

Read this post on How to Value Your Claim  

Read this page on Top 10 Injured Workers Mistakes 

Read this page on Top 10 Insurance Adjuster Tactics

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See What People Are Saying

Would have given her 10 stars if possible!

Highly recommend Beth for WC claims! I was ALWAYS able to talk to her when I called and she responded to my emails very quickly. She was able to get us a very fair amount and did not just tell us what we wanted to hear, she was very honest! Would have given her 10 stars if possible!

B. Atwater

5.0
2018-05-16T13:29:37+00:00

B. Atwater

Highly recommend Beth for WC claims! I was ALWAYS able to talk to her when I called and she responded to my emails very quickly. She was able to get us a very fair amount and did not just tell us what we wanted to hear, she was very honest! Would have given her 10 stars if possible!

I would highly recommend Beth to anyone needed a Workers Compensation Lawyer.

From the moment I called Beth, I knew I had made the right decision. She returned my initial phone call very promptly and was sensitive to my case and situation. I had an injury in Georgia, but live in New York so the case was complicated and unique. I found her to be extremely knowledgeable about Georgia Workers Compensation laws which is what I needed assistance with. I would highly recommend Beth to anyone needed a Workers Compensation Lawyer.

Client Testimonial

5.0
2018-05-16T13:40:08+00:00

Client Testimonial

From the moment I called Beth, I knew I had made the right decision. She returned my initial phone call very promptly and was sensitive to my case and situation. I had an injury in Georgia, but live in New York so the case was complicated and unique. I found her to be extremely knowledgeable about Georgia Workers Compensation laws which is what I needed assistance with. I would highly recommend Beth to anyone needed a Workers Compensation Lawyer.

It turned out to be the best decision I have made in a long, long time.

I got injured at work. Trying to deal with the insurance company became overwhelming mainly because I needed surgery and they would not respond to my calls or emails. I researched local attorneys and decided to choose Gearhart Law Group mainly because it was smaller, I liked the information I read and I felt I might get more individual attention. It turned out to be the best decision I have made in a long, long time. Beth Gearhart made me feel as though I were her only client. She responded to my emails immediately, every time. She explained the whole process from the beginning and everything unfolded exactly as she explained it would. The process took time but I received the surgery I needed and in the end was very surprised by the large financial settlement I received due to Ms. Gearhart’s expertise. I highly recommend Gearhart Law Group.

R. Draine

5.0
2018-05-16T13:27:43+00:00

R. Draine

I got injured at work. Trying to deal with the insurance company became overwhelming mainly because I needed surgery and they would not respond to my calls or emails. I researched local attorneys and decided to choose Gearhart Law Group mainly because it was smaller, I liked the information I read and I felt I might get more individual attention. It turned out to be the best decision I have made in a long, long time. Beth Gearhart made me feel as though I were her only client. She responded to my emails immediately, every time. She explained the whole process from the beginning and everything unfolded exactly as she explained it would. The process took time but I received the surgery I needed and in the end was very surprised by the large financial settlement I received due to Ms. Gearhart’s expertise. I highly recommend Gearhart Law Group.

Gearhart Law Group the best in GA hands down!!!

Words can’t express how thankful I am for such a superb team! From the very beginning Beth waisted no time, she executed every step of the way. I never had to worry. Gearhart Law Group made me feel like I was there most important priority and not another file you just throw away on the desk. From finding doctors and getting the best treatment possible Khristy, your a trooper thank you so much. Gearhart Law Group the best in GA hands down!!!

D. Evans

5.0
2018-05-16T13:40:58+00:00

D. Evans

Words can’t express how thankful I am for such a superb team! From the very beginning Beth waisted no time, she executed every step of the way. I never had to worry. Gearhart Law Group made me feel like I was there most important priority and not another file you just throw away on the desk. From finding doctors and getting the best treatment possible Khristy, your a trooper thank you so much. Gearhart Law Group the best in GA hands down!!!
5.0
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By |2018-07-20T17:08:05+00:00February 1st, 2018|Atlanta workers comp attorney, Atlanta workers' comp lawyer, Blog, Georgia workers comp attorney|Comments Off on Workers’ Compensation and Estate Planning