Texas follows a modified comparative negligence rule, which means that you can still recover compensation for your injuries as long as you were less than 51% at fault for the accident. However, your compensation will be reduced by your percentage of fault. For example, if you were found to be 30% at fault and your damages were $100,000, you would be able to recover $70,000. An experienced Victoria personal injury lawyer can help you navigate this complex legal concept and fight to minimize any allegations of fault against you.
The timeline for resolving a personal injury lawsuit in Victoria can vary significantly depending on the complexity of the case, the severity of your injuries, and the willingness of the insurance company to settle. Some cases may be resolved in a matter of months, while others may take a year or more. Many personal injury cases are settled out of court through negotiations with the insurance company. However, if a fair settlement cannot be reached, your attorney may recommend filing a lawsuit and taking your case to trial. At The Edwards Law Firm, our skilled Victoria personal injury attorneys will work diligently to resolve your case as efficiently as possible while still fighting for the maximum compensation you deserve.
If the at-fault party in your Victoria accident is uninsured or underinsured, you may still have options for recovering compensation. If you have uninsured/underinsured motorist coverage as part of your own auto insurance policy, you may be able to file a claim with your own insurance company. Alternatively, you may be able to pursue compensation through a personal injury lawsuit against the at-fault party directly. An experienced Victoria personal injury lawyer can help you explore all potential sources of compensation and fight for the financial recovery you need.
The value of your Victoria personal injury case will depend on a variety of factors, including the severity of your injuries, the extent of your hospital expenses and lost wages, the impact of the injury on your quality of life, and the strength of the evidence supporting your claim. In general, more severe injuries and more substantial damages will result in a higher case value. However, every case is unique, and it's important to consult with a skilled Victoria personal injury lawyer who can evaluate the specific circumstances of your case and provide a more accurate estimate of its potential value. At The Edwards Law Firm, we have a track record of success in securing significant settlements and verdicts for our clients.
In general, the proceeds from a personal injury settlement or verdict are not considered taxable income by the IRS. This means that you will not have to pay federal income taxes on any compensation you receive for your medical expenses, lost wages, pain and suffering, or other damages related to your injury. However, there are some exceptions to this rule. For example, if you claimed a deduction for medical expenses related to your injury in a prior tax year, you may have to pay taxes on a portion of your settlement that represents a reimbursement for those expenses. Additionally, if your settlement includes punitive damages (which are rare), that portion of the settlement may be subject to taxation. An experienced Victoria personal injury attorney can work with you and a tax professional to ensure that you understand any potential tax implications of your settlement or verdict.
If you or a loved one has been injured in an accident in Victoria, Texas, don't hesitate to seek legal help. Our experienced personal injury attorneys at The Edwards Law Firm are here to guide you through this difficult time and fight for the compensation you deserve.
We offer free initial consultations, so you can discuss your case with one of our knowledgeable lawyers at no cost or obligation. We'll listen to your story, answer your questions, and provide honest advice on your legal options. If we take on your case, you won't owe us any fees unless and until we recover compensation for you.
Don't let someone else's negligence derail your life. Contact The Edwards Law Firm today to schedule your free consultation with a Victoria personal injury lawyer. You can reach us by calling 361-320-6752 or filling out this form. We're ready to put our skills and resources to work for you and help you get your life back on track.