It’s always best to assume that you do have a case and consult with an attorney. Your attorney will be able to tell you what exact action you need to take next.

For personal injury settlements in Kentucky, these may include: 1) Past medical expenses — For any necessary and reasonable expenses you incurred as a consequence of your injuries. 2) Future medical expenses — The cost of future medical care based on the evidence of your injuries. 3) Lost wages — Calculated by the amount of time you were unable to work due to your injuries. 4) Impairment to earn money — In the case you are permanently impaired from earning. 5) Pain and suffering — Both past and future.

In addition, if the judge determines that the actions of the other party involved in your injuries were outrageous or egregious, you may be entitled to punitive damages. These are a type of punishment meant to act as a deterrent.

Typically, none of the monetary damages you receive through a personal injury settlement for your physical injuries are taxable at state or federal level. However, emotional distress, lost wages, and punitive damages are subject to taxes. In addition, you’ll need to include any medical expenses you deducted on your taxes in the previous year as taxable income. Plus, you’ll pay taxes on post-judgment interest.

After an accident, it is common to suffer from shock. All the same, it is important to respond correctly to increase your chances of building a strong case. The first thing to do is call the police. While you are waiting, take pictures of the scene of the accident to use as evidence in your case. If there are any witnesses, ask them for their contact information. It is particularly important to talk to any other drivers involved in the crash to gain their insurance information. Never apologize or admit fault in any other way, as this could be used against you in your claim or lawsuit. Next, make sure you get medical treatment for your injuries.

If you have been injured in a car accident, truck accident, motorcycle wreck or other type of accident, contact us today. We can provide you with the legal support and legal services that you need.