WRONGFUL DEATH & INJURY SETTLEMENTS
Wrongful Death Settlements
The probate litigation practice at the law firm of James Bart Leonardi, LLC includes probate court proceedings for approval of the distribution of settlements in wrongful death cases.
Attorney Bart Leonardi applies his extensive litigation and finance experience in addressing the complex and sensitive issues relating to the distribution of a wrongful death settlement or verdict. Mr. Leonardi works with plaintiffs’ attorneys, personal representatives referred by plaintiffs’ attorneys, and clients seeking assistance with wrongful death claims.
Ohio Wrongful Death Lawsuits
Distribution of Damages in an Ohio Wrongful Death Action
Under the statute, the method of distribution depends on the relationships of the beneficiaries to each other. The beneficiaries may agree to a distribution allocation themselves, subject to court approval. However, if they fail to agree, the court will adjust the shares for them on the same equitable basis.
For minor beneficiaries there are several options:
Wrongful Death Trust
A trust that allows the money to be distributed under controlled circumstances until the age of 25. Once the child turns 25, the remaining proceeds are paid out and the trust is terminated. It is a way to protect against the child receiving a lump sum payment of all remaining proceeds at the young age of 18.
Structured Settlements
Structured settlements are guaranteed payments that are paid at specific times to the injured minor and can be stretched out over a period of time that makes sense dependent on each individual case. Payment directly to a court appointed guardian for the benefit of the minor.
Special Needs Trust
This is a trust that helps preserves the settlement proceeds and protects against the proceeds disqualifying the minor from government benefits he or she is receiving. These trusts involve an intricate understanding of the various Medicaid and Social Security rules as well as the tax code. They should only be drafted by an experienced estate planning and probate attorney.
Trust in an Experienced Ohio Wrongful Death Settlement Attorney
If you need assistance with obtaining probate court approval for distribution of a wrongful settlement, please contact James Bart Leonardi, LLC to schedule a consultation. Call 440-937-8364
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