Ohio Disability Buyout Lawyer
Negotiate the Best Buyout with Ohio Settlement Attorney
Finding the right disability attorney to negotiate your disability buyout can get overwhelming when the internet is saturated with lawyers and law firms claiming to be the best. When looking for the best law firm to advise you on your buyout options it is crucial to choose a lawyer who not only has the experience but also has your best interests in mind. Some lawyers simply look to get a quick settlement even if it is not in the best interests of the client. This is no exception when it comes to a buyout of a disability policy. Victor Peña Law PLLC will never recommend a buyout if the offer from the insurance company is not reasonable and if it is not in the best interests of the client.
What Is a Buyout?
A buyout is a lump sum payout of your future benefits in lieu of receiving monthly payments from your disability carrier. Only certain disability insurance companies will offer buyouts to their claimants and only if certain criteria are met. If an insurance company offers a claimant a buyout, it is always at a discount and never the total amount payable under the policy. Receiving an unsolicited settlement offer from your insurance company means that they have determined it to be in the best interests of the company to settle the claim. This does not always mean that it is in your best interests.
Is a Buyout a Good Idea?
There are advantages and disadvantages to accepting a buyout. All options should be carefully reviewed and discussed with experienced professionals including a disability buyout lawyer, a tax professional, financial professional and in some cases a structured settlement consultant. There are many aspects to a buyout that many claimants ignore, such as the effect a buyout could have on other employer-sponsored benefits if the disability policy was provided through an employer.
Some insurance companies will extend settlement offers to avoid incurring any costs of litigation when they anticipate a fight. This is not a buyout offer and such offers should immediately be discussed with an attorney. Certain companies will extend settlement offers early in a claim while simultaneously making a threat to deny all future benefits if the offer is not accepted.
A buyout can be beneficial to certain claimants if the circumstances are right. Victor Peña Law PLLC handles cases in Ohio and Nationwide.
Attorney Victor Peña is a Disability Insurance Lawyer and assists claimants with buyouts throughout the State of Ohio. It doesn’t matter where you are in Ohio, we can evaluate your claim and help you determine your best options.
Victor Peña Law PLLC focuses exclusively on assisting private disability claimants to obtain and negotiate buyouts with their insurance companies. Our focus allows us to provide clients with the best and most extensive service surrounding buyouts.
We operate using an online legal services model allowing us to provide a far-reaching service. Most of our interactions will be telephonic, videoconference, email, and through our online client portal. This way we can deliver fast, efficient service to all clients.
Does Victor Peña Law Handle Other LTD Issues?
In some cases, we may have to submit administrative appeals or provide claims management to prepare the case for a buyout—if that is the client’s goal. In other cases, even if the claim is not ripe for a buyout Victor Peña Law PLLC has a network of competent disability attorneys no matter your needs and no matter where you are located in Ohio. Feel free to submit an online request with information about your disability claim and the services you need.
Disability Buyout Resources in Ohio
Providing proper buyout advice requires going beyond the legal aspects of the claim. For this reason, Attorney Victor Peña has a growing network of financial professionals, tax professionals, lawyers, actuaries, and medical professionals that he works with to provide the best service to his clients.
Below are links to financial professionals and CPAs in Ohio. The professionals located on the lists at the links below have not all been approved by Victor Peña Law PLLC. We provide our clients with specific tax and financial professionals and we work closely with these professionals when advising our clients and negotiating with the insurance company.
Financial Professionals in Ohio:
Accountants in Ohio:
If you are interested in approaching your disability insurance company about settling your ongoing claim or you have an open offer from your insurance company, contact Victor Peña Law PLLC for a free consultation or submit your information to receive a call the same day.