FAQ
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Personal Injury
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Is my personal injury settlement or verdict taxable?This depends: Punitive damages are taxable as "other means of income." Interest income comes from judgment interest. Compensation for economic and noneconomic damages is not taxed by the IRS. The settlement or verdict agreement will be clearly stated so the IRS will impose you fairly.
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If the accident was somewhat my fault, can I still win my case?Yes. However, you may not win the maximum possible settlement amount. Under Colorado's fault principles, your damages will be decreased in proportion to your fault. So, if you were 30% at fault, then your damages would be reduced by that amount in the claims. Keep in mind that the court determines fault.
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How do I know if I have a valid personal injury case?
If you've suffered an injury due to another party's negligence, you may have a valid case. Key factors include:
- Proof of the other party's fault
- Documented injuries
- Resulting damages such as medical bills or lost wages
Consulting with an experienced attorney can help determine the strength of your case.
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What types of compensation can I receive?
Compensation, known as damages, may cover:
- Medical expenses (past and future)
- Lost wages and loss of earning capacity
- Pain and suffering
- Emotional distress
- Property damage
The specific damages depend on your case's details.
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How long do I have to file a personal injury claim in Colorado?
In Colorado, the statute of limitations for personal injury claims is generally two years from the date of the injury. For motor vehicle accidents, it's three years. It's crucial to act promptly to preserve your rights.
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What should I do after an accident or injury?
- Seek immediate medical attention.
- Document the scene and gather witness information.
- Avoid discussing the incident with insurance companies without legal advice.
- Contact Veritas Injury Lawyers for a free consultation to discuss your case.
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How long does it take to resolve a personal injury case?
The duration varies based on case complexity, the extent of injuries, and whether a settlement is reached or litigation is necessary. Some cases resolve in months, while others may take longer. We strive to resolve cases efficiently while ensuring fair compensation.
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Will my personal injury case go to trial?
Many personal injury cases are settled out of court. However, if a fair settlement cannot be reached, we are prepared to take your case to trial to secure the compensation you deserve.
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Can I still recover compensation if I was partially at fault?
Yes, Colorado follows a modified comparative negligence rule. If you are less than 50% at fault, you can recover compensation, but it will be reduced by your percentage of fault.
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Why should I hire a personal injury lawyer?
Hiring a personal injury lawyer can provide several benefits if you have been seriously injured. Personal injury laws in Colorado can be complex and vary by jurisdiction. A skilled personal injury lawyer has in-depth knowledge of these laws and can navigate the legal system on your behalf. They can provide expert advice on the strength of your case, applicable statutes of limitations, and potential legal strategies.
Hiring a skilled Colorado personal injury lawyer can lead to higher compensation compared to when handling your case on your own. At Veritas Injury Lawyers, our personal injury attorneys know how to leverage their expertise and will advocate for your rights zealously.
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What should I oo immediately after an accident?
The steps to follow after an accident can differ depending on the type. In general though, after an accident, it is crucial to call 911 to seek medical attention immediately, even if you only have minor symptoms. This is important not only for your health but also for documenting your injuries, which can be vital for your personal injury claim.
After addressing your medical needs, be sure to take pictures of the scene, and exchange information with any witnesses and other parties that were involved in the accident. Afterward, consider contacting our personal injury lawyers to discuss your rights and the next steps in your case.
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Why should I choose your law firm for my personal injury case in Colorado?
Choosing our law firm for your personal injury case in Colorado means you'll benefit from our decades of experience and commitment to our clients. We understand the complexities of personal injury law and are dedicated to pursuing the compensation you deserve.
Our approach includes personalized attention, compassionate representation, and a reputation for success. We also offer free consultations to discuss your case and determine the best course of action.
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Car Accidents
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What is the required minimum auto insurance In Colorado?Legal auto insurance coverage is: $25,000 per injured victim $15,000 minimum in property damage $50,000 per accident, no matter how many victims have been affected Since Colorado is a "fault" state, this means you can file a claim against the defendant driver's insurance carrier. However, if the at-fault driver is uninsured or underinsured, there are steps you can take to get around that.
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How much time do I have to file an auto accident lawsuit?In most cases, you have around three years from the date of the accident to file a lawsuit. The deadline can be prolonged if you discovered the injury later. If you are planning to sue a government establishment, you may be required to file a claim within a few months after the accident.
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