the money received from settlement is taxable from IRS. and the money def doesn't bring your kid back. but according to law there are legal limits on how much y

the money received from settlement is taxable from IRS. and the money def doesn't bring your kid back. but according to law there are legal limits on how much you can claim. it might be easy to earn for you on 4 years but for a poor person that might be a 10 year effort to earn, so don't count in your years. also def consult an attorney regarding this, he can explain the legal ramifications of it and if you feel it is right go ahead with settlement, also keep in mind that all lawers are friends so they know which lawyer is representing the other party and their capabilities (personal experience) based on that they can predict the result of your case, even the judge and the jury greatly affect the case. dont think it is their mistake means that you will win, there is a possibility that if they drag you to court they can end up paying less, it happens and it saves them a lot of legal fees. that is the reason some companies like to settle, again ask you lawer. But loss is a loss. try to accept the fact and plan, do meditation and plan your life around this loss.