Please never talk with a lawyer first, especially if you inform them of the substantial windfall your about to accept. First and foremost find out from the physician to what extent your son's injuries are, if they are not life threatening then you have really dogged that bullet, but if they are the hospital admissions dept can present you with a breakdown of what it will cost you to sustain your child's life and bring him back to his full potential. That is foremost and wise, take the hospital's estimate and match it with what the insurance dept is offering you and if it is too unacceptable, seek to remake that offer, and seek out a good attorney. Other than this reinvest the funds, I find automatic futures trading brings you a great reward for the money. Make money off your money that is the key. Read my Book “Far From Heaven”.