In these topical writings we attempt to answer some commonly asked questions about the calculation of economic damages.
What are economic damages?
What are earnings and benefits-related economic damages?
What are household services-related economic damages?
What are future expenses-related economic damages?
The 8 steps to calculating economic damages in personal injury cases
The 8 steps to calculating economic damages in wrongful death cases
Determine the past and future losses
How to determine the length of damages in personal injury cases
How to determine the length of damages in wrongful death cases
Determining growth rates to project earnings and benefits
Discounting losses to present value
Review of short and long term interest rates
The client documents you need to evaluate earnings and benefits losses
Calculating the earnings and benefits your client would have received, had they not been injured or died
Calculate and project the earnings and benefits they will receive now that the injury has occurred
Incorporate income taxes, if relevant in the jurisdiction
3 common methods of determining an effective tax rate for damages
Incorporate personal consumption, if relevant in the jurisdiction
Do you have a case in which a damage analysis would be beneficial?
Contact us to discuss your case.
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We also have writings and calculators available to help you learn more about your client's economic damages.