Different Types of Vocational/Economic Analyses
The typical plaintiff attorney in personal injury or medical
malpractice cases wants to know how much the case is worth for
purposes of settlement negotiations. If it is a New York State case
he or she needs a future value amount to present to the court. In
other states it is required that present value amounts be presented.
In some states, such as New Jersey, a tax analysis is required.
Sometimes a defense attorney only wants a critique of the
plaintiff’s vocational or economic report. At other times he or
she wants a report as well as a critique.
In marital cases the question of work-life often does not arise
and the only question asked is one that relates to earning capacity.
But at other times, especially if one of the spouses is disabled,
the question of work-life may arise.
For economic analyses of life-care plans the pertinent questions
have to do with growth rates for particular types of services and
commodities. For the life-care plan itself (as well as critiques of
such plans) what is required is critical examination of what an
injured person will need in the future. While I am not a life-care
planner, I do have the experience and ability to put together simple
and reasonable plans with the help of health care providers such as
doctors or group homes.
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