KW Economics prepares life care plan costing for motor vehicle accident cases venued in Georgia: what the loss claim consists of, the records that drive it, and a present value built to Georgia damages rules and venues. Plaintiff and defense.
After a catastrophic crash the present value of the life care plan can exceed the earnings loss, and the attendant care, equipment, and future surgery items in the plan drive the total. The economist reduces the plan to present value with category-specific medical cost growth over the life expectancy the medical evidence supports, presents the total under alternative care scenarios where the plan offers them, and states every assumption so the valuation can be examined item by item. Because policy limits often frame the practical range, the report shows the plan's present value by category so counsel can evaluate settlement against the components that carry the most weight.
Reduction of a life care plan's line items to a single present value. The plan's items, frequencies, durations, and unit costs are carried forward with medical cost growth appropriate to each category, then discounted over the applicable life expectancy. Plan authorship stays with the life care planner; our role is the economic translation of the plan into a damages figure that reconciles with the plan and can be examined item by item.
In moderate injury the exposure is concentrated in the period out of work and any future surgery or treatment, and the numbers can usually be built directly from the records. Once an injury prevents a return to the prior occupation, the future earnings gap across the remaining worklife becomes the dominant figure, and in catastrophic injury the present value of attendant care and equipment in the life care plan can exceed the earnings loss. Policy limits often frame the practical range, so counsel commonly ask for a report that presents each component separately for settlement evaluation and for trial.
Georgia trial courts act as gatekeepers in civil cases and ask whether the economist is qualified by training and experience, whether the method has been tested and accepted in the profession, and whether it was applied reliably to the facts. An economic damages report meets that inquiry by stating its assumptions and naming the data series behind each one.
Highest court: Supreme Court of Georgia. Court system: gasupreme.us.
Federal venues: Northern District of Georgia, Middle District of Georgia, Southern District of Georgia.
Outside the civil courts, wage-loss disputes in workers' compensation matters proceed before the Georgia State Board of Workers' Compensation.
Georgia measures wrongful death by the full value of the life of the decedent from the decedent's own standpoint, an economic component built on lost earnings and services without deduction for the decedent's personal expenses plus an intangible component, while the estate separately recovers pre-death medical expenses, pain and suffering, and funeral costs. Recovery is barred once the plaintiff's fault reaches half, the common-law collateral source rule applies, and prejudgment interest on unliquidated tort damages is tied to a written demand procedure.
We issue the final report and provide deposition and trial testimony, rebuttal of opposing present value opinions, and revaluation when the plan is updated.
The same four steps apply to a motor vehicle accident case venued in Georgia; the damages framework above decides which components enter the total. Document the earnings history, the date the person left work, and any return to work at full or reduced capacity. Project the but-for earnings over a worklife expectancy with a stated wage growth rate and compare it with the post-injury path. Value fringe benefits from plan documents or published employer cost data, household services from time-use data, and future care from the life care plan. Discount each stream to present value at a stated rate and present the alternative scenarios where the return-to-work date or capacity is disputed.
Georgia trial courts act as gatekeepers in civil cases and ask whether the economist is qualified by training and experience, whether the method has been tested and accepted in the profession, and whether it was applied reliably to the facts. An economic damages report meets that inquiry by stating its assumptions and naming the data series behind each one. Motor Vehicle Accident cases venued in Georgia are heard in the Superior Court (General jurisdiction; civil cases, felonies, domestic relations, equity) and the State Court (Civil actions regardless of amount except those reserved to the superior court, misdemeanors), with final appeals to the Supreme Court of Georgia. Matters within federal jurisdiction proceed in the Northern District of Georgia, Middle District of Georgia, and Southern District of Georgia.
Georgia measures wrongful death by the full value of the life of the decedent from the decedent's own standpoint, an economic component built on lost earnings and services without deduction for the decedent's personal expenses plus an intangible component, while the estate separately recovers pre-death medical expenses, pain and suffering, and funeral costs. Recovery is barred once the plaintiff's fault reaches half, the common-law collateral source rule applies, and prejudgment interest on unliquidated tort damages is tied to a written demand procedure. The report presents past and future amounts separately, states every rate and table with its source, and shows the result under the alternatives the other side is likely to argue, so counsel can apply the Georgia rules to a documented figure.
Request a consultation on Life Care Plan Costing or call (201) 343-0700. Plaintiff and defense counsel.