KW Economics prepares life care plan costing for personal injury cases venued in Vermont: what the loss claim consists of, the records that drive it, and a present value built to Vermont damages rules and venues. Plaintiff and defense.
For a personal injury claim the life care plan supplies the future medical and care items, and the economist's role is the economic translation of those items into a present value that reconciles with the plan. Each item's frequency, duration, and unit cost is carried forward with the medical cost growth appropriate to its category, summed year by year over the applicable life expectancy, and discounted with the rate stated. The result can stand alone or enter an integrated damages report on the same growth, discount, and life expectancy assumptions as the earnings and household services components.
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.
Which component dominates depends on the person's age, occupation, and residual capacity. For a young worker who can no longer perform a skilled trade, future earnings loss over a long worklife usually outweighs everything else. For a person who returns to work at reduced hours or lower pay, the loss is the gap between the but-for path and the post-injury path, and the size of that gap is the contested question. Where a life care plan exists, its present value is often the largest single figure in the report, and household services losses can be substantial when the injured person did most of the home's unpaid work.
Vermont trial judges act as gatekeepers for expert testimony and ask whether the economist is qualified, whether the method is reliable and accepted in the profession, and whether it was applied reliably to the facts of the case. A damages report answers that inquiry by tying each input to the record and naming its published sources.
Highest court: Vermont Supreme Court. Court system: vermontjudiciary.org.
Federal venues: District of Vermont.
Outside the civil courts, wage-loss disputes in workers' compensation matters proceed before the Vermont Department of Labor, Workers' Compensation Division.
Vermont provides a wrongful death action, brought by the personal representative for the pecuniary injuries to the spouse and next of kin, which the courts read to include the loss of the decedent's companionship and care, alongside a survival action for the decedent's own claims. Recovery is barred once the plaintiff's fault exceeds the combined fault of the defendants, the common-law collateral source rule applies, and prejudgment interest is generally awarded only on liquidated sums or in the court's discretion.
We issue the final report and provide deposition and trial testimony, rebuttal of opposing present value opinions, and revaluation when the plan is updated.
For a personal injury claim the life care plan supplies the future medical and care items, and the economist's role is the economic translation of those items into a present value that reconciles with the plan. Each item's frequency, duration, and unit cost is carried forward with the medical cost growth appropriate to its category, summed year by year over the applicable life expectancy, and discounted with the rate stated. The result can stand alone or enter an integrated damages report on the same growth, discount, and life expectancy assumptions as the earnings and household services components.
Vermont trial judges act as gatekeepers for expert testimony and ask whether the economist is qualified, whether the method is reliable and accepted in the profession, and whether it was applied reliably to the facts of the case. A damages report answers that inquiry by tying each input to the record and naming its published sources. Personal Injury cases venued in Vermont are heard in the Superior Court (General jurisdiction; civil, criminal, family, and probate divisions in each county), with final appeals to the Vermont Supreme Court. Matters within federal jurisdiction proceed in the District of Vermont.
Vermont provides a wrongful death action, brought by the personal representative for the pecuniary injuries to the spouse and next of kin, which the courts read to include the loss of the decedent's companionship and care, alongside a survival action for the decedent's own claims. Recovery is barred once the plaintiff's fault exceeds the combined fault of the defendants, the common-law collateral source rule applies, and prejudgment interest is generally awarded only on liquidated sums or in the court's discretion. 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 Vermont rules to a documented figure.
Request a consultation on Life Care Plan Costing or call (201) 343-0700. Plaintiff and defense counsel.