KW Economics prepares life care plan costing for spinal cord injury cases venued in New Mexico: what the loss claim consists of, the records that drive it, and a present value built to New Mexico damages rules and venues. Plaintiff and defense.
A spinal cord injury life care plan carries attendant care, wheelchair and equipment replacement cycles, supplies, home and vehicle modifications, and periodic hospitalization for complications, each with its own frequency, replacement interval, and cost category. The economist schedules each replacement at the interval the plan specifies, grows each item at the rate appropriate to its category, discounts the stream over the life expectancy the medical evidence supports, and presents home-based and facility-based care scenarios when the plan offers both. The report lists the replacement schedule so counsel can see how many cycles the horizon contains.
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.
The present value of attendant care over a lifetime is usually the largest figure, followed by future lost earnings for a person injured early in a working life. Equipment costs recur on replacement cycles and are sensitive to the cost growth rate applied, and home and vehicle modifications add one-time and recurring items. Because the level of injury determines attendant care hours and the person's capacity for alternative work, the report's total moves with those inputs, and the life expectancy the medical evidence supports sets the horizon for every stream.
New Mexico courts ask the trial judge to act as gatekeeper for expert testimony, examining 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 those questions by stating its assumptions and citing its sources.
Highest court: New Mexico Supreme Court. Court system: nmcourts.gov.
Federal venues: District of New Mexico.
Outside the civil courts, wage-loss disputes in workers' compensation matters proceed before the New Mexico Workers' Compensation Administration.
New Mexico measures wrongful death by the worth of the decedent's life from the decedent's own standpoint, a recovery that belongs to the estate and includes lost earnings, the value of the decedent's life apart from earnings, and the decedent's own pre-death damages, with loss of consortium brought separately by close family. Pure comparative fault reduces the award in proportion, the common-law collateral source rule applies, and prejudgment interest is discretionary and weighs each party's settlement conduct.
We issue the final report and provide deposition and trial testimony, rebuttal of opposing present value opinions, and revaluation when the plan is updated.
A spinal cord injury life care plan carries attendant care, wheelchair and equipment replacement cycles, supplies, home and vehicle modifications, and periodic hospitalization for complications, each with its own frequency, replacement interval, and cost category. The economist schedules each replacement at the interval the plan specifies, grows each item at the rate appropriate to its category, discounts the stream over the life expectancy the medical evidence supports, and presents home-based and facility-based care scenarios when the plan offers both. The report lists the replacement schedule so counsel can see how many cycles the horizon contains.
New Mexico courts ask the trial judge to act as gatekeeper for expert testimony, examining 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 those questions by stating its assumptions and citing its sources. Spinal Cord Injury cases venued in New Mexico are heard in the District Court (General jurisdiction; 13 judicial districts; all civil, criminal, and domestic matters) and the Bernalillo County Metropolitan Court (Largest limited jurisdiction court; covers Albuquerque), with final appeals to the New Mexico Supreme Court. Matters within federal jurisdiction proceed in the District of New Mexico.
New Mexico measures wrongful death by the worth of the decedent's life from the decedent's own standpoint, a recovery that belongs to the estate and includes lost earnings, the value of the decedent's life apart from earnings, and the decedent's own pre-death damages, with loss of consortium brought separately by close family. Pure comparative fault reduces the award in proportion, the common-law collateral source rule applies, and prejudgment interest is discretionary and weighs each party's settlement conduct. 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 New Mexico rules to a documented figure.
Request a consultation on Life Care Plan Costing or call (201) 343-0700. Plaintiff and defense counsel.