A life care plan costing engagement moves through 5 steps, from the conflict check to testimony. Each step ends in something counsel can review, and the typical timeline shows how long each phase runs.
Engagement process
Retention and conflict check: We confirm conflicts, identify the plan or plans to be valued and the venue's discounting conventions, establish the retainer, and set the deadline.
Records and data request: We obtain the life care plan with its item-level cost tables, the basis for its life expectancy, and any medical opinions that bear on the duration of care.
Analysis and modeling: We assign growth rates by care category, apply the applicable life expectancy, discount each item to present value, and prepare sensitivity analysis across the reasonable range of growth and discount assumptions.
Draft report and counsel review: We deliver a draft that ties every valued item back to the plan and states each assumption, then review it with counsel and the plan's author so the plan and the valuation reconcile.
Final report and testimony support: We issue the final report and provide deposition and trial testimony, rebuttal of opposing present value opinions, and revaluation when the plan is updated.