What is Earning Capacity and How Will it Affect My Settlement?
With any settlement resulting from an injury, there are several factors that need to come into play to determine how much your injury is worth.
The first thing that is examined is how much you have lost due to medical bills, lost wages, as well as pain and suffering. But one thing most people don’t think about it is the future losses you may encounter as these types of injuries include harm that is permanent or life-altering.
With these types of injuries, the victim may be unable to return to their previous work or career. At that point it has to be decided what type of work they can and cannot do. This is done with the help of a vocational expert. The expert trains and tests the injured victim to see if they can be re-trained in other areas of work and if they are able to return to the workforce. These tests play a very large part in determining the future losses of a client. If an injury stops you from making money in the future, you need to be compensated to cover the amount you would be losing by not receiving paychecks. Along with vocational experts, your attorney may use an economist to project exactly how much money you would need every year for the rest of your life for your basic needs and medical care. Watch the video now to learn more.
If you have legal questions, I want you to call me at (855) 880-8163. I welcome your call.