A common question we get asked is: When is a team of experts needed? And, more specifically: When does a case need an Economist and Lifecare Planner in addition to a Vocational Expert? The quick answer is that the complex cases require multiple experts. It is helpful to have both a Vocational Expert and an Economist on a case when there is not a simple difference in earning capacity; i.e., the client has benefit packages, including loss/reduction in retirement and 401k contributions, … Continue reading Which Experts Do You Need For Your Case?
Tag: Lost Earning Capacity
Future Lost Earnings vs. Lost Earning Capacity
What is the difference is between Future Lost Earnings and Lost Earning Capacity? Clarifying these terms can have a big impact when analyzing a case and determining accurate calculations. According to the California Civil Jury Instructions: “To recover damages for future lost earnings, plaintiff must prove the amount of income/ earnings/ salary/ wages he/she will be reasonably certain to lose in the future as a result of the injury.” On the other hand, lost earning capacity is defined as “the loss of ability to earn money. To recover … Continue reading Future Lost Earnings vs. Lost Earning Capacity