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Calculating Future Losses in Your Personal Injury Claim

If you have a severe or disabling injury and/or your earning capacity has been affected u2013 may range between tens of thousands of dollars and millions of dollars, depending on your particular circumstances,u201d explains Los Angeles personal injury attorney Howard Craig Kornberg at the Law Offices of Howard Craig Kornberg. There is no magic formula to calculate your future losses with the help of some simple mathematical equations. You will need to seek legal advice of a Los Angeles personal injury attorney in order to determine the value of your future losses.<br>

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Calculating Future Losses in Your Personal Injury Claim

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  1. Calculating Future Losses in Your Personal Injury Claim

  2. Calculating Future Losses in Your Personal Injury Claim Calculating your past and current medical bills and damages in a personal injury claim is important, but far more critical in determining your future losses in the form of lost wages, loss of earning capacity, and future medical expenses. “Loss of earning capacity – if you have a severe or disabling injury and/or your earning capacity has been affected – may range between tens of thousands of dollars and millions of dollars, depending on your particular circumstances,” explains Los Angeles personal injury attorney Howard Craig Kornberg at the Law Offices of Howard Craig Kornberg.

  3. Social Security Disability Benefits Not only may you be eligible to receive financial compensation for the loss of earning capacity from the at-faulty party and his/her insurance company, but may also qualify for Social Security disability benefits. But do not be mistaken: just because you have suffered a severe or even disabling injury does not automatically make you eligible for Social Security disability benefits.

  4. How to Determine the Loss of Future Earnings? There is no magic formula to calculate your future losses with the help of some simple mathematical equations. You will need to seek legal advice of a Los Angeles personal injury attorney in order to determine the value of your future losses. Here are some of the factors that will be taken into account by professionals when calculating your future losses in a personal injury case: • How severe are your injuries? • How many months or years you will need to reach full recovery?

  5. • If you are not expected to reach full recovery and your injuries are long-term, what are your limitations for employment after the injury? • What is the estimated income you would have received if you were not injured? • What is the estimated income you are expected to receive with current injury & disability? • Were any potential promotions or employment benefits expected in your career had you not been injured?

  6. In addition to determining the loss of future earnings, the total value of recoverable future losses should include the cost of your future medical expenses, if any. In order to estimate the value of future costs, you will most likely require the testimony of a medical professional. Contact the Law Offices of Howard Craig Kornberg for a free case evaluation. Get a free consultation by calling offices at 310-997-0904 or fill out this contact form today.

  7. CONTACT US LAW OFFICES OF HOWARD CRAIG KORNBERG Address: 10880 Wilshire Blvd. #1840 Los Angeles, CA 90024 Phone: 310-997-0904 Fax: 310-474-1078 https://www.kornberglawfirm.com/

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