DETERMINING ECONOMIC DAMAGES    

 

 

          Chapter 6

Determining and Proving Economic Damages

[A] ELEMENTS OF ECONOMIC DAMAGES

    1. Loss of Income Production
    2. Loss of Economic Opportunity
    3. Loss of Labor and Skills to Family
    4. Loss of Postinjury Worklife Income and Estate Value
    5. Loss of Personal / Family/Social Relationship

[B] DOCUMENTING ECONOMIC DAMAGES

    1. Defining Postinjury Capability
    2. Defining Residual Functional Capacity
    3. Sample: Assessment of Residual Functional Capacity
    4. Defining Transferable Skills and Capacities
    5. Standard Vocational Assessment Techniques

[C] PROVING OF PAST WAGES AND FUTURE ECONOMIC OPPORTUNITY

    1. Defining Preinjury Income Stream and career Development
    2. Defining individual Postinjury Career Development and income potential
    3. Defining Postinjury Career Development and income potential with Generic Data
    4. Estimating Length of Worklife

[D] DEATH OR DISABLEMENT OF UNEMPLOYED PERSONS

    1. Employers and the disabled
    2. Sample Job analysis
    3. Documenting Good Faith Job Search

[E] DEFINING CONTRIBUTION OF LABOR AND SKILLS TO FAMILY

Fair Market Value of Household and personal Services

 

[F] LOSS OF POST LIFE INCOME AND ESTATE VALUE

    1. Reduced Pension and social security Income
    2. Reduced savings and property Holdings

[G] ADJUSTMENT TO CHANGES IN LIFESTYLE CAUSED BY ECOMONIC DAMAGES AND RESTRICTION OF OPPORTUNITIES

    1. Independence and Avocational Pursuits
    2. Self -Concept and Self -Esteem
    3. Worst- Case Scenario
    4. Career Development and Stagnation

[H] VOCATIONAL REHABILITATION INTERVENTION

    1. Establishing Plaintiff Feasibility for Rehabilitation Intervention
    2. Vocational Rehabilitation Services
    3. Rehabilitation Profile
    4. The rehabilitation Counselor as a Vocational and present Value Expert Witness
    5. Assessment for Evaluating Economic Damages
    6. Present Value Computation
    7. Sample Present Value Computation
    8. Economic impact Showing Economic Impact with Vocational Rehabilitation
    9. Economic impact of No Vocational Rehabilitation
    10. Sample: Table Showing Economic Impact without Vocational Rehabilitation

[I] INTANGIBLE VARIABLES WHICH AFFECT EVALUATION OF DAMAGES

    1. Defining Individual Differences
    2. The Agony of litigation

[J] Defining Objective Measure of Damages

 

 

*****Lecture seminar this course is 1.5 hours for Continuing Education (CE) This course includes current computation sample of  how some courts view ECONOMIC DAMAGES . Course study for a Professional Designation  requires5 hours study time.

 

 

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