Personal Injury Claims St. Louis: Wage Loss Calculation for Settlement Purposes

Many personal injury attorneys and lawyers want to know: How can we determine wage loss calculations in order to settle personal injury claims?

Many times personal injury claims are settled before the case goes to court. Most of the time attorneys do not engage an expert until closer to the trial date and are therefore trying to negotiate a settlement without any good wage loss calculations.

If the attorney or lawyer has detailed information on the historical wages, benefits and other factors about the case — typically a financial expert can determine a value of the lost wages.

Contact your expert and see if they would consider doing some preliminary calculations for settlement purposes. Maybe you can negotiate a lower fee or fixed rate for this service. Having a financial expert review the documents, offer suggestions on additional documents to subpoena and then developing a preliminary value can help the attorney and client settle the case without additional fees for trial.

If you would like to learn more about wage loss for personal injury accidents, business valuations, how to find a personal injury attorney, or qualified expert witness – check out our additional videos at http://www.YouTube.com/businessvaluationstl or visit our website at http://www.valuationstLouis.com – (314) 541-8163

Personal Injury Lawyers and Claims St. Louis: How to Determine Wage and Benefit Loss

Personal Injury Lawyer & Claims: How to Determine Wage Loss – In order to develop the lost wages, the expert needs to review all wage earnings and benefits.

Many personal injury attorneys and lawyers want to know: What are some of the steps to determine wage loss for personal injury claims?

In order to develop the lost wages of a client in a personal injury case, the expert needs to evaluate the historical wage earnings, medical, dental, or pension benefits and other issues contributing to the income of the injured person.

There are times when there is a business involved because the injured party was a sole proprietor, a partner or member of a privately-held or family owned business. Careful consideration has to be taken for all the income, benefits and individual issues for each case in order to estimate the lost wages and benefits in a personal injury case.

The earnings and benefits are calculated for each year of the person’s remaining worklife and then the expert will calculate the present value of these future earnings or wages.

If you would like to learn more about wage loss for personal injury accidents, business valuations, how to find a personal injury attorney, or qualified valuation appraiser – check out our additional videos YouTube