It is not infrequent that future costs of care form the largest component of a damages claim, especially for an individual who has suffered a catastrophic injury. With the aid of a caregiver's report, Turnbull and Company can perform calculations on an item-by-item and aggregate basis. The overall amount of care costs over a lifetime can thus be estimated as a lump sum in present day dollars. The future costs of care may also be used to calculate a tax gross-up or fund management award.
Often, an individual who is expected to be adversely affected by their injuries in the future will face a permanent impairment in their ability to perform household work in the future. At times a caregiver's report will include the estimated annual cost of hiring replacement help. However, such reports are not obtained in every instance. Turnbull and Company can assist in estimating the loss of future capacity for household work through the use of statistical data. This data will indicate the average amount of time spent by individuals on particular household tasks. With the aid of these averages, the value of the lost capacity can then be estimated. Many individuals may have injuries that are not catastrophic, but which will prevent them from performing some heavy household tasks, and this may represent a source of pecuniary loss to them.
Almost anyone with an ongoing future impairment will have some future costs arising as a result, whether it is in the form of medication, equipment, therapies or household services. Call Kevin or Carol at 778-298-1781 to discuss how we can help with this claim.