Loss of Household Services – Value explained.pptx

In what ways do we add value to a case? TBI community-based rehabilitation Life Care Planner Pain and Suffering Loss of Consortium Loss of Past and Future Wages Loss of...

In what ways do we add value to a case? TBI community-based rehabilitation Life Care Planner Pain and Suffering Loss of Consortium Loss of Past and Future Wages Loss of Earning Capacity Loss of Household Services Punitive Damages Loss of Household Services – Value explained MD Department – Gabriela Hijar  What is it? “It involves all tasks performed in and about the Plaintiff’s home which are ordinary and necessary to the maintenance of a household and which are attributable in part to the Household Services care of a Qualifying Individual.” Definition and importance in Personal Injury Torts Household services definition. Law Insider. (n.d.). Retrieved 3 January 19, 2023, from https://www.lawinsider.com/dictionary/household-services Examples of Household Services Cooking House cleaning Laundry Gardening Childcare All of these services provided by individuals within their homes can be quantified and provided with an economic value 4 Household Services Travel for Hoseho Inside ld House Activity work Food Obtaini Cookin ng g& Service Clean- s up Shoppi Pets, ng Home Househ & old Vehicle Manag s ement 5  Importance in Personal Injury Cases By being objectively quantifiable in monetary Household Services terms, Household Services constitute a form of compensatory Economic Damages and as such can be awarded to the injured party. It is estimated by the BLS data that the average adult in the USA contributes approximately $14,000 per year to their Household in the form of Household Services. How is the Loss of Household Services Measured? 1. Collect Plaintiffs 2. Map PL’s classification 3. Determine loss for personal information household services Marital Status By the personal Review each Age information Plaintiff can subcategory of be classified into household Gender different groups that services and Pre-injury disability can increase of determine the decrease the value of loss per each. Pre-injury employment the Household Service status analysis. Presence of minor children Location of home 7 How is the Loss of Household Services Measured? 4. Determine nominal per 5. Wage adjustement 6. Quantify time value of annum loss money Apply pre-injury and Apply wage For this usually post-injury information adjustement to adjust Statistics based on the capacity to the nominal value of an on Expectancy perform household individual’s loss of Data, The Dollar services to calculate household services. Value of a Day are this. used to determine a present value loss of household services. 8 What specialists work for the evaluation of Loss of Household Services? Life Care Vocational Forensic Planner Assessment Economist and Specialist Financial Analyst 9 10 Thank you