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Utilization of the Life Care Plan in personal injury litigation: case evaluation and funding design in the
1Settlement Strateges, Inc., 9185 E. Kenyon Suite 250, Denver, CO 80237, USA.
Abstract:
Information necessary to evaluate, properly design and adequately fund for the care of catastrophic needs in a personal injury lawsuit is available in life care plans and wage loss analyses. This article critiques the extent to which current methodology underutilizes the data which may lead to inaccurate assumptions, poorly designed structured settlements and potentially hazardous decisions in providing for the damaged plaintiff. It is hoped that a discussion among the disciplines can lead to a clearer understanding of the processes, encourage more comprehensive analyses and planning and promote the best use of settlement or verdict funds in critical care cases.
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