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Ep 73: How Do You Calculate Household Services & Life Care Plans? (Part 3 with Dr. Craig Galbraith)
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One of the more difficult areas of a catastrophic injury case to measure and calculate are the everyday responsibilities and duties you have at home. How do you factor in those household services that can’t be easily acocomplished on a given day. Forensic economist Dr. Craig Galbraith continues his discussion with us about how to find the value you deserve in these difficult situations.
This part of the discussion focuses on into the intricate details of personal injury cases, focusing on the distinction between household services and life care plans. Our discussion covers the economic implications of life care plans, the challenges of quantifying household services, and the complexities faced by forensic economists in valuing future care needs.
Join us as we explore how these elements impact both the injured and their families, and the importance of accurate economic assessments in legal contexts.
Here’s some of what we discuss in this episode:
0:00 – Life care plan analysis
2:41 – Taking care of household duties
6:54 – Supporting children
10:01 – Limitations
13:00 – Assessing inflation
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