How Can Your Hollywood Accident Lawyer Prove Lost Future Income?

Every day, people are involved in minor car accidents. They walk away from the crash with a few bumps and bruises. However, there are times when your car wreck is a lot more serious than that. If this is the case, you should call an experienced Hollywood car accident lawyer right away.

Your Florida personal injury attorney is going to demand that you be compensated for your losses, including lost future income.

Your Hollywood Car Accident Lawyer Must Prove Fault First

Before you can even discuss the issue of damages, your personal injury lawyer has to prove fault. Just because you sue the other party, that doesn’t automatically mean they’re liable.

In order to do this, your Hollywood car accident attorney has to prove the following four things.

  • The other party owed you a duty of care. All drivers must follow traffic laws.
  • The defendant breached this duty somehow. For example, the driver was speeding or intoxicated.
  • You were seriously injured.
  • Your injuries were caused by the other party’s breach of duty. In a car crash case, your lawyer must prove the defendant caused the accident and the wreck caused your injuries.

Once your auto accident attorney proves fault, you can move on to the discussion of damages.

You’ll Be Entitled to Different Types of Damages

Depending on the facts of your case, there’s a good chance you’re entitled to damages. In many cases, our Hollywood car accident lawyers demand the following types of damages on behalf of our clients:

  • Medical bills
  • Future medical bills
  • Property damage
  • Lost wages
  • Lost future income
  • Pain and suffering

Since every case is different, there’s no guarantee that you’ll receive all of these. It all depends on the facts of your case.

Most of Our Clients Receive Economic Damages

Many of our clients are awarded economic damages. These are the damages that can be justified using receipts and invoices. For example, your medical bills would be considered a type of economic damages. You can substantiate your Hollywood car crash lawyer’s demand for medical bills by submitting copies of your medical bills and explanation of benefit forms.

Your Accident Attorney May Also Demand Non-Economic Damages

Your personal injury attorney may also demand non-economic damages. This would be for things like punitive damages and pain and suffering. These cannot be proven using bills and receipts.

These damages have to be proven using other methods. For example, your family can testify to the fact that you can no longer enjoy the same kind of social life you had before the accident.

Damages for lost future income

Proving Your Damages for Lost Future Income Can Be Difficult

Lost future income is something that can be partially proven using documentation. For example, your Hollywood car accident lawyer can submit copies of your previous tax returns. This will show how much money you were making before your injury.

The harder part is proving what you would’ve earned going forward. The easiest way to do this is the assume that worst case, you would continue to earn the same amount you received before the incident.

You Also Need to Demonstrate What You’ll Earn as a Result of Your Injuries

If your injuries are severe, you may end up on disability. If this is the case, you’ll be lucky to earn $40,000 per year. If you were earning $100,000 a year prior to the accident, this would be a significant loss.

Once your car wreck attorney determines what you’re losing per year, they’ll need to determine how much you’re losing over time. The best way to do this is the determine how many more years you would have worked.

Calculating Future Lost Income Is More Complicated Than You May Think

The average retirement age in this country is 65. That is the number most attorneys use when calculating your lost future income. This means that, if you are 30 now, your Hollywood car accident attorney will argue that you would’ve earned a higher income for another 35 years.

You will then have to multiply 35 years by the $60,000 you’ll be losing every year. Without even accounting for inflation or investments, you’ll be looking at approximately $2.1 million.

There’s a Good Chance Your Hollywood Car Accident Lawyer Will Settle Your Case

Even though you may believe that you’re entitled to the full $2.1 million, you’re not likely going to receive that much. This is because there’s a good chance your Florida injury lawyer will settle your case.

When you settle, you are agreeing to accept a lesser amount in exchange for a lump sum of money. Rather than have to go to trial and risk losing, your attorney will try to negotiate a fair settlement.

You May Have to Compromise on How Much You Receive

When you settle, you have to compromise somewhat. Whether you compromise on the total amount or on certain categories of damages, is up to your attorney.

Generally speaking, however, you shouldn’t go into settlement negotiations thinking you’re going to receive the full amount. What you can trust though is that your attorney will make sure you get a sufficient amount of money to cover any out-of-pocket losses.

Reach Out to a Florida Personal Injury Attorney Sooner Rather than Later

Your lawyer will need time to prepare your case. Whether you’re demanding damages for lost future income or medical expenses and property damage, your Hollywood auto accident lawyer will need to gather evidence to support your claim.

Rather than wait until the last minute to do this, we suggest you contact our Hollywood, FL injury lawyers immediately after your accident. We offer all new clients a free, initial consultation. This gives you the chance to find out if your case has merit, ask us questions, and find out more about how we can help you.

You know the defendant will have an entire team of lawyers by their side. The last thing you want to do is jeopardize your chance of collecting damages. Call today so you can schedule your free case review.