The Insurance Company Says The Value of My Case Must be Reduced to Present Value.

Baltimore personal injury lawyers would probably agree this is a complicated subject, well beyond the scope of these volumes. However, the concept plays a significant role in intelligently valuing any serious automobile accident or personal injury case, and evaluating the reasonableness of any settlement. Assume an accident victim sustains a serious injury, and will require medical care of some sort, well into the future. Assume a physician opines that the amount will be 1,000 a year for 20 years. That's $20,000.

But, because wisely invested money grows over time, if a prudent investor, or an insurance company, invests just $7,537 today, in 20 years, that $7,537 will grow to $20,000.

Now, a Baltimore personal injury lawyers knows that does not take into account that every year, the injury victim is going to have to take out 1,000 for the medical care, or that the prudent investor is going to pay The Insurance Company Says The Value of My Case Must be Reduced to Present Value. - Attorney Blog Baltimore MD - Criminal Defense, Personal Injury Lawyer - Eric T. Kirk - a_maryalnd_lawyer(1)taxes or capital gains on the accumulations, but an understanding of the concept is vital in intelligently assessing the value of Baltimore automobile accident or personal injury case where there are long term medical costs, or any form of damage that is going to continue into the future. In fact, a jury may be specifically instructed that, when fashioning an award for future losses, they must reduce the amount the agree upon to an amount, that if invested prudently, would grow over time, into the full amount. I consult with anyone who has sustained a serious injury on a complimentary basis. If you have questions about a personal injury matter, feel free to contact me today. 410 591 2835. 

 

IS IT ILLEGAL TO HACK INTO A COMPUTER IN MARYLAND

Maryland law punishes the conduct that is informally known as “hacking”. Current law makes it a crime, standing alone, to gain access to someone else’s computer data, whether or not information is stolen. The law was...

TOP 10 REASONS FOR CONSULTING WITH A PERSONAL INJURY ATTORNEY.

I’ve always maintained that you should consult with an experienced personal injury attorney immediately after a car accident involving injury. My feelings are that it just makes sense to get a handle on what legal rights and options you have....

IF I HIRE A PERSONAL INJURY LAWYER DO I PAY ANYTHING UP FRONT?

Most personal injury lawyers, and this one is no exception, handle cases on what is called a contingency fee contract. Distilled to its most basic, this is often called a NO COSTS UNLESS WE WIN arrangement. It is probably fair to refer to it...

HOW MUCH ARE CAR ACCIDENT LAWYER’S FEES?

Attorney’s fees come in three variations. You may agree to hire a lawyer for a fixed or ‘flat’ fee. Under this arrangement, the lawyer agrees to accept a specific amount to handle a case for you. Criminal defense cases are...

IS IT A CRIME TO SPIT ON SOMEONE IN MARYLAND?

It the classic demonstration of contempt in countless movies - spitting in the face of one’s enemy. But in an age of  Ebola, Zika, West Nile, HIV and a generalized awareness of infectious, communicable disease, can such conduct be...

CAN I CARRY A CONCEALED WEAPON IN MARYLAND?

Maryland law defines a handgun as a pistol, revolver, or other firearm capable of being concealed on the person. A short-barreled shotgun and a short-barreled rifle are within the definition, while a shotgun, rifle, or antique firearm is not. A...

CAN I CARRY A STUN GUN OR TASER IN MARYLAND?

It depends on where you are. Maryland law allows you to possess a stun gun or taser under certain circumstances.  The law also provides that municipalities and local governments can enact more stringent rules should they chose to do so, and...

Reasons to Hire a Personal Injury Lawyer

As long as you’re alive you’re vulnerable to accidents. When this happens, you should consider filing a claim to get compensation for your injuries. Personal injury claims are meant to benefit anyone suffering from psychological or...

IS IT A CRIME IN MARYLAND TO BE A PEEPING TOM?

The answer is yes. It is a crime. Maryland law punishes the viewing of another in a dressing room or restroom at a retail store, by direct sight, or by using a camera, mirrors, or other surveillance device. You can go to jail for a 30 days, and be...

When Do I Need to Hire a Personal Injury Lawyer?

A personal injury lawyer is your advocate when an insurance company is denying you vital compensation due to an injury. When there are great losses at stake if you try to defend your claim alone, it is wise to hire a personal injury...

TOP FIVE QUESTIONS ABOUT DOG BITE CASES

As with some jurisdictions, Maryland law holds the owners of dogs that attack and injure others while running at large strictly responsible for those injuries. The animal’s owner is responsible for any injury or death caused by the dog while...

TOP THREE PEDESTRIAN ACCIDENT QUESTIONS

Determining liability in pedestrian vs. automobile accidents illustrates the strict and harsh nature of an ancient legal concept still employed by Maryland courts. The principle is called contributory negligence, and holds that an injured person...

FAQs Regarding Automobile Accident Insurance

Around this time of the year, many of my clients do some planning for the following year. I think it's generally a wise thing to do. One of the things I would encourage anyone to do is look at their insurance coverage. It's appropriate for...