Discounting Losses to Present Value in Personal Injury Cases: Three Methods to Discount Lost Income

Co-Sponsored by the National Association of Certified Valuators and Analysts®  (NACVA®) 

	Program Description		Who Should Attend
	How You Will Benefit		Schedule

Program Description
The U.S. Supreme Court along with federal and state courts have provided decisions highlighting three different methods available for calculating the present value of future lost income in personal injury and wrongful death cases. These methods are: discounting by real interest rates, discounting by market interest rates, and total offset. Having a good working knowledge of these three methods gives an expert the opportunity to properly calculate the present value of future losses and demonstrate his or her expertise in the forensic economic field. This course will discuss the three methods and expand on their similarities and differences.

How You Will Benefit
After completing this course, attendees will be able to:

• Analyze the appropriate method for discounting to present value in personal damages cases
• Identify the differences and similarities among the three methods for discounting
• Calculate the present value of future lost earnings using any of the methods
• Describe the use of the method chosen for discounting future losses to present value
• Explain why the method chosen was appropriate for a particular assignment; be prepared to ask questions regarding local rules for discounting and which method should be used in such circumstances

Take Aways
The course will provide information allowing attendees to understand the three methods courts have found appropriate for discounting future losses to present value. They will be shown the similarities and differences among the three methods including how to calculate present value using each method. In the end, the attendees will learn how to ask questions regarding local rules for discounting and to assess which method would be best to use for a particular assignment.

Who Should Attend

Delivery Method Group Internet-Based Program Level Intermediate Advanced Preparation None Prerequisites Previous training or research on subject matter being taught. Such persons are often at a mid-level within the organization, with operational and/or supervisory responsibilities.   Economics 1 Total CPE Hours   1

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