How Do I Prove My Future Lost Wages?

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Not only can you argue current lost wages in your personal injury claim, but you can easily make an argument for your future lost wages. The work lies in how you prove something that you have yet to incur. Follow along to find out how to prove your future lost wages and how a proficient Harris County, Texas personal injury lawyer at Merricks Law Group, P.A. can help you calculate a fair and accurate amount of compensation.

In my personal injury claim, how do I calculate my future lost wages?

You may find it fairly straightforward to calculate your current lost wages. For example, if you missed a few months of work, you may first find your annual take-home income after taxes and deductions. Then, you may divide this annual amount by 12, then multiply by the number of months you missed from work.

However, there may be far more extensive financial implications for future lost wages. This may go far beyond calculating the amount of time you anticipate being unable to receive your previous level of earnings. For this reason alone, it is almost always recommended you bring on a financial expert for your case. Here, you may fairly and accurately compute the following:

  • The inflation rates you anticipate your base salary to match in the future.
  • The future commissions and performance bonuses you anticipate to miss out on.
  • The future promotions and salary raises you anticipate to miss out on.
  • The health insurance and retirement programs you no longer benefit from.
  • The comped company car and company meals you no longer benefit from.

What do I need to prove my future lost wages?

To reiterate, it may be tricky to prove your future lost wages since you have not incurred them yet. Nonetheless, it is doable. So when testifying in your personal injury claim proceedings, it is almost always recommended to bring forward the following prices of proof:

  • A statement from your healthcare provider, in which they describe their recommended time off from work given your health status.
  • A statement from your physical or occupational therapist, in which they describe your physical limitation given your health status.
  • A statement from your employer, in which they describe your inability to perform your job given your health status.
  • A statement from your loved one, in which they describe the extent of your physical disabilities.
  • Your past pay stubs.
  • Your past income tax returns.
  • Your past Social Security earnings statements.

This is not to mention the proof required for your other economic damages, such as your medical bills, property damages, and more. In conclusion, before it is too late, you must retain the services of a talented Harris County, Texas personal injury lawyer. Contact our White Personal Injury office today.

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