Have you been involved in an accident that has affected your ability to work and earn a living? If so, you may be entitled to compensation for lost future income. However, proving damages for lost future income can be a complicated process. That’s where your Albany car accident lawyer comes in.
Our Albany car accident attorneys have the expertise to help you get the compensation you deserve.
What Is Lost Future Income in a Car Accident Lawsuit?
If you have been in a car accident in Albany, Georgia, you may be able to recover damages for lost future income. To do this, your Albany accident lawyer will need to prove that the accident was the cause of your injuries and that your injuries will prevent you from working in the future.
There are many ways to prove that an accident was the cause of your injuries. Your lawyer will likely look at the police report, witness statements, and photographs of the scene. If you have medical records, these can also be used to show that your injuries were caused by the accident.
What Are Some Examples of Lost Future Earning Capacity?
There are many different types of losses that can be considered when calculating lost future earning capacity. The most common include:
- Future earnings lost due to a decreased ability to work or an inability to return to pre-injury employment;
- Loss of future promotions or opportunities for raises;
- Loss of earnings due to early retirement; and,
- Loss of pension or other retirement benefits.
Of course, you may not be entitled to compensation for all of these things. It all depends on the facts of your case. It also depends on what your Albany car accident attorney can prove.
How Can Your Albany Car Accident Lawyer Prove Damages for Lost Future Income?
If you’ve been in a serious accident, you may be facing significant medical bills, lost wages, and other damages. One of the most difficult damages to quantify is the loss of future earnings.
If you’re unable to work because of your injuries, you may be able to recover compensation for the income you would have earned if not for the accident.
An experienced Albany car accident lawyer can help you prove the extent of your lost future earnings and recover the compensation you deserve. To prove lost future earnings, your lawyer will need to establish the following:
- The amount of income you would have earned if not for the accident
- The likelihood that you would have continued working at that income level for the rest of your career
- The impact of inflation on your lost earnings
- The present value of your lost future earnings
You’ll need to help your Albany car accident attorney gather some of this evidence. For example, you may need to produce copies of your past tax returns or recent pay stubs.
What Evidence Can Your Attorney Use to Prove Lost Future Income?
There are many types of evidence that can be used to establish lost future income in a personal injury case. The most common type of evidence is financial records. This can include pay stubs, tax returns, and other documents that show what the victim was earning at the time of the accident.
Other types of evidence that can be used to prove lost future income include expert testimony and vocational evaluations. You may also need to subpoena your previous employer so they can testify as to your earnings, especially any bonuses or commissions you earned.
Your Albany Car Wreck Lawyer May Need to Retain Expert Witnesses
To prove that your injuries will prevent you from working in the future, your Albany accident lawyer may need to present expert testimony.
An expert can testify about the nature and extent of your injuries and how they will affect your ability to work. The expert’s opinion will be based on their review of your medical records and other information about your case.
What Other Types of Damages Can Your Albany Car Accident Attorney Demand?
If you’ve been in a car accident, you may be able to recover damages for lost future income. Your Albany car accident attorney can demand these damages from the at-fault driver’s insurance company.
In addition to lost future income, your attorney can also demand some or all of the following types of damages:
- Medical bills
- Future medical bills
- Property damage
- Lost wages
- Pain and suffering
- Punitive damages (only in rare cases)
Not all plaintiffs are able to collect the various types of damages available. It all depends on the nature and extent of your injuries.
Contact an Experienced Albany Accident Lawyer for Help Today!
If you’ve been involved in a car accident, you may wonder if you’re entitled to certain damages. You may want to know if you’ll be compensated for lost future income and earnings. The experienced Albany car accident lawyers at Joe Durham, Jr., P.C. can help.
To prove damages for lost future income, your lawyer will need to show that the accident has caused you to lose earnings or earning capacity. This can be done by presenting evidence of your past earnings and demonstrating how the accident has impacted your ability to work in the future.
If you’ve been involved in an accident in Albany, Georgia, call our office at (229) 351-5320 and schedule your free, initial consultation. We can help you get the full compensation you deserve.
