Any award you may receive for future medical care must be reduced to present value. Present value is the value in today’s dollars of the amount of money that you could earn in the future if you invested your award. An economist who is familiar with interest rates and long-term investments is the best way for you to show the present value of your medical damages.
If you would like more information on this subject please speak with your team at Swopel, Rodante P.A. to schedule a discussion on how this may impact you.