by John Darer® CLU ChFC MSSC RSP CLTC
Smart lawyers representing clients in New York courts bring in qualified help for assistance with CPLR 50A or 50B calculations because they recognize that it's not an "off the cuff" type of thing.
Setting aside the complexities of what goes on post-verdict and depending on the case, there may be ALOT of juice in the statute that can be used by either side to gain leverage in settlement negotiations that may happen before or after a verdict. Having no support, or engaging a person who doesn't completely know what they are doing in this area, can be a weakness to the side that engages them.
There are numerous interdependent moving parts in CPLR 50B calculations.
You could run a calculation one way and then the attorney adjusts an expense number or the judge rules on a collateral source that affects many other numbers. If there's a bifurcated trial, or a wrongful death case, another set of calculations and permutations come into play.
New York CPLR 50B: It's Not Just An Annuity Quote!
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