THE BURBANK GROUP

    New York 50A Calculator;<    /nobr>;Home     New York 50B Calculator

Access Programs Full 50B 50B Orig. Value 50B Indexed Value 50B Reports 50B Verdicts and Awards 50B Demos Site Certificate Extended Data Req'ts Simple Data Req'ts Service and Support Terms of Use		While the development and valuation processes are fairly intuitive and there is instruction throughout the programs, it is still something of a cumbersome process for the occasional user. For that reason, we recommend use of our services rather than our programs. We provide training for those who have extensive and recurring needs, can offer continuing support and will even provide and update dedicated sites for those who feel qa need to directly identify the product with their organization. Extended New York 50B System - An integrated system for developing and valuing Awards under Article 50B. The sections are Award Development [Processes personal injury and wrongful death claims under original and amended New York 50A] Valuation. [Processes personal injury under original and amended 50A] Valuation Reports [Processes personal injury and wrongful death claims under original and amended New York 50A] Record and compile case information and Valuation data by element of loss. If the Award system is employed, the Award file would contain the data and be utilized by the Valuation. The valuation data includes first payment date, duration of future damages, first payment date and current amount, cost Inflation increase percentage if first payment is more than a year in the future and a separate (Cost of Living) percentage for years beyond the first payment year. Lost or impaired earnings are simple projections, as with other periodic elements. Discrete items of loss (lump sum payments) can be incorporated either as individual events or as a sequence of discrete events separated by annual periods in excess of a year. Discrete items are automatically converted to periodic (monthly) events for valuation.   If used, taxes can either be separate local, state and Federal taxes paid in the past 1 to 3 years, or separate local, state and Federal tax rates applied to different percentages of income on either a simple or pooled basis (lower level taxes paid reduce income against which tax is applied at next level). Collateral Source offsets can be incorporated into the Valuation, including first payment dates and amounts, maintenance expenses for the two years prior to loss, continuing maintenance and any COLA normally associated with the loss. In addition, if the Collateral Source offset relates to lost or impaired earnings and taxes are applied against those lost or impaired earnings, an option exists to reduce the impact of taxes for total collateral source payments. In addition, Expenses and fees can be applied against element loss before Collateral Source offset by reducing the value of the offset for expenses and fee. There are two valuation modules under 50B The Original 50B Valuation Worksheet where individual discount rates can be assigned to elements of loss. Indexed 50B Valuation Worksheet where the 10-Year Treasury rate is selected and the system calculates and applies the rate based on the period of future payments. Contact Information Telephone (908) 955-4661 Postal address P.O. Box 462, Chester, NJ 07930 Electronic mail General Information: CompanyEmail:mail@burbankgroup.com Structured Settlements:burbss@burbankgroup.com  Export Support:burbexport@burbankgroup.com  Webmaster: jgille@burbankgroup.com      Copyright � 1998-2008 The Burbank Group Last modified: January 8, 2008