• Enable Allow Scriptlets
• Enable Binary and Script Behavior
• Enable Download Signed ActiveX Controls
• Disable Only Allow Approved Domains
• Enable Run ActiveX controls and Plug-ins
• Enable Script Activex Controls marked Safe for Scripting.

Initial attempts to download will navigate to different warnings and wind up with a download frame that shows name, type and from. 'Open' will produce one of our forms. The process becomes quicker and easier after the first document.]

All valuation systems share common report formats that track the sequences set out in the statutes. The system sections include

• New York 50A Award Worksheet
• New York 50A Verdict Worksheet
• Amended New York 50A Valuation Worksheet
• Original New York 50A Valuation Worksheet
• Original New York 50A Valuation Worksheet Indexed to 10-Year Treasuries
• Amended 50A Reports
• Original and Indexed 50A Reports

[ To use the demonstrators, click on the link to the left, then select 'Download' and 'Open' and, when the form appears, click 'Clear'.]

New York 50A Award Worksheet.

The Worksheet will display the elements of loss associated with 'Pre-Award' on the list. The same list also includes 'Award' (unused) and Collateral Source offsets.

To change the data for an element, select the element number and 'Recall'. To recall Collateral Source offsets, select it from the list and the offset name. The various components of the element or offset will appear. If the number associated with lost earnings is selected, a separate complex worksheet will appear. 'Summary' will produce lost earnings and tax data, 'Detail' will yield annual detail. To return to the complex worksheet, use 'Return' then 'Close' to return to the worksheet.

The elements can be changed, allocated between past and future, and reapplied. Loss of Services and Loss of Consortium are allocated between past damages and lump sums. The same is true of wrongful death elements of loss.

A verdict file can be created before 'Sum up Award'. If changes are made in a verdict, they are reentered into the Award, and a new verdict file generated.

'Sum up Award' produces a simple summary and extended reports. Net Wrongful Death Awards can be produced by application of expense and weighted fee rates.

New York 50A Verdict Worksheet.

On 'Clear', the Verdict worksheet will display the same elements of loss associated with 'Pre-Award' on the list excluding Collateral Source components and Tax Components except in 50A Wrongful Death cases.

In addition, a list of worksheet components will appear, including

• - A fully extended listing of Award elements including allocation to past damages.
• - A listing of Award elements and the components without full extension
• - A listing of Award elements
• - The payment schedules of periodic payments, including simple lost or impaired earnings. If extended lost or impaired earnings were employed in the Award, the weighted rate that produces the total of lost or impaired earnings is used in the payment schedule.
• - The payment schedule for discrete elements of loss.
• - The full payment schedule for extended lost or impaired earnings.

New York 50A Valuation Worksheets.

[Demos are not offered for valuation systems as their output is displayed in the Reports sections.]

There are three different valuation systems

Amended 50A reflects the calculation of lump sums specified in the statute, the further limitation on the Pain and Suffering future payment period, and the application of discount rates indexed to the 10-year Treasury.

Original 50A reflects the allocation of $250,000 in lump sums, the original limitation on the Pain and Suffering future payment period, and the application of individually selected discount rates for the different elements of loss.

Indexed Original 50A reflects the allocation of $250,000 in lump sums, the original limitation on the Pain and Suffering future payment period, and the application of discount rates indexed to the 10-year Treasury.

New York 50A Valuation Reports.

When 'Clear' is used, a list will appear that has 'Simple' and 'Pre-Award'. Upon selecting one, a second list will appear together with the Valuation Summary. That second list includes,

• - Negotiation Worksheet. This is a reconciliation of the future Award to the Net Discounted Award with adjustments. The adjustments are then totaled and used in reconstructing the Total Award. Finally, the various components of past damages are listed as are the cash amounts associated with future damages and total Awards.
• - A schedule of monthly payments by element by year.
• - A schedule of annual payments by element by year with overall totals.
• - A Schedule of discounted annual payments by element by year with overall totals.

If a Wrongful Death Award is processed, the 'Reports' section use the Award to generate an Award Summary that extends the undiscounted Award for expenses and fees and allocate them against the elements of loss..

The Reports sheet contains a sequence of commands including,

• 'Alter Variables'. This opens a section in which a user can select different index rates with which to discount the future Award, change first payment dates, change tax rates, add or remove Collateral Source offsets and reduce the impact of Collateral Sources.
• 'Show Impact' produces an Award Summary that reflects the changes being tested. 'Compare' shows the net changes from the original valuation for each successive change, and 'Record' makes the last changes the original valuation.
• 'Rate/Yield Cert.'. If an average is employed, a certificate is generated showing the various auction rates and yields, and weighting.
• 'Make an Offer'. (disabled in the Demo, as are 'Print' and 'Save') This produces a file that when imported to the Reports section will yield an offered Settlement with all of the associated reports. A similar vehicle exists in the Award section.
• 'Award Interest'.

In wrongful death cases, three distinct discounting sections are employed before pre-verdict interest is applied