I can't speak for Kansas WC law and how settlements are computed.
But try substituting your own figures into the following example.
30 years to retirement
Income 25000 x 30 = 750,000
12% of 750,000 = 90,000
The settlement theoretically should be the Present Value of the 90,000 at a reasonable rate of return.
Present Value is the amount of money you would need now to grow to 90,000 in 30 years.
Using 5% as a reasonable rate of return, the Present Value is 20823.97.
Here's the calculator:
I have not adjusted for inflation or potential raises because that would make the calculations too complicated for just illustration purposes.
True, an attorney might be able to get the 12% rating kicked up.
But there's no harm in waiting till you see what the offer is before seeing the attorney.
Once you get an offer, if you feel the need for an attorney, make sure you get a written contingency agreement based on any additional amount the attorney can get for you, not the whole amount.
You certainly don't want to pay the attorney 25% of money you already got offered on your own.
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