In a wrongful death claim, you may be entitled to economic damages. This encompasses more than your loved one’s lost wages. Find out what you should include.

Determining Economic Damages in a Wrongful Death Case Can Be More Complicated Than You Think


Blog Category:
8/3/2017
Comments (0)

If you must file a wrongful death action following the death of a loved one, you may be entitled to economic damages to compensate you for your financial losses. While an economic loss claim can include property damage, the biggest amount of this claim would be to compensate you for the future lost wages that you will not receive due to your family member’s death. In order to ask for what you deserve in settlement of your claim, you need the assistance of an experienced wrongful death attorney who understands what is included in this type of claim and how to determine its worth.

What Is Included in a Future Earnings Claim?

The value of your economic claim will depend on many factors, such as the age of your family member, his educational level, and his career. In general, you may be able to ask for these types of damages as part of your claim:

  • Lost wages. In determining the lost wages you are owed, an economic expert will most likely be needed. He would examine your loved one’s current income and the potential income that he could earn in the future, taking into account raises and promotions that he may have received, as well as how many more years he could be expected to work.
  • Employee benefits. Employee benefits, such as health care benefits, should also be included in the amount of economic damages you request. Vacation and sick pay benefits may also be added in unless they are included in your loved one’s gross wages.
  • Retirement benefits. If your family member would have been entitled to a pension or employer contributions to his 401(k) retirement account, the value of these retirement benefits will need to be calculated and included in any settlement you accept.
  • Social security. Calculating the amount of social security your loved one would have received can be complicated because it will be affected by factors, such as his age, marital status, and work history.

An experienced wrongful death attorney will have a network of qualified economic experts that he could retain to assist in calculating the value of your economic damage claim. If you need to file a wrongful death claim due to the death of a family member, we are here to help. Fill out our online form to schedule your free consultation.



Category: Wrongful Death

Labels:

There are no comments.

Post a comment

Post a Comment to "Elements of Economic Damages in Wrongful Death Claims"

To reply to this message, enter your reply in the box labeled "Message", hit "Post Message."

Name:*

Email:* (will not be published)

Message:*

Notify me of follow-up comments via email.