How Is Death Compensation Calculated?

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How Is Death Compensation Calculated?

When filing a wrongful death suit, it can be extremely difficult to determine what the amount of compensation should be.  How can one possibly calculate all of the various expenses that accompany a person’s death, as well as what types of income are gone because of that person’s death?  Compensation owed for a person’s death is dependent on several factors, including funeral expenses, medical expenses, loss of support, loss of companionship, and much more.  So how does one go about calculating what their wrongful death suit should be worth?  We’ve compiled a few different aspects that need to be taken into account when considering how death compensation is calculated.

How Is Death Compensation Calculated?

The Costs Associated With Death

If a wrongful death lawsuit is being put together, some of the first expenses that will be incurred that need to be calculated when determining compensation are the costs associated with their death.  This can include medical costs, funeral costs, burial or cremation costs, and any other expenses involved with putting them to rest.  It is important to keep track of all of the expenses that otherwise would never have been incurred if not for this person’s death.

 

Monetary Losses After Death

Another aspect of wrongful death lawsuits that many often don’t consider are the losses of income that occur only because of that person’s death.  This can include support for a family such as the death of the person that was the main income earner, taking care of a spouse and/or dependents.  Additionally, there are monetary losses included with the loss of companionship whether it be for a spouse or children.  It is very important to review all of the ways that the person’s death will directly affect those that that person was providing support to, both financially and otherwise.

 

If you have recently experienced the wrongful death of a loved one, and are unsure of the compensation you are owed, contact us today.  We are happy to help you through this difficult time and will be able to calculate the various ways that you should be compensated.