Economic Damages

When there is a wrongful death the surviving spouse and family members are left with a void. Be it an emotional or economic one, it is now missing. economic-damages In a wrongful death claim, economic damages are – the sum of money that compensates beneficiaries for their pecuniary loss

One of the scariest things to face after the unexpected death of a spouse or family member is how am I going to survive financially? Who is going to replace the income that person made for the family?

The legal system has in place laws that help fill the economic void left after a wrongful death. The law refers to this as economic damages. In a wrongful death claim, economic damages are – the sum of money that compensates beneficiaries for their pecuniary loss.

Pecuniary loss means the loss that is suffered by the beneficiaries (the surviving spouse and family members) that can be measured by a monetary value. This includes the financial support and assistance the beneficiaries might reasonably have received from the decedent from earnings had the decedent lived a natural life, and, an amount the decedent might reasonably have left to the beneficiaries. That amount is also described a loss of prospective inheritance.

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Explaining all of the economic losses is necessary so that survivors can obtain a fair settlement or verdict. The lawyers at the DiCello Law Firm have extensive experience working with experts in wage loss and economics necessary to help fill that void left from the wrongful death of a loved one.