Home > Considering loss of income in a wrongful death claim, will the amount be based on my loved one’s income or the standard of living?

Considering loss of income in a wrongful death claim, will the amount be based on my loved one’s income or the standard of living?

There are several factors to determine value of life in a wrongful death claim. Talking with a fatal accident attorney in Aurora can help you understand how loss of income will be figured in your case. It is determined not by the standard of living, but on earned income and expected future earnings. Other losses are considered as well.

Loss of Income in a Wrongful Death Claim

In calculating loss of income, it is generally based on expected lifetime earnings. In some cases, it might even take into consideration promotions or pay increases.

However, income is more than just the salary earned until retirement, you may also be able to recover:

  • lost benefits;
  • retirement contributions;
  • pension; and
  • 401(k).

In addition to considering the factors to determine the value of life in a wrongful death claim, other damages may be recoverable as well. The cost of hospitalization, treatment and other medical care may be recovered, for example. If you will now be required to hire someone for childcare or housework, the cost of those services may be included.

There are emotional losses that can also be addressed in a claim, like:

  • loss of parental guidance;
  • loss of companionship; and
  • mental anguish.

In addition, you may be able to recover reasonable funeral expenses. There are a variety of losses and expenses incurred that could be addressed in your case, so don’t hesitate to seek consultation with a fatal accident attorney in Aurora. After a traumatic accident like a wrongful death, the last thing you want to deal with is the paperwork that comes with filing claims.

Consulting with a Fatal Accident Attorney in Aurora

To fully understand your legal rights when you have lost someone you love as a result of negligence, contact D.J. Banovitz at 303-300-5060. A fatal accident attorney in Aurora can review the various factors to determine the value of life in a wrongful death claim.