If you have experienced the death of a family member or loved one, an attorney can help you pursue and collect financial compensation for…
- The loss of companionship
- The amount of money earned by the deceased
- Medical and funeral expenses
- Mental anguish and suffering
- The financial value of the services the deceased would have provided for their child’s education and maintenance
- Punitive damages
How does a court determine what a person’s future earnings would have been?
A life expectancy table is used to accurately estimate the future earning potential of the deceased. The estimated earnings at the time of death are multiplied by the number of expected remaining years of earning, up until the age of retirement. Retirement benefits are determined in accordance with a life expectancy table. Once a number has been deduced, it is reduced to equal the amount it would be if the money were conservatively invested.
