When a loved one tragically loses their life due to another party’s negligence or wrongful actions, the emotional and financial toll on the surviving family members can be overwhelming. Calculating damages in wrongful death cases involves a thorough understanding of both economic and non-economic losses.
This blog explores the intricacies of these calculations, and the pivotal role Memphis wrongful death lawyers play in seeking justice and compensation.
Valuing Economic Damages
The term “economic damages” describes the measurable monetary harm caused by wrongful death. These damages include finances and future effects on finances, making their calculation quite simple. Key components include:
1. Medical Expenses: Costs incurred for medical treatment before the deceased’s death, including hospital bills, surgeries, and medications.
2. Memorial and Interment Costs: Funeral services, interment, or cremation expenses.
3. Lost Income: The projected earnings the deceased would have provided, including salary, bonuses, and benefits.
4. Loss of Services: The value of services the deceased provided to the household, such as childcare, home maintenance, and caregiving.
5. Loss of Inheritance: Potential inheritance that would have accumulated if the deceased had lived an entire life.
Evaluating Non-Economic Damages
Non-economic damages are more challenging to quantify since they involve intangible, non-monetary losses. These damages address the emotional and psychological effects on the surviving family members. Critical aspects include:
1. Physical and emotional Suffering: The emotional distress and grief experienced by the family.
2. Loss of Consortium: The deprivation of the deceased’s companionship, love, and affection.
3. Loss of Guidance: The impact on children who lose parental guidance and support.
4. Mental Anguish: The profound emotional suffering resulting from the loss.
The Role of Memphis Wrongful Death Lawyer in Calculating Damages
Memphis wrongful death lawyers who handle wrongful death cases are crucial in accurately calculating economic and non-economic damages. They collaborate with experts such as economists, medical professionals, and psychologists to build a comprehensive case. Here’s how they help:
1. Evidence Gathering: Collecting and preserving all relevant documentation, including medical records, employment history, and financial statements.
2. Expert Testimony: Engaging experts to provide testimony on the projected financial impact and the emotional toll on the family.
3. Legal Strategy: Formulating a strategy to present a compelling case that accurately reflects the extent of the losses.
4. Negotiation: Negotiating with insurance companies and opposing parties to secure a fair settlement.
5. Litigation: Representing the family in court if a fair settlement cannot be reached through negotiation.
How A Memphis Wrongful Death Lawyer Can Help
Hiring a wrongful death lawyer is crucial for navigating the complexities of these cases. These Memphis wrongful death lawyers have extensive experience handling similar claims and a deep understanding of the legal nuances. They provide invaluable support and guidance throughout the process, ensuring families receive the compensation they deserve.
Contact a Wrongful Death Lawyer in Memphis Today
Calculating economic and non-economic damages in wrongful death cases is a complex but essential task to ensure that the surviving family members are adequately compensated for their loss. With the legal guidance of wrongful death lawyers in Memphis, families can seek justice and find some measure of solace in the wake of their tragedy. If you have lost a loved one due to wrongful actions, consulting with a skilled Memphis wrongful death lawyer at Carlos Moore Law Group is a critical step in protecting your rights and securing the compensation you need to move forward.
