Losing a parent in a wrongful death incident can impact a child emotionally and financially. Children may pursue compensation to help cover losses and provide financial security in the future. Understanding the types of compensation available is crucial for ensuring the child’s well-being.
Economic damages
Economic damages in a wrongful death claim compensate for measurable financial losses. Children may receive compensation for the loss of financial support that the deceased parent would have provided. This can include wages, benefits, and other forms of income. Additionally, compensation may cover funeral and burial expenses as well as medical bills related to the wrongful death.
Non-economic damages
Non-economic damages cover the more intangible effects of losing a parent. These damages include compensation for the loss of companionship, love, and guidance. Courts recognize that losing a parent can leave an emotional void that impacts a child throughout their life. Non-economic damages can also account for the emotional distress and suffering experienced by the child due to the loss.
Loss of inheritance
Children may also receive compensation for the loss of inheritance. This type of compensation considers what the child would have inherited if the parent had lived a full life. Calculations for loss of inheritance may consider the deceased parent’s income, savings, and potential to accumulate wealth over time.
Additional considerations
The type and amount of compensation awarded to children can vary depending on the circumstances of the case and state laws. Factors such as the age of the child, the relationship with the deceased parent, and the parent’s financial contributions all play a role in determining compensation. Consulting with a wrongful death attorney can help navigate these complexities and ensure that the child’s rights are protected.
Pursuing compensation in a wrongful death claim can help provide children with the support they need during an incredibly challenging time. Understanding the available options ensures they receive the care and stability necessary for their future.
