Our Attorneys Discuss the Loss of Future Earnings After a Wrongful Death

If your loved one dies as a result of the negligence of another, do you know what kind of compensation you’re entitled to? If your spouse has tragically died because of an unfortunate accident, are you worried about providing for your family’s future? The experienced Texas wrongful death lawyers at our Law Office understand your worry during this difficult time and will seek to provide just compensation for your loved one’s loss of future earnings.

What Does Loss of Future Earnings Mean?

Loss of future earnings is the money the spouse, children, or another financial dependent would have received had the provider not died. Only one of the damages can be sought in a Laredo wrongful death case. It can be a difficult value to compute to ensure that you receive just compensation for your loved one’s lost income. Courts can often interpret the loss of future earnings in a wide variety of ways, so having competent legal help on your side is of the utmost importance.

Problematic Issues in Calculating Loss of Future Earnings

Let’s suppose that your loved one was 30 years old at the time of their passing and was then making $50,000 per year. With an estimated 35 more years of possible working potential at the same pay rate, the base value of future lost income would be $1.75 million. Due to many variables, calculating the loss of future earnings is seldom this straightforward. For example, would your loved one have never gotten a raise? Surely that should be factored in as well. What about inflation?

Defendants at fault will seek to reduce their payouts by trying to base the final value on the market fluctuations during the victim’s possible working future. The competent Laredo wrongful death attorneys at our Law Office can help the opposite occur by seeking to raise the base value of the suit based on former cases and testimonies of witnesses. Essentially, our attorneys help to prove that your loved one would have most likely received a promotion or a raise as part of their future earning potential.

Certain cases can be even more troubling. What if your loved one had been working at a restaurant as a waiter to pay for the medical school that they were also attending and suffered a fatal accident before becoming a doctor? Should loss of future earnings be based on their hourly wage as a waiter or their future wages earned as a potential doctor? The wrongful death lawyer at our Laredo Law Office know the intricacies of presenting such a case while keeping an eye on making sure you receive fair compensation for your loved one’s future, and rightful earning potential.

Losing a Loved One Doesn’t Have to Mean Loss of Future Earnings

Proving a fair amount of potential earnings on behalf of the bereaved is typically a complex issue best left to capable attorneys. Our Law Office seeks to mitigate prolonged future pain as a result of possibly not receiving just compensation for your loved one’s loss of future earnings by seeking to show their most likely future earning potential.

With over 30 years of experience in such cases, we are amply prepared to prove your case and show the courts why you and your family are entitled to just compensation. Lessen your worry about your family’s future by contacting our wrongful death attorneys. We are here to help you in your time of need.