Two
Loss of Future Earnings in a Wrongful Death
Compensation for Lost Future Income In a Texas Wrongful Death Suit
When a the family member of a deceased accident victim pursues a wrongful death suit, one of the damages he or she may be entitled to is loss of future earnings. This term represents the amount of money the victim would have earned, had he or she continued working.
Calculating loss of future earnings can be complex as there are multiple factors to consider. On a basic level, it involves multiplying the victim’s yearly salary at the time of death by the victim’s work expectancy (the number of years the victim might have continued working).
But this value is often reduced to present value. Present value attempts to account for changes in the value of the dollar over the course of the victim’s estimated work expectancy. The plaintiff's attorneys will often rely on the testimony of an expert witness who will help them highlight additional money that the victim may have earned by way of receiving raises, promotions, etc.
If you are filing a wrongful death suit, contact the experienced Dallas wrongful death attorneys of Grossman Law Offices. We have twenty years of experience in making sure our clients receive fair compensation for their loss of future earnings and we can help you recover all that you are entitled to in your wrongful death suit.
What is the process for attaining future earnings?
How is future earnings compensation calculated?
How do you calculate loss of future earnings in a Texas wrongful death suit?
$2,000,000.00
$775,000.00
$25,000.00
$400,000.00
$132,000.00
$25,000.00
$250,000.00
$82,500.00
$10,000.00
$150,000.00
$50,000.00
$341.00
$300,000.00
$132,000.00
$0.00
$95,035.00
$31,678.00
$25.00
$625,000.00
$206,250.00
$5,000.00
Confidential
Confidential
Confidential
$100,000.00
$33,133.00
$400.00
$97,500.00
$48,750.00
$0.00
$1,000,000.00
$333,333.00
$0.00
Confidential
Confidential
Confidential
$550,000.00
$220,000.00
$25,000.00