What are Future Damages in a Wrongful Death Case?

After the wrongful death of a family member, damages awarded in a personal injury claim are meant to cover any losses that resulted from the family’s loss. There are many different types of losses that a family can suffer as a result of a wrongful death, from medical expenses and hospital bills, to funeral costs, loss of pension, loss of social security benefits, and much more. If you have just recently lost a loved one in a wrongful death accident, contact a personal injury lawyer as soon as possible to learn your rights to pursuing legal action against the negligent party or parties and their insurance carriers. You and your family could be entitled to certain future damages.

Continue below to review what future damages are and where to find trusted legal counsel near you.

Indianapolis Indiana Wrongful Death Lawyer
Indianapolis Indiana Wrongful Death Lawyer 317-881-2700

Wrongful Death Claims

In a wrongful death case, certain family members can file a claim for compensation to cover their direct losses, such as medical bills and funeral costs. These are easily calculated because they are direct financial payments that were made as a result of wrongly losing a family member. However, many families of wrongful death victims will qualify for other types of damages, such as future damages, which can be more difficult to quantify, yet deserve compensation, nonetheless.

Future Damages and Present Value

The most common future damages awarded in wrongful death cases are loss of future wages, loss of retirement benefits, and loss of pension. These damages can be calculated, and then added to a current settlement in present value. Present value is the total amount of compensation for current and future losses, but in today’s dollar value. Fifty years ago, a dollar had more value than it does today, so the same principal applies to present value calculations. Present value estimations must take into consideration certain factors in order to develop an accurate amount of compensation, such as interest rates, tax credits, inflation, and similar economic influences.

Such legal concepts are not easily understood by anyone not in the legal profession. It is important to discuss all of your questions and concerns with an Indiana personal injury attorney who specializes in wrongful death claims. We have the knowledge, skills, and professional resources to explain your case in a language someone can easily understand. If you have a good case, we will work hard to recover the maximum settlement or verdict for your claim.

Indiana Wrongful Death Lawyers Who Will Obtain the Settlement Your Loved One Would Want You to Have

Call the Law Office of Craven, Hoover, and Blazek, P.C. at 317-881-2700 to schedule a free initial consultation with an experienced wrongful death lawyer in Indianapolis, Indiana. Seasoned lawyers, Daniel Craven, Ralph Hoover, and Keith Blazek can help you recover the full and fair compensation you deserve after losing a loved one in a wrongful accident. Call 317-881-2700 to get started today.

Indianapolis Personal Injury Lawyers 317-881-2700
Schedule a Free Consultation!

Will I Be Compensated for PTO and Sick Days in My Personal Injury Claim?

After being injured in an accident that wasn’t your fault, you may be forced to miss work as your recover. In fact, you may be forced to use your Personal Time Off (PTO) or accrued sick days to maintain your employment while also maintain a stream of income during your recovery. Is this fair, though? Many personal injury victims want to know if they can include their lost wages, as well as their PTO, as part of their claim.

Continue reading to learn the answer, as well as, some important information about collecting general damages in a personal injury lawsuit.

Indiana Personal Injury Attorneys 317-881-2700
Indiana Personal Injury Attorneys 317-881-2700

Whether you are taking days of from work for rest, doctor’s appointments, or medical treatments and therapies, the law says you can include PTO and sick days into your personal injury claim. In fact, victims are likely to be compensated for such losses, including lost wages and income, PTO, sick days. To understand just how victims might be eligible for receiving compensation for their lost wages and personal time off, it helps to understand economic damages. You see, in a personal injury claim, the losses suffered by the claimant are referred to as “damages”, which can be either economic or non-economic.

Economic Damages

Economic damages, also known as special damages, are financial losses that can be calculated. Losses that can be defined by an actual dollar amount and redeemed through financial compensation include hospital bills (i.e. hospitalization, ambulance transport, anesthesia, emergency room services, surgeries, doctor care, x-rays, MRI’s, etc.), medical expenses (i.e. physical therapy, medical equipment, medication, etc.) lost wages from time off work, property damages, lost benefits from spouses death (i.e. insurance, veterans benefits, etc.), in-home nurse, and anything else that was a direct financial loss to the victim or their family.

In contrast, non-economic damages are more difficult to assign a dollar amount to because they are not tangible monetary losses. Examples of non-economic losses include pain and suffering, mental anguish or illness (i.e. depression, anxiety, etc.), loss of companionship (i.e., wrongful death, brain damage to a loved one, paralysis of a loved one that changes or limits the relationship, etc.), long-term medical care or medication dependencies, diminished quality of life, permanent disabilities, loss of ability to work, and more.

PTO Compensation

Since Personal Time Off is an exact number, it can be calculated, and therefore, categorized as an economic damage. This means that personal injury victims can include PTO, as well as all other types of lost wages, as part of their accident claim. If you had to use your personal time off to recover from a personal injury, you were forced to take a loss that you didn’t intend on taking, making you eligible for such compensation. Your only duty is to ensure that you can prove it through valid documentation, including doctor’s orders, statements from your employer, medical appointments, and more.

Talk to a Trusted Indiana Personal Injury Attorney for Advice Regarding Your Accident Claim

Call the Law Office of Craven, Hoover, and Blazek P.C. at 317-881-2700 to make a personal injury or wrongful death claim in Indiana. Our seasoned Indianapolis personal injury attorneys maintain a concentrated focus on accident and injury law, and have extensive trial and litigation experience with a written track record of success. Not only do we offer free initial consultations, we never collect lawyer fees unless we recover a settlement or judgment for you. Get started by scheduling your consultation, today.

Indianapolis Personal Injury Lawyers 317-881-2700
Schedule a Free Consultation!