When trying to assess the value of a wrongful death case, the key factor to consider is what the decedent's future earnings likely would have been.
Therefore, an older person, especially one who already has retired from being part of the workforce, would not likely command as much as an active CEO or business-owner.
A great number of other factors also will play a role in what a judge or jury decides is a just payout for the family of someone whose life was taken by the negligent actions of another.
As such, we encourage you to call or e-mail our office if you are contemplating the filing of a civil lawsuit against either a corporation or an individual who acted in a reckless or irresponsible manner and that behavior led to the death of a family member or other loved.
Our office takes enormous pride in championing the rights of the survivors of those killed by the negligent actions of another -- and we do everything possible to ensure our clients receive the maximum payout when it comes to wrongful death lawsuits in South Florida.
How Are Future Damages Calculated In A Florida Wrongful Death Case?
Future damages take into account future losses.
What's important there is determining what that person's life expectancy might have been in terms of calculating what that person's lost wages in the future may have been or any kind of lost benefits such as a pension that would be paid out to a surviving family member.
Present value is basically a discount as far as how much money gets awarded.
Future losses get awarded as a lump sum payment now, but it's reduced as far as present value is concerned.