Finance and Law

Who Gets the Money in a Wrongful Death Lawsuit?

<p style&equals;"text-align&colon; justify&semi;">Mistakes happen&comma; and so does negligence&period; When the result of a mistake or <a href&equals;"https&colon;&sol;&sol;newsforpublic&period;com&sol;legal-definition-wrongful-death&sol;">negligence is death<&sol;a>&comma; a family can pursue a wrongful death lawsuit to hold the person accountable for their error or misjudgment&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">If someone close to you died recently&comma; you could pursue a lawsuit for this death&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">If you don&&num;8217&semi;t know a lot about wrongful death lawsuits&comma; it might be helpful for you to learn a few things about these cases&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">This guide will teach you about who gets the money in a wrongful death lawsuit&comma; how courts determine the value of the settlement and more&period; Keep reading to find out more about wrongful death lawsuits&period;<&sol;p>&NewLine;<h2>How a Wrongful Death Lawsuit Works<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">When a person dies due to someone else&&num;8217&semi;s mistake or negligence&comma; that person cannot do anything about it&period; His or her family can&comma; though&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">When a family decides to pursue accountability for the responsible party&comma; the family must initiate a <a href&equals;"https&colon;&sol;&sol;emrpilaw&period;com&sol;blog&sol;who-can-file-a-wrongful-death-suit-in-new-mexico&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener">wrongful death claim<&sol;a>&period; The family can sue for wrongful death and may win if there is enough evidence to back up this claim&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">The court takes these cases seriously&comma; but also requires proof&comma; facts&comma; and evidence&period; If you have these things&comma; you can likely win your case&period;<&sol;p>&NewLine;<h2>Who Gets the Money in a Wrongful Death Lawsuit<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">The person who receives the money from a wrongful death settlement is the person who files the claim or has rights to the claim&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">In New Mexico&comma; authorities first examine the deceased person&&num;8217&semi;s estate plans to find out who has rights to this money&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">If the deceased person has an estate plan&comma; the people listed as beneficiaries have the right to sue and collect money from a wrongful death case&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">If there is no estate plan in place&comma; the money typically goes to the person&&num;8217&semi;s spouse&comma; children&comma; or parents&period; It depends on the situation&comma; but anyone close to the deceased person should consider pursuing a wrongful death lawsuit&period;<&sol;p>&NewLine;<h2>Methods That Courts Use to Calculate the Value of a Case<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">The next thing you might wonder is how courts calculate the value of a wrongful death case&period; To determine the wrongful death compensation&comma; courts factor in many things&comma; including the following&colon;<&sol;p>&NewLine;<ul style&equals;"text-align&colon; justify&semi;">&NewLine;<li>The person&&num;8217&semi;s age<&sol;li>&NewLine;<li>The expenses related to the loss<&sol;li>&NewLine;<li>The value of losses related to the person no longer being alive to provide care&comma; duties&comma; income&comma; or services to the family<&sol;li>&NewLine;<&sol;ul>&NewLine;<p style&equals;"text-align&colon; justify&semi;">An experienced lawyer can help you determine the value of your case&period; This type of lawyer can also explain to you how courts payout wrongful death settlements&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">In many cases&comma; courts require <a href&equals;"https&colon;&sol;&sol;www&period;investopedia&period;com&sol;ask&sol;answers&sol;12&sol;what-is-an-annuity&period;asp" target&equals;"&lowbar;blank" rel&equals;"noopener">annuity payments<&sol;a> for the payouts&period; An annuity provides a stream of payments over time instead of receiving all the money at once&period;<&sol;p>&NewLine;<h2>How You Can Learn More<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">So if you are wondering who gets the money in a wrongful death lawsuit&comma; now you know&period; Wrongful death lawsuits can be complicated matters&comma; and you should never pursue a case like this alone&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Instead&comma; start reading articles about wrongful death claims and lawsuits and talk to an attorney&period; You can check out the rest of our blog for more information&comma; too&period;<&sol;p>&NewLine;

Hardik Patel

Hardik Patel is a Digital Marketing Consultant and professional Blogger. He has 16+ years experience in SEO, SMO, SEM, Online reputation management, Affiliated Marketing and Content Marketing.

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