How Are Wrongful Death Settlements Paid Out?

Dealing with the death of a loved one is an extremely painful part of life. The process of mourning is often long and fraught with uncertainty and pain.

This process is made even worse in the case of a wrongful death. A wrongful death is defined as a death caused by the wrongful act of another, whether this accidentally or intentionally. When a life is cut short in the case of wrongful death, it can be even harder to achieve closure in the face of life’s unfairness.

The process of mourning can be even further complicated by additional factors such as medical expenses or lost income if the person who lost their life was the main contributor to your household income. There are also the additional costs of funeral and burial arrangements to be considered. Financial strains such as these can make an already unstable time in your life become entirely overwhelming. This is where the compensation available through wrongful death settlements can help you through the process.

If you have recently lost a loved one to a wrongful death, The Law Place can help to make sure that you are paid the compensation you deserve. We offer a free consultation over the telephone, and our lines are open 24 hours a day, seven days a week. Call us on (941) 444-4444 today!

How Long Does It Take to Get Paid Following a Wrongful Death Settlement?

Due to a number of factors, you may be anxious to know exactly how long after the case the compensation payout for your wrongful death settlement will arrive. Medical expenses lost wages or costs incurred along the process may be playing on your mind. You may also be eager to get the closure from the conclusion of your case and begin to move forward and mourn the loss of your loved one free from legal complications.

Most wrongful death settlements finalize within six weeks of the conclusion of the case. However, this is not a hard and fast rule. There may be things that slow the process, such as delays in signing the release documents or clerical errors by your insurance company.

If it has been more than six weeks, and you feel that the settlement from your wrongful death lawsuit is taking too long to be paid, we would advise getting back in touch with your lawyer. You and your family members deserve to have your closure and peace of mind prioritized.

For a free legal consultation, call 941-444-4444

Where Does the Compensatory Money Come From in a Wrongful Death Lawsuit?

Compensation from wrongful death cases comes from the estate of the one who caused the wrongful death or the injury which led to it.

While this can feel as pressurized as accusing someone of a murder, a wrongful death case is actually a civil lawsuit, rather than a criminal lawsuit. The fault of the defendant is expressed entirely in the monetary compensation contained in the settlement.

How Much Compensation Can I Expect From My Wrongful Death Settlement?

Money may be the furthest thing from your mind in the event of the wrongful death of a loved one. However, it may also be essential to cover the costs of any medical treatment for an associated injury or simply for keeping your surviving family members financially afloat through these turbulent times. The time following a personal loss is fraught with uncertainty, and being paid the maximum compensatory settlement will make it simpler for you to focus on the things that truly matter.

Wrongful death settlements vary in value, depending on a number of factors. These factors include:

• The relationship of the deceased to the one who is making the wrongful death claim.
• The monetary value of the deceased’s income.
• The non-monetary value of your lost loved one. This is usually calculated by looking at the degree of emotional distress and the impact on your family dynamic.

On average, wrongful death cases achieve a settlement of around $500,000. However, this is in no way the maximum that can be paid. Some wrong death settlements can be valued much higher. For a more accurate estimate of the value of your case, contact one of the personal injury lawyers at The Law Place today. We will offer you a free consultation in order to give you a specific estimate for your personal situation.

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Are Wrongful Death Settlements a Matter of Public Record?

Here at The Law Place, we understand the importance of privacy. In the case of wrongful death settlements, whether or not they become a matter of public record depends on how the settlement is achieved.

If the wrongful death settlement is reached between the two parties in private, then the amount paid in the settlement remains private as well.

However, the exception to this would be if the two parties cannot agree in private. If the wrongful death case is taken to court, then all records are then made available to the public. These records include the monetary value of wrongful death settlements.

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Contact The Law Place Today

If you are considering taking action to achieve compensation for a wrongful death, The Law Place is here to help you.

Navigating the complexities of Florida’s laws can be an overwhelming process. Fortunately, our law firm has over 75 years of combined experience in dealing with wrongful death claims and can ensure that you are paid the amount of compensation you deserve.

Our personal injury lawyers are here to guide you through the process of achieving compensation for the wrongful death of your loved one. We go above and beyond to ensure that our clients receive the best representation possible.

When choosing from the vast amount of law firms available to you, it is important to be safe in the knowledge that you will be treated ethically and with the respect and sensitivity that your situation deserves. Here at The Law Place, we can offer you a free consultation and give you honest and unbiased advice on which is the most appropriate course of legal action for your situation.

The Law Place is available for free telephone consultations at a time that is convenient for you. We are open to calls 24 hours a day, seven days a week. You and your family deserve to be safe in the knowledge that you are going to receive the best representation available to you. If you have any questions or are seeking a free evaluation of your case, call us on (941) 444-4444 today.

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