Loss of Future Income in McKinney Wrongful Death Claims

Factors Influencing Loss of Income in McKinney

Loss of future income is calculated in McKinney and throughout the state of Texas by looking at the income that the deceased person would have earned over a normal lifetime. An accurate calculation should include not just the cash but the full value of the income, which includes any of the benefits that the person would have earned, such as a 401K and health insurance.

The beneficiaries of a wrongful death claim may only recover income that they would have received from the time that person died until the period that they would stop receiving such support. For example, the child of a deceased individual may only recover compensation for the income they would have received until the end of parental support.

In many situations, that lost income may continue after the child is older than 18. Perhaps the child was still in college or is a young adult whose parents were continuing to financially support them over a period of time so they could establish their own independence. If one can show that support, then they should be able to make a good claim for loss of support during that time period.