What is pecuniary loss?

 

A:

In a Texas wrongful death suit, pecuniary losses refer to money, or the financial loss. If a loved one has died due to the negligent actions of someone else, you can seek pecuniary losses for a wrongful death. Common pecuniary losses would include:

  • Medical bills
  • Funeral costs
  • Lost earnings
  • Care and other financial support the victim would have provided in the future

People who can seek this kind of compensation are usually limited to spouses, children, and sometimes parents. When it is determined how much money a family receives, they will usually look at what the person was making before they died and how much they had the ability to make in the future. This can be a bit more difficult when the victim was a child or an elderly person, as it's pretty hard to tell how much money a child would have been capable of making in the future, and an elderly person was probably retired and done working.  An experienced Texas wrongful death attorney will be able to look at your case and determine the best way to get the maximum compensation that your family deserves. 

Monetary awards may feel frustrating because they will not bring your loved one back, but they are also necessary to continue with your own life. Funeral costs need to be paid, lost earnings need to be made up, and you certainly should not have to be responsible when your losses are due to another person's negligence. 

If someone you love died due to the negligence of someone else, don't take matters into your own hands with a wrongful death claim. Contact Austin attorney Earl Straight today for a free consultation at 512-454-1331.