If someone you love has died from wrongful death, you have the right to file a civil suit.
When you pursue a wrongful death lawsuit, you must talk to a lawyer who knows what to look for. The lawyer will take down the details of your case and help you seek justice for your loved one’s death.
Interested in learning more? Below, we’ll walk you through who gets the money in the wrongful death lawsuit. Keep reading to learn more.
Beneficiaries
The money awarded in a wrongful death lawsuit is generally intended to compensate the surviving family members who have suffered losses due to the death. Common beneficiaries may include the deceased person’s spouse, children, and parents. And sometimes other dependents or individuals who were financially dependent on the deceased.
In such a complex and emotionally charged situation, having a knowledgeable and experienced lawyer on your side is crucial. Make sure to check out the lawyers in Greenville, SC. They will protect your rights and pursue the very best possible judgment on your behalf.
Damages
The compensation awarded in a wrongful death lawsuit can cover various types of damages. These can include medical expenses incurred before a person’s death, funeral or burial expenses. Also, the loss of financial support the deceased would have provided the family.
Non-economic damage may include compensation for emotional pain, suffering, and loss of companionship. Moreover, loss of guidance or support that the family members experience due to the death.
Distribution
The court typically determines the distribution of the monetary award. In some cases, the court may specify how the money should be distributed among the beneficiaries. Family members and their legal representatives may agree on a distribution plan.
If there are no surviving family members or beneficiaries, the damages may become part of the deceased person’s estate. The money could be used to settle debts and cover funeral expenses.
Insurance and Taxes
In many cases, the compensation for wrongful death comes from insurance policies. The insurance company is typically responsible for paying damages up to policy limits.
The tax implications of a wrongful death award can vary depending on the jurisdiction and the nature of the compensation. For example, wrongful death compensation is often not taxable in the United States. However, consulting a tax professional for guidance specific to your situation is essential.
The Importance of Knowing State Laws in Wrongful Death Cases
Who has the right to file a civil suit? Who gets the money in a wrongful death lawsuit? The distribution of compensation in a wrongful death lawsuit can be a complex and emotional process.
It is important to consult with an experienced attorney to fully understand your rights and options. If you have lost a loved one due to the negligence of another, don’t hesitate to seek justice and fight for the compensation you and your family deserve. Contact a trusted attorney today to discuss your case and take the first step toward closure.
Did this article help you? If so, take a look at some of our other blog posts for more informative reads.
