How Is Loss of Future Income Calculated?

In Georgia, the calculation of loss of future income in a wrongful death case is a complex process that involves examining multiple factors. Courts generally rely on experts like economists and financial planners to determine the appropriate amount. Several key components go into this calculation:

Who Can Claim Loss of Future Income?

In Georgia, the right to file a wrongful death claim is typically limited to specific individuals, and these same individuals are eligible to claim loss of future income. According to Georgia law, the following people have the right to file a wrongful death claim and pursue compensation for loss of future income:

Why Is Loss of Future Income Important?

For many families, the loss of future income represents the most significant financial loss associated with a wrongful death. It’s not just the income that the deceased was earning at the time of their death, but all the income they would have continued to provide for years or even decades. This is particularly important when the deceased was the primary breadwinner in the household.

Wrongful Death Archives

Q: What Is Loss of Future Income?

Loss of future income refers to the earnings the deceased would have likely made had they lived. When someone dies because of someone else’s negligence, their family not only loses the emotional support but also the financial contributions that the deceased would have made in the future. This can include wages, bonuses, retirement benefits, and other forms of income that the deceased would have earned throughout their career.

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