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What is the economic impact of wrongful death?

The wrongful death of a loved one is disheartening, overwhelming, tragic and emotional. Losing a loved one is hard enough. Losing a loved one due to the negligence of someone else is unbearable. Not only did you lose your loved one, you likely also experienced some sort of financial loss. So, what is the economic impact of wrongful death on the victim's surviving family?

The economic impact of a wrongful death is major. For starters, the medical bills alone can put you in debt, especially if the incident did not cause immediate death. The longer your loved one was in the hospital prior to dying, the higher your bills will be for surgeries, tests and other medical care.

Your finances will take a big hit due to the lost wages of your loved one. These lost wages begin piling up the minute your loved one is involved in the incident. That's why a wrongful death lawsuit can help you recover this money, which will include payments up to the day he or she would have retired from the job they held at the time of their death.

Wrongful death can also impact you economically with your own job. If you are now a single parent you might not be able to work anymore. This can hurt you financially now that you've technically lost two salaries.

Wrongful death is a painful experience for all involved. It can be something you never recover from in life. How do you make it past the loss of a loved one due to someone's negligence? How do you recover financially? It's best to file a wrongful death lawsuit in Milwaukee in order to move forward in life.

Source: FindLaw, "Wrongful Death Overview," accessed Jan. 26, 2018

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