Settlement value calculations combine economic losses, non-economic damages, and beneficiary relationships under Florida’s wrongful death statute.
1. Lost Earnings and Benefits: Attorneys calculate deceased’s projected lifetime earnings, retirement benefits, health insurance, and employment perks based on work history and life expectancy.
2. Lost Support and Services: Legal teams quantify household contributions including childcare, home maintenance, financial management, and daily assistance the deceased provided to survivors.
3. Medical and Funeral Expenses: Calculations include final medical bills, hospital costs, emergency treatment, funeral arrangements, burial expenses, and memorial services paid by the estate or family.
4. Loss of Companionship: Non-economic damages include loss of companionship, mental pain and suffering, loss of parental instruction and guidance, and protection.
5. Estate Net Accumulations: Attorneys project what the deceased would have saved and accumulated over their lifetime, representing lost inheritance for beneficiaries.
6. Liability Strength: Settlement values increase when clear evidence proves defendant negligence, witness testimony supports claims, and accident reconstruction confirms fault.
7. Insurance Policy Limits: Available coverage caps potential recovery, though attorneys pursue multiple policies and personal assets when damages exceed primary insurance limits.
8. Comparative Negligence Impact: Florida’s modified comparative negligence bars recovery if the deceased was more than 50% at fault, and reduces damages by their percentage of fault if 50% or less.