Settlement Funding for Wrongful Death Cases
Fair Rate Funding helps clients obtain immediate cash for their wrongful death lawsuits, prior to settlement. These financial transactions are known as wrongful death lawsuit loans.
What is a Wrongful Death Lawsuit?
If the negligence of another caused a loved one to pass away; there is a law to compensate plaintiffs looking for compensation. There are wrongful death statutes in many jurisdictions. A wrongful death case is a lawsuit brought by the surviving family members or personal representative of a person who has died as the result of intentional homicide, accident, injury, medical malpractice, or negligence of another person.
While it may be difficult to quantify the value of a person’s life, wrongful death lawsuits attempt to provide some sort of compensation to surviving relatives. Since surviving spouses and family members must carry on with life and all its burdens, monetary recovery can at least ease some financial strain.
How Do Courts Calculate Damages in Wrongful Death Lawsuits?
Calculating the loss considers many case-specific factors. Some factors might include:
- Age and health at the time of death
- Earning capacity
- Medical treatment prior to passing
- Lost income
- Funeral expenses
Other factors to consider are more subjective since they involve non-economic damages such as:
- The family’s loss of love, companionship, care, and comfort
- A spouse or partner’s loss of enjoyment of intimacy (loss of consortium)
- The decedent’s pain and suffering before death
Do You Need an Attorney to File?
Wrongful death lawsuit plaintiffs normally have a wrongful death attorney represent their interests in pursuing the claim. Although most attorneys have a strong understanding of many legal topics, a wrongful death case usually contains within it multiple complex legal issues. Further, applicable statutes and court cases change from time to time.
An attorney who specializes in wrongful death cases most likely has more background and understanding of that legal area than one who has a general personal injury practice. Choosing a wrongful death attorney does not need to be difficult and there are certain legal services which can point you in the right direction.
How Can You Help Me With a Wrongful Death Lawsuit Loan?
What is a Wrongful Death Loan?
A wrongful death lawsuit loan is an advance on the future proceeds of the case. It is known as non-recourse funding because the funding company has no recourse to pursue the client personally to repay the advance. Instead, the lawsuit is the sole source of repayment. That means – if you don’t win your case, you do not repay the advance. In this regard, wrongful death lawsuit loans are risk-free to the plaintiff(s).
How are Wrongful Death Loans Structured?
Although we often refer to wrongful death lawsuit funding as loans, they are actually not loans at all. They are structured as a purchase of property rights in the future case’s proceeds. This is legal jargon but it is similar to selling a portion of your baseball card collection or a guitar you no longer play. The concept is the same, only you are selling a portion of the case.
What Portion of My Case is Sold?
Lawsuit funding for wrongful death lawsuits and other cases normally consists of an advance of up to 15% of the future settlement value. In some instances, lawsuit funding companies will advance up to 20% depending on the circumstances and when the settlement is expected.
How Do I Repay the Lawsuit Loan?
The wrongful death lawsuit loan is repaid only if you win your case. Settlement money is received and deposited into your attorney’s trust account. From there, the firm distributes the funds according to what liens are in the file. Common lien amounts are reimbursement for court costs, stenographer fees, outstanding medical liens (letters of protection), workers’ compensation liens, attorney’s fees and lawsuit loans.
If You Have Any Questions, Call 888-964-2224
Why Choose Fair Rate Funding?
The burden and financial pressures plaintiffs face after the unexpected loss of a loved one can be additionally traumatizing. A litigation finance company such as Fair Rate Funding can help! Don’t accept less money than you are entitled to because you are trying to ‘pay the bills’ or simply move on.
Plaintiffs choose Fair Rate Funding because we provide lowest cost for settlement funding in the industry. Getting through the rough times with a pre-settlement cash advance affords our clients the staying power needed to ensure they get the proper compensation.
While your case progresses, settlement funding for a wrongful death case can lessen your family’s financial burdens and your attorneys can use their skills to make sure you are compensated to the fullest extent. While no amount of money can compensate for your loss, financial pressures to settle too soon can be alleviated with a wrongful death lawsuit loan.
You have a choice when it comes to choosing a company for lawsuit funding and we are ready to help you. We currently offer settlement funding for the following types of of wrongful death cases:
- Medical Malpractice Lawsuit Loans
- Nursing Home Lawsuit Loans
- Premise Liability Lawsuit Loans
- Car Accident Lawsuit Loans
- Jones Act Lawsuit Loans
- NY Labor Law and Scaffolding Lawsuit Loans
- Construction Accident Lawsuit Loans
- Bicycle Accident Lawsuit Loans
- Amusement Park Accidents
- Motorcycle Accidents
- Product Liability Lawsuit Loans
- Asbestos Cases
- Bus Accident Lawsuit Loans
- Maritime Lawsuits
- Pharmacy and other Class Action Cases
- Truck Accident Lawsuit Loans
- All other cases which fall under the Wrongful Death Statute in your state.
How Do I Apply?
Within 24 hours of receiving paperwork from your attorney, Fair Rate Funding processes your cash advance.
We provide settlement funding for wrongful death lawsuits for the following states: Alabama, Alaska, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming and the District of Columbia.
Thank you for choosing Fair Rate Funding.