3 Financial Problems You May Face After The Death Of A Spouse
There was a car crash or an incident when your spouse visited an unsafe building. What should have been just another normal day for your family became one of the worst days you have ever experienced.
Losing a loved one unexpectedly will shake up every area of your life. You will likely endure emotional and financial hardship after an unexpected loss.
Before you try to just put this tragedy behind you, you first need to consider what practical impact it will have on your life and the lives of your children.
Your household income will drop substantially
Even if you and your spouse both work, the loss of one income can cause financial hardship. Not only do you have to think about the loss of their paycheck, but there are also the benefits that they received through work. Their employer may offer a pension or provide excellent health insurance coverage that you might lose or not be able to afford now that your spouse has died.
You will probably have the expenses related to the incident
If your loved one died in a car crash, you will have bills related to fixing up or replacing the vehicle involved. If they died after several days because of how serious their injuries were, you may have tens of thousands of dollars worth of medical bills to pay. There will also be funeral costs to consider.
The incident that caused the death of your loved one didn’t just rob you of someone who mattered to you. It will also leave a major financial burden for your family.
You will lose the support and daily efforts of your loved one
Georgia’s wrongful death law allows surviving dependent family members to request compensation for the full value of the life of the deceased individual. That doesn’t just mean their lost wages but also the unpaid contributions they made around your home.
Childcare, meal preparation, lawn maintenance, and household repairs are all valuable services that you may have to pay someone else to handle now. Thinking about the various financial consequences of your loved one’s death can help you determine if you need to file a civil lawsuit.
A wrongful death claim will hold the individual or business that caused your loss accountable while also providing you with valuable compensation if you are successful. Learning about Georgia wrongful death claims can help you advocate for yourself and your family after a tragic loss.
