Losing a loved one is an immense emotional burden. It can also bring significant financial consequences.
In Georgia, a wrongful death can have profound financial repercussions that affect various aspects of the survivors’ lives.
Lost income and financial stability
In Georgia, the median household income is $71,355. When a family member dies due to someone else’s negligence or intentional actions, the loss of income can be devastating. The deceased may have been a primary breadwinner. Without their financial contribution, the family may struggle to make ends meet. This loss of income can lead to financial instability, making it difficult for surviving family members to cover expenses such as mortgage or rent payments, utilities and groceries.
Health benefits and medical expenses
In addition to lost income, the death of a loved one can also result in the loss of health benefits. Many families rely on employer-provided health insurance to cover medical expenses. The sudden loss of coverage can leave them vulnerable. Survivors may face significant medical bills related to the deceased’s final illness or injury, further adding to the financial burden.
Funeral and burial costs
Funeral and burial expenses can also place a significant financial strain on surviving family members. In Georgia, the average cost of a funeral and burial can amount to thousands of dollars. Many families may struggle to afford these expenses without assistance.
Loss of life and future opportunities
A wrongful death can also result in the loss of future opportunities for the deceased and their family. The deceased may have had plans such as pursuing higher education, advancing their career or providing for their children’s education.
After a wrongful death, it is important for survivors to understand their rights so they can mitigate these costs as much as possible.
