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How to Budget for Hiring a Wrongful Death Lawyer

September 02, 2023
2 min read

The unfortunate and sudden demise of a loved one can leave families grappling not only with grief but also the daunting prospect of seeking justice if the death was due to someone else's negligence or intentional act. In such instances, a wrongful death lawsuit becomes not just a means to attain justice, but also an opportunity for financial restitution. However, venturing into the legal world can be as convoluted as traversing a labyrinth, especially when it comes to budgeting for hiring a wrongful death lawyer. In this blog post, we will dive deep into understanding this process.

To begin with, let's define what a wrongful death claim is. In legal parlance, it refers to a lawsuit brought against a party who has caused someone's death either negligently or through intentional harm. The claim is typically filed by the deceased's estate or surviving family members, seeking damages for their personal suffering, loss of companionship, lost wages, funeral expenses, and more. This is where the expertise of a wrongful death lawyer becomes crucial.

The first question that arises is: why hire a wrongful death lawyer?

The answer lies in the complex nature of wrongful death cases. They require a deep understanding of tort law, mastery over negotiation, and the ability to present compelling evidence. An attorney with experience in wrongful death cases brings these skills to the table, increasing the chances of securing just compensation.

However, the decision to hire an attorney is often hindered by the anticipated cost. Legal fees might seem insurmountable, but understanding the billing modalities can help demystify the process. Typically, wrongful death lawyers work on a contingency fee basis. This means that they take a percentage of the settlement or court award, usually around 33.33% to 40%, and do not charge an upfront fee. It's a risk-reward mechanism: the lawyer bears the risk of not being paid if they lose, but if they win, they get a reward from the payout.

While the contingency fee model may seem discouraging, it offers several benefits. Firstly, it provides access to legal representation for those who might not otherwise afford it. Secondly, it incentivizes the lawyer to secure the highest possible settlement, aligning their interests with those of the client.

Nonetheless, some costs do not fall under the contingency fee. These "out-of-pocket" expenses include court filing fees, costs for obtaining medical records, expert witness fees, deposition costs, and others. It's essential to discuss these costs with the attorney during the initial consultation and factor them into your budget planning.

Timing is another crucial aspect when considering a wrongful death lawsuit. Statutory limitation periods vary by jurisdiction, but they generally range from one to three years from the date of the death. Waiting too long can lead to the forfeiture of the claim. Therefore, despite the emotional turmoil, it is important to consider initiating legal proceedings sooner rather than later.

Now that we've delineated the hows and whys of hiring a wrongful death lawyer, let's delve into the budgeting process.

  • Estimate the Potential Damages: Based on the specifics of your case, research similar cases to get a sense of potential damages. This can help you gauge what the contingency fee might be.
  • Determine Out-of-Pocket Expenses: As mentioned earlier, these are separate from the attorney's fees. Make sure to get a comprehensive list of these costs from your prospective lawyer.
  • Factor in Personal Costs: Legal proceedings can take time, often requiring you to take time off work or arrange for childcare. Include these indirect costs in your budget.
  • Consider Financing Options: If out-of-pocket expenses are high, you might consider financing options, such as legal financing companies, or ask your lawyer about a payment plan.
  • Plan for the Outcome: Remember, there's a chance the lawsuit won't be successful. Make sure your budget can endure this scenario without causing financial strain.

In conclusion, while the prospect of hiring a wrongful death lawyer and navigating a lawsuit can seem daunting, understanding the financial implications can help alleviate some of the stress. The goal is not just to seek justice for the departed but also to ensure the financial security of their surviving loved ones. By budgeting wisely, you can manage the adversities of the present and protect the future.

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Related Questions

A wrongful death claim is a lawsuit brought against a party who has caused someone's death either negligently or through intentional harm. The claim is typically filed by the deceased's estate or surviving family members, seeking damages for their personal suffering, loss of companionship, lost wages, funeral expenses, and more.

A wrongful death lawyer has a deep understanding of tort law, mastery over negotiation, and the ability to present compelling evidence. These skills increase the chances of securing just compensation.

A contingency fee is a payment to a lawyer that is determined by the lawyer's success in a case. Typically, wrongful death lawyers take a percentage of the settlement or court award, usually around 33.33% to 40%, and do not charge an upfront fee.

Out-of-pocket expenses in a wrongful death lawsuit include court filing fees, costs for obtaining medical records, expert witness fees, deposition costs, and others. These costs are separate from the attorney's fees.

The statutory limitation period for a wrongful death lawsuit varies by jurisdiction, but it generally ranges from one to three years from the date of the death.

To budget for a wrongful death lawsuit, you can estimate the potential damages, determine out-of-pocket expenses, factor in personal costs, consider financing options, and plan for the outcome.

If the wrongful death lawsuit is not successful, the lawyer does not get paid as they work on a contingency fee basis. However, you may still be responsible for out-of-pocket expenses. It's important to plan your budget to endure this scenario without causing financial strain.

Interested in the Best Wrongful Death Lawyers in Atlanta?

If you're looking to learn more about wrongful death lawyers, our blog posts are a great place to start. For those in the Atlanta area, be sure to check out our rankings of Best Wrongful Death Lawyers in Atlanta.

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