When a family’s income is reduced as a result of a wrongful death, a detailed series of calculations must be performed to estimate the value of the support lost to surviving family members. The steps are:<\/p>\n

\n
• Estimate total family income in the absence of the wrongful death (including the value of employee benefits).<\/li>\n
• Estimate family income remaining as a result of the death.<\/li>\n
• Estimate the income tax payable to determine the loss of after-tax income.<\/li>\n
• Estimate the portion of net family income which would be required by each survivor to maintain the same standard of living as before the death.<\/li>\n
• Discount to a present value equivalent the loss of net family income of each survivor, allowing for the possibility of death in any given year for each family member.<\/li>\n
• If appropriate, estimate the probability of marriage breakup (in the absence of the accident) and\/or remarriage after the accident.<\/li>\n
• Gross up any lump sum award to allow for income tax that will be payable on the interest earned by the award.<\/li>\n<\/ul>\n

  The economic valuation described above would be in addition to loss under such headings as “loss of love and guidance” and “loss of housekeeping services”.<\/p>\n","protected":false},"excerpt":{"rendered":"

  When a family’s income is reduced as a result of a wrongful death, a detailed series of calculations must be performed to estimate the value of the support lost to surviving family members. The steps are: Estimate total family income in the absence of the wrongful death (including the value of employee benefits). Estimate family […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":32,"menu_order":3,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"class_list":["post-169","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/dec.bc.ca\/wordpress\/wp-json\/wp\/v2\/pages\/169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dec.bc.ca\/wordpress\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/dec.bc.ca\/wordpress\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/dec.bc.ca\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dec.bc.ca\/wordpress\/wp-json\/wp\/v2\/comments?post=169"}],"version-history":[{"count":1,"href":"https:\/\/dec.bc.ca\/wordpress\/wp-json\/wp\/v2\/pages\/169\/revisions"}],"predecessor-version":[{"id":170,"href":"https:\/\/dec.bc.ca\/wordpress\/wp-json\/wp\/v2\/pages\/169\/revisions\/170"}],"up":[{"embeddable":true,"href":"https:\/\/dec.bc.ca\/wordpress\/wp-json\/wp\/v2\/pages\/32"}],"wp:attachment":[{"href":"https:\/\/dec.bc.ca\/wordpress\/wp-json\/wp\/v2\/media?parent=169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}