The law allows those harmed by others to take legal action in pursuit of restitution. Personal injury lawsuits can help address a variety of situations, including scenarios where one party causes the premature death of another.
Wrongful death lawsuits can lead to financial compensation after a tragedy. Plaintiffs pursuing wrongful death litigation can ask for compensation based on the economic and non-economic consequences of a tragedy.
Frequently, medical expenses, funeral costs and lost wages contribute heavily to the value of a wrongful death lawsuit. However, not everyone works outside of the home to contribute to their families. In cases where stay-at-home parents die, calculating the economic impact of their passing requires careful consideration.
Unpaid labor has financial value
Stay-at-home parents create environments where their spouses can focus on their careers by handling home matters for the family. Not only does a stay-at-home parent help their spouse optimize their earning potential, but they also manage many demanding daily tasks.
Even though people tend to be dismissive about work performed in the home, it can be incredibly valuable. Researchers estimate that stay-at-home parents provide thousands of dollars’ worth of labor each month to their families. Meal planning, shopping, cooking, cleaning and child care are all valuable services that can cost hundreds of dollars per week when outsourced to professionals.
Determining what services an individual provided and assigning a financial value to those services can help families as they pursue wrongful death lawsuits after the loss of a stay-at-home parent. An attorney can provide insight into what losses a family might recover and how to effectively calculate their value.
