But these numbers are skewed by the super rich who have generated an enormous amount of wealth since the financial crisis.
All the legal precedents on this page were obtained through years of work by personal injury lawyers taking complex medical-legal cases to trial against a reluctant multi-million-dollar auto insurance company intent on paying the least amount.
Victims of auto accidents without legal counsel have neither the knowledge and experience or the leverage of taking their case to trial to force a multi-million-dollar auto insurance company to pay a fair settlement.
If you are an unrepresented victim of a motor vehicle collision it is highly recommended you obtain legal counsel if you wish to even remotely come close to the dollar values in the case precedents shown on these pages.
If you have been injured in a serious accident our team can help you receive the compensation you deserve. Book a free consultation with one of our personal injury lawyers in Red Deeror Edmonton.
Your Alberta Car Accident Settlements may include an amount for general damages for pain and suffering, inconvenience and loss of amenities of life, as well as all other losses which flow from the motor vehicle collision such as wage loss, past and future, loss of housekeeping capacity, treatment costs for the future, and other heads of damages.
Wrongful Death Claims The amount that can be claimed for a wrongful death is a function of who is left behind. Whereas the tragic loss of a child unfortunately, in the eyes of the law, only awards an amount for the grief, and loss of care, guidance, and companionship to the parents, plus out of pocket expenses for the funeral and burial.
This may be claimed by the spouse, adult, interdependent partner, parent, child, brother or sister under section 7 b of the FAA.
Expenses of the funeral and the disposal of the body of the deceased, including all things supplied and services rendered in connection with the funeral and disposal may be claimed by the spouse, adult interdependent partner, parent, child, brother or sister under section 7 c of the FAA. Simple proof of actual expenses is all that is needed.
Proof of actual expenses needed. The calculation, for example, for a deceased family income earner would be as follows: Subtract the income taxes that the deceased would have paid to arrive at a net income.
Add the annual cash value of the fringe benefits the deceased had at work for such benefits as a pension plan, health benefits, dental benefits and disability benefits all of which can be calculated to result in a cash equivalent to be added to the net income.
The amount of personal expenditures decreasing as the number of children increase.
Then apply a divorce contingency deduction on the basis that many marriages end in divorce. Finally, depending upon the age of the deceased, a re-marriage contingency would also be applied. The amount now arrived at is the potential settlement amount for the loss of dependency head of damages only.
As this is paid immediately and in full on settlement or Judgment, a present value calculation must be made to reflect the fact that the recipient can invest the lump sum and earn additional income which would result in over compensation if a deduction for present value was not made.
Above is the calculation for the loss of dependency claim, in addition to a loss of a dependency claim family members also have an amount claimable for the grief, and loss of care, guidance, and companionship.
Interest is added to these amounts to the date of payment or settlement of the fatal car accident insurance claim.This net worth calculator shows you the difference between what you own (your assets) and what you owe (your liabilities) to help you plan for the future.
The American Express Centurion Card, known informally as the Amex Black Card, is an invitation-only charge card issued by American Express to platinum card holders after they meet certain criteria. There are three different issues of the Centurion Card: personal, business, and corporate.
About the author: FT is the founder and editor of Million Dollar Journey (est. ). Through various financial strategies outlined on this site, he grew his net worth from . Immigration Attorney Profile – Colin Singer is an experienced authority on all aspects of Canadian immigration.; Authorized by the Government of Canada – Colin Singer has been a licensed immigration lawyer in good standing with a Canadian Law Society for over 25+ years.; Our Team – Our team of more than 25 licensed lawyers, immigration consultants and technical staff is ready to provide.
A wealth tax (also called a capital tax or equity tax) is a levy on the total value of personal assets, including: bank deposits, real estate, assets in insurance and pension plans, ownership of unincorporated businesses, financial securities, and personal trusts.
Typically liabilities (primarily mortgages and other loans) are deducted, hence it is sometimes called a net wealth tax. DonSanAnto February 11, at PM. One’s ‘net worth’ doesn’t qualify you, or disqualify you, for retirement. it’s merely a valuation of all your assets less all your liabilities, and like a balance sheet, it’s static (unlike an income statement).