How are Colorado Wrongful Death Settlements Divided?

How are Colorado Wrongful Death Settlements Divided?

How are Colorado Wrongful Death Settlements Divided?
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If you are involved in a wrongful death claim in Colorado, it may have crossed your mind to wonder where the settlement goes when the case closes. Typically, any settlement amount from a wrongful death case will go to the surviving spouse and children of the deceased, at least when applicable. In cases where there is no surviving spouse or children, compensation will go to the parents.

If you want to learn more about wrongful death settlements and who is likely to benefit from a successful case, you’re in the right place. The wrongful death lawyers from Mintz Law Firm serve many parts of Colorado, and our clients trust us to bring them valuable and positive results during challenging times and legal processes. If you want legal assistance and support, we invite you to get in touch with our team with any inquiries or questions.

Who Gets the Settlement From a Colorado Wrongful Death Case?

Most frequently, settlements from a wrongful death case will be given to the surviving spouse and children of the deceased. This is generally because the spouse or children will have the most significant dependency on the individual, especially if there are joint finances and assets between two people in a couple or for parents.

Children are also prioritized even if there are no more surviving parents in their circumstances, especially if they are minors or in some way dependent on the family. This gives children the greatest opportunity to focus on surviving and healing. Minor children or other dependents are most likely to get a more significant percentage of the settlement than adult children.

Who Else Might Qualify for Wrongful Death Settlement Payment in Colorado?

In some circumstances, others may qualify for at least a portion of the settlement from a wrongful death claim in Colorado. For instance, if children come under the care of a new guardian, these caretakers will likely receive some payment dedicated to adequately tending to the kids’ needs.

If there is no surviving spouse or children, parents may be able to collect from the settlement. A designated benefactor, often disclosed in a will or trust, may also qualify for this kind of payment. However, those who are not dependents are less likely to qualify for the maximum compensation in a wrongful death claim. 

For more information about the amount of recovery you can collect, we encourage you to work with a wrongful death lawyer from Mintz Law Firm. Our team can also help you qualify for as much compensation as possible, accurately estimate the value of your case, and walk away with fair payment.

Who Pays for a Wrongful Death Settlement in Colorado?

In a wrongful death case, the liable party or their insurance policy is most likely to pay for a settlement. An insurance policy often pays for the entire settlement or the bulk of it. It’s important to recognize different details related to your case, as this can impact which insurance policies ultimately make settlement offers. Generally, the liable party will not pay additional settlement value unless they have no applicable insurance coverage or insufficient policies.

For help determining which insurance policy to file with during your settlement, we encourage you to work with a wrongful death lawyer. Your attorney will be able to collect and analyze any data and information relating to your case, make decisions with confidence, and reduce stress during the settlement process.

Get Valuable Assistance From the Colorado Wrongful Death Lawyers With Mintz Law Firm

Wrongful death cases and claims can be challenging to handle alone, which is why Mintz Law Firm is available and proud to serve victims and their families during difficult times. Our wrongful death lawyers work hard and dedicate themselves to supporting clients through every step of the legal process, preparing them for any tough decisions they’ll need to make, and treating them with compassion and care.

When you contact and retain services from our team, we would be happy to answer any questions, discuss your case in greater detail, and give you access to other helpful resources. You can reach us when you call (303) 462-2999 or complete our contact form at your earliest convenience.

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