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Litigation Funding for Wrongful Death Lawsuits

Over two million people die every year in the United States. The causes of death include accidents, chronic health conditions, terminal illnesses, and natural causes . However, some people die because of negligence or intentional acts of other people. Although loved ones are not able to bring that the deceased, they may entitled to get compensation for the death by filing a wrongful death lawsuit against the at-fault person or entity.

Lawsuits can be expensive. The fee to file a lawsuit may be very high. In addition to court costs, you may have to pay for documents and other evidence needed to prove your cases. Whether you represent the wrongful death action yourself or hire an attorney, you still have to take care of the financial obligations outside of the lawsuit. Litigation funding is an option to help cover your legal costs throughout the case. If you need legal financing, contact Litigation Funding Corporation today at (248) 702-6022 to find out how they can help you.

What is Wrongful Death Lawsuit?

Michigan laws defines a wrongful death lawsuit as an action in which a person dies as result of wrongful act, neglect, or fault of another. State law allows the deceased’s spouse or other family member to bring a wrongful death court case on behalf of the deceased. If your family member died due to the fault of someone else, you can only bring a lawsuit if the decease could have file a lawsuit against for her injuries is she lived.

What is Litigation Funding?

Litigation funding, also called legal funding, occurs when a third party financing or funding company pay for the cost of your litigation and other legal cost associated with your lawsuit. The third-party financing essentially assumes all the financial risk of a legal case.

The benefit of legal funding is that party in the lawsuit that receives financing, usually the plaintiff, does not have to pay back the financing company out if his own pockets. The funding is like having a lawsuit loan; however, the funding business only get their money back if the plaintiff settles the case or wins at trial. If you hire an attorney, funding goes to her to represent your lawsuit. Although the third-party financing pays for the attorney’s representation, you still control your case. The attorney must work your best interest and communicate your decision to other parties and the court throughout the litigation.

Wrongful Death Settlement or Trial Win and Paying Back Litigation Funding

In a wrongful death action, the plaintiff may have damages that the seek compensation recovery. The damages may include:

  • Medical bills
  • Funeral and burial costs
  • Pain and suffering deceased suffered during conscious times between injury and death
  • Loss of financial support
  • Loss of consortium

The damages are factors in settlement discussion and offers between parties. They may also contribute to the amount of damages decided in the verdict of a trial. If your lawsuit results in a settlement agreement or your win at trial, the legal financing company takes the amount or percentage of your legal award based on the contract between you and the company.

Hiring a Litigation Funding Company

If your loved died because of the fault of another person, business, or organization, you may need financial assistance to help cover the costs of filing a wrongful death lawsuit. Contact Litigation Funding Corporation today at (248) 702-6022 to find out about your legal funding options and how they can help you cover the cost of your case.

Litigation Funding