The financial damages that may be recovered under the act are called pecuniary losses. Pecuniary losses are meant to replace the financial value the deceased would have contributed to his or her surviving family had he or she not died. This award is not limited to earning potential, and arriving at an exact value often requires expert calculation and testimony to support a claim.
The act is meant to cover situations in which a death occurs at sea. If an individual is injured at sea and later dies, the act does not offer apply, with two exceptions: if a lawsuit is pending under other maritime laws or if a personal injury action based on the same injury at sea is pending.
Suits under the act must be filed within three years from the date the action occurred. The date the action occurred is typically the date of death, but in the case of death resulting from injuries sustained at sea, the date may be the date of the injury. It is important to seek the advice of an experienced maritime attorney so that rights under this act are not lost.
Filing taxes is something most people do only once a year, but even small mistakes can have significant consequences. W... Read More
How Does a Revocable Trust Work? What Are the Benefits? What Are the Limitations? When you’re setting up your estate ... Read More
Though starting a small business can be filled with opportunities, it also comes with important legal responsibilities. ... Read More
How It Works