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What is pecuniary damage?

A: It is another term for money damages. It is the loss of financial assets or income to a person or family as a result of a person suffering injury or death.

For example, if a woman injured in a car wreck worked as an accountant but was permanently injured and can no longer work to earn a living, her money damages include her lost ability to support her family financially. Pecuniary or money damages are part of many types of personal injury claims from medical malpractice to wrongful death.

In evaluating money damages, your attorney must consider many elements. They include:

1. Firstly, was the injured person employed at all?
2. If so, did they work full-time or part-time or did they work two jobs?
3. Did they use tax form W-2 or 1099?
4. Were they the beneficiary of a pension plan or profit sharing plan?
5. Did the injured person graduate from high school, college, or graduate school?
6. What educational level did their spouse attain?
7. What educational level did their children attain?
8. Was the injured person recognized at work with any awards for their job performance?
9. To what level were they providing financial support for their family?
10. Was any money left after daily expenses were covered?
11. If so, what did the injured person choose to do with discretionary money left over?
12. What gifts did the injured person give, if any, to their spouse, children, grandchildren or other family members?
13. Did the injured person donate to charitable organizations?
14. Did they comply with Florida and Federal tax laws and file income taxes?

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