How is the Income Factor Evaluated in the Calculation of Loss of Support?

Why is Expert Opinion Important in the Loss of Support Calculation Process?

One of the most important elements in loss of support calculations is the income level of the deceased. If the person was actively working, the calculation is made by considering their current salary and potential income increases. In the event of the death of a retired person, their pension is taken as a basis. Items such as the person's side income, bonuses, and additional payments can also be included in the calculation. Courts ensure that compensation is determined fairly by establishing a realistic income. SGK records, tax declarations, and income documents obtained from the workplace play an important role. In some cases, the income of self-employed individuals may not be fully determined; in such situations, average income calculations are used. For more information on loss of support calculations, you can visit the website https://www.solmazlaw.com/project/tazminat-hukuku/.

What Method is Followed in the Loss of Support Calculation Method?

Loss of support calculations are carried out by actuarial experts, economists, and legal professionals. These experts accurately analyze the income level of the deceased, the duration of support, and the economic dependence of the beneficiaries. Expert reports are accepted as evidence in courts and in processes with insurance companies. Incomplete or erroneous calculations can lead to the victimisation of the beneficiaries. Specific standard methods are followed in loss of support calculations. First, the age and income status of the deceased are analyzed. Then, the ages, educational status, and periods of economic dependence of the persons who have lost support are calculated. Subsequently, the support period is determined based on the average lifespan the deceased could have lived. The final compensation amount is determined by taking into account current economic conditions, inflation rates, and interest calculations. Loss of support calculations are made within specific formulas and are supported by expert examinations by the courts.