Loss of dependency
The forensic services department offer a CPD accredited course designed to guide lawyers through this subject.
Loss of dependency calculations
There is debate on the correct calculation of losses and the calculation of claims in fatal accidents can be a complex exercise with a range of potential pitfalls.
As expert accountants with experience of such cases, our forensic services team has prepared a CPD accredited course. The course is designed to guide lawyers through this often challenging subject, providing a practical approach to the more difficult aspects flowing from the relevant case law on loss of dependency.
The topics covered include:
- earnings of the deceased and the dependant
- a guide to factors to be taken into account in quantifying the earnings of the deceased but for death
- a guide to the treatment of the earnings of the dependants to be applied in a dependency calculation
- an outline of the relevant case law and the practical implications of its application
Dependency factors
- a guide to the calculation of appropriate dependency factors
- circumstances that may lead to varying the ‘rule of thumb' dependency factors
- an outline of the relevant case law and the practical implications of adopting different methodologies relating to dependency factors
Multipliers
- an outline of the relevant case law
- explanations and comparisons between the ‘Traditional' and Law Commission methodologies to calculate multipliers
Other issues
- potential double recovery under Section 4 of the Fatal Accidents Act and the relevant case law
- changing future annual loss of dependency
- pension loss in dependency calculations
- analysis of family expenditure
Case study
- worked examples highlighting the effect on quantum of adopting alternative approaches to the dependant's earnings, dependency factors, multipliers
Course details:
- duration approximately 1½ hours, including questions
- CPD accredited with the Law Society and ILEX
- free of charge, including extensive course notes and, if necessary, presentation equipment
- can be presented at your offices at a time convenient to you and to groups of six or more
For more information or to book a course please contact the training co-ordinator:
Gill Watson
tel: 020 8492 8760
email: Gill Watson
