Investment Approach

Investment Approach (to parental loss in the death of a child) -


 * The investment approach for valuing parental loss in the death of a child is based on the Michigan Supreme Court case, Wycko v. Gnodtke, 361 Mich. 331, 105 N.W. 2d 118 (1960). This approach involves calculating the total value of the investment parents have made in a child, usually a minor child, until the date of the child’s death, or the actual past investment plus the future intended investment in the child until adulthood.  This calculation is presented as evidence of the “economic” value of the child, compared with “intangible” values that might be involved with the love and affection of the parents for the child.


 * From: http://www.umsl.edu/divisions/artscience/economics/ForensicEconomics/definitions.html