A: This is the ultimate question.... No matter what you read on the Internet or hear from your buddies, there is no magic formula to determine the value of a personal injury case. The best answer is: "As much as your lawyer can get!" Hundreds of factors are used in negotiations. Negotiating a claim is as much an art as it is a science. I encourage you to seek qualified counsel who can help evaluate your case.
A: Our heart goes out to you. The Statute of Limitations for a Wrongful Death case in Texas runs two Years from the Date of the Accident. Hence, you must file suit or settle the case before then. Even if the defendant did not carry any insurance, your son's (or possibly your own) auto insurance's Underinsured Motorist Coverage may kick in. I strongly encourage you to seek an attorney's advice immediately.