How to calculate the monetary value of loss? In lost earnings, in holidays and vacations forgone, or in aching loneliness? Charles G. Wolf wrestled with this question for more than two years. Then late last month, he filed papers with the Sept. 11 Victim Compensation Fund, seeking to determine the monetary value of losing his wife. Katherine Wolf, 40, died on Sept. 11, 2001, in the World Trade Center. “It took me a while to get there,” said Wolf, who lives in Greenwich Village, about 25 blocks north of Ground Zero. “But people need to realize this is their last chance. They need to overcome their grief and do themselves a favor.” About 90 percent of the families — as many as 2,700 out of 2,976 as of Friday evening, according to the Department of Justice — who lost loved ones in the worst terrorist attacks in U.S. history are expected to file papers by the deadline of midnight Monday. They will seek compensation that, although varying widely, will average about $1.8 million, tax free. Full Story
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