Mesothelioma and Asbestos Trust Funds

What Are Asbestos Trust Funds?

Asbestos trust funds are financial accounts set up to compensate patients diagnosed with mesothelioma and other asbestos-related diseases.

When asbestos product manufacturers filed for bankruptcy to avoid lawsuits, courts required them to establish trust funds to pay current and future victims. Now, victims can still receive compensation even if the company no longer exists.

Key Facts About Asbestos and Mesothelioma Trust Funds

• Over $30 billion remains available in asbestos trust funds today
• 60+ companies have established trust funds for asbestos-related illnesses like mesothelioma and lung cancer
• Average total payouts range between $300,000 and $400,000 per claimant
• Compensation is often paid within 90 days or less

An asbestos attorney can determine which mesothelioma trust funds you qualify for and file claims with each one to maximize your total payout.

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Asbestos trust funds are sums of money set aside by bankrupt companies for mesothelioma victims. Most claims are paid in 2 to 3 months.

Duration: 1 min 41 sec

Mesothelioma and Asbestos Trust Fund Payouts

An individual asbestos trust fund claim is worth about $41,000 on average, according to the RAND Institute for Civil Justice. However, many patients were exposed to dozens of asbestos products, making them eligible to file multiple claims.

For instance, one of the law firms in our network helped a U.S. Navy veteran with mesothelioma secure $2.4 million from multiple asbestos trust funds. He had worked as a pipeline inspector in the oil industry.

The law firm identified the asbestos-containing products he’d been exposed to and filed mesothelioma trust fund claims on his behalf, allowing him to receive life-changing compensation.

Get a free case review now to see if one of LawFirm.com’s experienced mesothelioma lawyers can access trust fund money on your behalf.

Access Asbestos Trust Funds

Over $30 billion has been set aside for asbestos victims. You may be owed a portion of that money.

Get a Free Case Review

Who Qualifies for Asbestos Trust Fund Compensation?

You may meet the qualifications for asbestos trust funds and be able to file a claim for compensation if:

• You were exposed to an asbestos-containing product made by a company that has a trust fund
• You were later diagnosed with mesothelioma, lung cancer, or another asbestos-related disease

Family members may be able to file an asbestos claim after death if a loved one passed away from an asbestos-related illness.

Even if you’re not sure how you were exposed, LawFirm.com may still be able to help. Our asbestos lawyers can investigate your work history and identify the products and companies responsible for your illness.

Steps to File a Mesothelioma or Asbestos Trust Claim

The mesothelioma lawyers in our network understand the challenges of navigating a diagnosis, so they strive to make the claims process as easy and stress-free as possible.

Here’s how an attorney can help you file mesothelioma trust fund claims:

1. Determine your eligibility: Get a free case review to see if one of our legal partners may be able to pursue compensation from mesothelioma trust funds on your behalf.
2. Investigate your exposure: Top mesothelioma law firms have databases of information to identify which asbestos products you came in contact with and the companies that made and sold them.
3. Gather supporting evidence: Your legal team will collect medical records, work history, and proof of exposure to support your mesothelioma trust fund claims.
4. File your claims: Your lawyer will submit claims to every asbestos trust fund you qualify for, maximizing the potential value of your case.
5. Secure your payout: Once your claims are approved, you’ll begin receiving trust fund payments.

Your team will keep you informed as your claim moves forward and work to secure financial compensation as quickly as possible.

“I don’t think people quite understand how those trust funds are put together. The money is there. It has been put there to meet the needs of mesothelioma families and to pay them. Don’t feel guilty about it.”

– Sheryl, daughter of Burlene, who worked with our partner firm

Timeline for Asbestos Fund Payouts

Many mesothelioma victims begin receiving compensation from asbestos trust funds in 90 days or less. However, the payout timeline can vary depending on how the fund is reviewed by the trust administrators.

There are two main types of claim reviews:

• Expedited review: This option provides a fixed payout amount based on the type of asbestos-related disease. Because every claimant with the same diagnosis receives the same compensation, funds are typically distributed faster.
• Individual review: For more complex cases, an asbestos lawyer can request an in-depth review of your medical records and asbestos exposure history. This process takes longer but may result in a higher (or lower) payout depending on your circumstances.

An attorney experienced in asbestos litigation can help you choose the best review process for your case and provide a realistic estimate of your payout timeline. They’ll also work to speed up the process and pursue the highest possible compensation.

Factors That Affect Payouts From Mesothelioma Funds

The amount of compensation awarded by mesothelioma funds can vary widely based on several key factors.

Asbestos trust fund payouts can be influenced by:

• Your diagnosis: The type and severity of your asbestos-related illness play a major role in determining your payout. Mesothelioma patients typically receive higher compensation.
• The products you were exposed to: The more asbestos products you were exposed to, the more asbestos trust fund claims you can potentially file.
• Payment percentages: Each trust fund pays a percentage of a claim’s full value to ensure enough money is available for future claimants. These percentages vary by trust.
• State law: Where you live or where the exposure occurred can impact your compensation. Some states have specific rules that influence asbestos claims and payouts.

Working with an experienced mesothelioma lawyer is the best way to maximize your asbestos trust fund compensation. They can identify all eligible claims, prove your exposure, and ensure your paperwork is filed correctly and on time.

Mesothelioma and Asbestos Trust Fund List

More than 100 companies have established asbestos trust funds to compensate those harmed by their products. Today, over 60 of these trust funds remain active and continue to pay eligible victims.

Below are some examples of companies that have created trust funds, along with the name of each fund and the year it was established:

This is not a complete list. Other companies have also created trust funds for mesothelioma and asbestos-related diseases.

If you or a loved one worked for one of these companies or used their asbestos products and later developed an asbestos-related illness, you may be entitled to compensation.

Get a free case review now to see if you may be able to access compensation from mesothelioma trust funds.

Access Asbestos Trust Funds

Over $30 billion has been set aside for asbestos victims. You may be owed a portion of that money.

Get a Free Case Review

Mesothelioma Fund Claims vs Lawsuits

Both trust funds for mesothelioma and mesothelioma lawsuits can provide compensation to victims of asbestos exposure and hold negligent companies accountable. However, there are key differences between the two processes.

In many cases, victims who have been harmed by asbestos-containing products can file both types of mesothelioma claims, increasing their total potential payout.

Deadlines for Filing Asbestos Funds Claims

Asbestos victims only have a limited amount of time to file claims with asbestos trust funds. Each trust fund sets its own filing deadlines, similar to statutes of limitations in asbestos lawsuits.

If you miss the time limit, you may lose your right to file a claim and recover compensation from that trust.

That’s why it’s important to contact an experienced asbestos law firm as soon as possible. They can determine which deadlines apply in your case and ensure your claims are filed on time.

Even if the filing window has passed, a lawyer may be able to explore other compensation options, such as filing an asbestos lawsuit.

Get Help Filing a Claim With Asbestos Trust Fund Companies

If you or a loved one has been diagnosed with mesothelioma or another asbestos-related disease, you may be eligible for compensation from asbestos trust funds — without ever having to file a lawsuit or go to court.

Our legal partners have recovered over $10.7 billion for families affected by asbestos exposure through trust fund claims and other sources.

Call (866) 447-8466 right now or get a free case review to see if you may be entitled to a portion of this money.