Asbestos Trust Funds

Asbestos companies that declared bankruptcy were required to set up trust funds to compensate people who developed asbestos-related diseases like mesothelioma from their products. More than $30 billion is available in asbestos trust funds today, and claimants can access this money without going to court or filing a lawsuit. See if you’re owed trust fund money.

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Amy Garrett

What Are Asbestos Trust Funds?

Asbestos trust funds have been established by manufacturers of asbestos-containing products who filed for bankruptcy to dodge lawsuits brought by people harmed by their products.

However, their attempt to skirt responsibility didn’t work, as bankruptcy courts ordered them to set up asbestos trusts to compensate current and future victims.

Anyone who has been diagnosed with an asbestos-related disease like mesothelioma, lung cancer, or asbestosis may be able to file a claim with one or more asbestos bankruptcy trusts and pursue compensation.

Quick Facts About Mesothelioma Trust Funds
  • It’s estimated that there’s over $30 billion in asbestos trust funds today.
  • More than 100 companies have set up mesothelioma trust funds.
  • The average total payout is between $300,000 and $400,000.
  • People often start to receive financial compensation in 90 days or less.

A mesothelioma attorney can identify the asbestos trust funds that you qualify for and file a claim on your behalf.

Get a free case review and see if one of the asbestos attorneys in the network can help you access mesothelioma trust fund compensation.

How Much Money Is Available in Asbestos Trust Funds?

There’s more than $30 billion available in asbestos trusts today.

That amount refers to the combined total of each asbestos company’s individual trust fund.

To access compensation, victims of asbestos exposure must file a claim with the trust funds that they qualify for.

Anyone who has been diagnosed with an asbestos-related illness may be owed trust fund money.

Average 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, victims who have been exposed to multiple asbestos products may be able to file claims with more than one trust.

As a result, asbestos victims typically recover between $300,000 to $400,000 in total compensation from asbestos trust fund claims — but it’s possible for trust fund claims to award $1 million or more.

For example, one of the mesothelioma law firms in our network helped a U.S. Navy veteran with mesothelioma access $2.4 million in trust fund money. He had worked as a pipeline inspector in the oil industry but was unsure about the products that had exposed him to asbestos.

The law firm was able to identify the products that had made him sick and take legal action on his behalf.

His mesothelioma trust payments included:

  • $1.14 million from insulation company trusts
  • $345,351 from asbestos company trusts
  • $280,930 from valve company trusts
  • $63,611 from pipe company trusts
  • $600,000 from additional trusts

The best way to get the most compensation from mesothelioma trust fund claims is to work with a top asbestos lawyer. They can pinpoint the products that exposed you to asbestos and file claims with every trust fund that you qualify for.

$30+ billion is available for asbestos victims.

You or a loved one may be owed some of this money — get help with a trust fund claim today.

Factors That Affect Mesothelioma Trust Payouts

Mesothelioma trust funds award different amounts of compensation depending on a variety of factors.

Some factors that can impact asbestos trust fund payouts include:

  • Your diagnosis: The asbestos-related disease that you have, its severity, and how it has impacted your life can affect how much asbestos trust fund compensation you get.
  • How many 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 pays out a certain percentage of funds to make sure money is left to pay future claims.
  • State law: State laws regulate asbestos litigation and often place limits on trust fund claim values.
  • Working with a mesothelioma lawyer: The best way to maximize trust fund payouts is to get help from an experienced mesothelioma lawyer. They can help you prove that you were exposed to a company’s products and file as many claims as possible on your behalf.

Can I File an Asbestos Trust Fund Claim?

You may be able to file an asbestos trust fund claim if:

  • You were diagnosed with mesothelioma or another asbestos disease like lung cancer
  • You were exposed to an asbestos-containing product at work, during your military service, or in some other environment
  • The company that made the asbestos product that you were exposed to has an asbestos trust fund

You may also be able to file a trust fund claim if a loved one developed an asbestos-related disease and has since passed away.

Chat with one of our case managers to see if one of the mesothelioma attorneys in our network can file asbestos trust fund claims for you.

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Asbestos Trust Fund List

Many asbestos companies established trust funds to compensate the people injured by their products.

More than 100 companies have set up mesothelioma trust funds, and about 60 are still active today.

Some of these companies are listed below, along with the name of their trust fund and the year it was established.

CompanyAsbestos Trust FundCreated
A-Best ProductsA-Best Asbestos Settlement Trust2006
A. P. GreenAPG Asbestos Trust2014
ABB Lummus GlobalABB Lummus Global Inc. 425(g) Asbestos PI Trust2007
AC&SACandS Asbestos Settlement Trust2009
API, Inc.API, Inc. Asbestos Settlement Trust2006
Armstrong World IndustriesArmstrong World Industries Asbestos Personal Injury Settlement Trust2006
ARTRA Group, Inc.Artra 524(g) Asbestos Trust2007
ASARCO, LLCASARCO LLC Asbestos Personal Injury Settlement Trust2009
Babcock & Wilcox Co.Babcock & Wilcox Company Asbestos Personal Injury Settlement Trust2006
Bondex International/Special Products Holding Corp.Bondex Asbestos Personal Injury Trust2016
Brauer Supply Co.Brauer524(g) Asbestos Trust2012
Burns & Roe Construction GroupBurns & Roe Asbestos Personal Injury Settlement Trust2010
Burns & Roe Enterprises, Inc.Burns & Roe Asbestos Personal Injury Settlement Trust2010
C.E. ThurstonC.E. Thurston & Sons Asbestos Trust2006
Celotex Corp.Celotex Asbestos Settlement Trust1997
Christy Refractories Co. LLCChristy Refractories Asbestos Personal Injury Trust2012
Combustion EngineeringCombustion Engineering 524(g) Asbestos Personal Injury Trust2006
Congoleum Corp.Congoleum Plan Trust2011
DuroDyne National Corp.Duro Dyne Asbestos Personal Injury Trust2021
Eagle Picher IndustriesEagle Picher Industries Inc. Personal Injury Settlement Trust1996
Fairbanks International Inc. Fairbanks Asbestos Personal Injury Trust2023
Federal Mogul (T&N, Flexitallic, Ferodo)Federal Mogul Asbestos Personal Injury Trust- Turner & Newall Subfund2007
Flintkote Co./Flintkote MinesFlintkote Asbestos PI Trust2015
Fuller-AustinFuller-Austin Asbestos Settlement Trust1999
Garlock Sealing Technologies, LLC (Anchor Packing Company and Garrison)Garlock Settlement Trust2018
General Motors Corp.Motors Liquidation Company Asbestos PI Trust (General Motors)2012
George V. Hamilton, Inc.Geo. V Hamilton, Inc. Asbestos Trust2019
G-I Holdings, Inc.G-I Holdings Inc. Asbestos Personal Injury Trust2010
Global Industrial Technologies (Harbison-Walker)DII Industries, LLC Asbestos PI Trust2005
Hercules Chemical Co.Hercules Chemical Company, Inc. Asbestos Settlement Trust2010
H.K. Porter Co.H.K. Porter Asbestos Trust2008
J.T. Thorpe Co.J.T. Thorpe Company Successor Trust (TX)2004
J.T. Thorpe Inc.J.T. Thorpe Settlement Trust (CA)2006
Kaiser AluminumKaiser Aluminum & Chemical Corporation Asbestos Personal Injury Trust2006
Keene Corp.Keene Creditors Trust 2006
Kentile FloorsMetex Asbestos PI Trust 2015
Leslie Controls, Inc.Leslie Controls, Inc. Asbestos Personal Injury Trust 2012
Maremont CorporationMaremont Asbestos Personal Injury Trust2019
Mid-Valley Inc. (Halliburton)DII Industries, LLC Asbestos PI Trust (HAL)2005
National GypsumNGC Bodily Injury Trust1993
North American Refractories Co. (NARCO)North American Refractories Company Asbestos Personal Injury Settlement Trust2013
Oakfabco Inc.Oakfabco Liquidating Trust2019
Owens Corning Corp.Owens Corning Fibreboard Asbestos Personal Injury Trust- Owens Corning Subfund2006
Owens Corning FibreboardOwens Corning Fibreboard Asbestos Personal Injury Trust- Fibreboard Subfund2006
Pittsburgh CorningPittsburgh Corning Corporation Asbestos Personal Injury Settlement Trust2017
Plant Insulation Co.Plant Asbestos Settlement Trust2014
Plibrico Co.Plibrico 524(g) Trust2006
Porter-Hayden Co.Porter Hayden Bodily Injury Trust2007
Quigley Co.Quigley Company, Inc. Asbestos PI Trust2014
Rapid American Corp.Rapid-American Asbestos Personal Injury Liquidating Trust2022
Raymark Corp./Raytech Corp.Raytech Corporation Asbestos Personal Injury Settlement Trust2010
SEPCOSepco Asbestos PI Trust2020
Shook & FletcherShook & Fletcher Asbestos Settlement Trust 2004
State Insulations Corp.State Insulation Corporation Asbestos PI Trust2016
Swan Transportation Co.Swan Asbestos and Silica Settlement Trust2003
T.H. Agriculture & NutritionT. H. Agriculture & Nutrition, LLC Asbestos Personal Injury Trust 2009
Thorpe Insulation Co.Thorpe Insulation Company Asbestos Personal Injury Settlement Trust 2010
United Gilsonite LaboratoriesUnited Gilsonite Laboratories Asbestos Personal Injury Trust 2015
United States Mineral ProductsUnited States Mineral Products Company Asbestos PI Settlement Trust2008
USG Corp. United States Gypsum Asbestos Personal Injury Settlement Trust2006
Utex IndustriesUtex Industries, Inc. Successor Trust2005
W.R. GraceW.R. Grace & Co. Asbestos Personal Injury Settlement Trust2014
Western MacArthur/Western AsbestosWestern Asbestos Settlement Trust2004
YarwayYarway Asbestos Personal Injury Trust2016

If you worked for one of these companies or with the products they manufactured and have been diagnosed with an asbestos-related disease, you may be owed money.

Keep in mind that this is not a comprehensive list. Other companies have established asbestos trusts to compensate those that they’ve harmed.

The best way to see if you may be owed money from an asbestos trust is to speak to a mesothelioma lawyer.

Asbestos Trust Fund Claim Process

A mesothelioma lawyer can file a claim on your behalf to make the process easy and stress-free.

Learn more about how an attorney can handle the legal process below.

  1. Determine your eligibility: Get a free case review and see if you can work with one of our legal partners and pursue compensation from asbestos trust funds.
  2. Investigate your case: Top mesothelioma law firms have warehouses of documents that can help identify the asbestos-based products you were exposed to and the companies that made, sold, and distributed them.
  3. Collect evidence: Your legal team will gather evidence about your work history, military service (if any), and asbestos exposure to help build your claim.
  4. Get help from experts: Your team will use their connections with respected expert witnesses to link your mesothelioma diagnosis and exposure.
  5. File your claims: Your lawyer will file claims with all of the asbestos bankruptcy trust funds that you qualify for.
  6. Receive payouts: They will secure your trust fund payouts and make sure you get compensation as quickly as possible.
Did you know?

It’s possible to file asbestos trust fund claims and a mesothelioma lawsuit to get more financial compensation for mesothelioma. This also sends a message to negligent product manufacturers and makes them pay for the harm they’ve caused.

Contact us now and take the first step toward justice for your family.

Timeline for Asbestos Trust Fund Payouts

In many cases, asbestos victims start to receive trust fund compensation in 90 days or less. However, this timeline can be affected by how the fund is reviewed by administrators.

Claims can be reviewed in one of two ways: with an expedited review or individual review. Learn more about the review process below.

  • Expedited review: Asbestos victims can get a fixed amount of compensation from a trust fund with this option. As a result, every claimant with the same disease receives the same compensation amount, and claimants get quicker access to trust fund money.
  • Individual review: If a case is more complicated, a lawyer can ask the trust fund administrators to review a claimant’s medical records and asbestos exposure history. When this happens, the claimant may get more compensation. The downside is that the review can take longer and may result in less money.

Your attorney can explain the type of review they recommend in your case and how long it should take for you to get compensation.

Deadlines for Mesothelioma Trusts

Asbestos victims have a limited amount of time to file claims with asbestos trust funds. Each trust fund sets its own filing deadlines (statute of limitations).

With most trusts, asbestos victims have 2-3 years from the date of a diagnosis or death of a loved one to file a claim.

Once a trust’s deadline passes, you will not be able to file a claim and pursue compensation.

For this reason, it’s a good idea to contact an asbestos lawyer as soon as possible. They can explain the deadline that applies to your case and file your claim while there’s still time.

If the time limit has expired, they may be able to pursue other types of mesothelioma compensation for you.

Contact our team right now at (866) 447-8466 to see if one of our legal partners can file an asbestos trust fund claim on your behalf.

Mesothelioma Trust Fund Claims vs Mesothelioma Lawsuits

Asbestos fund claims and mesothelioma lawsuits are both ways to get compensation from negligent asbestos product manufacturers. However, there are some significant differences between the two.

The chart below shows the main differences between mesothelioma trust claims and asbestos lawsuits.

Mesothelioma Trust Fund Claims
Mesothelioma Lawsuits
Paid by trusts established by bankrupt asbestos companies (if successful)Paid by asbestos companies that are still in business through settlements or verdicts (if successful)
Average total payout is between $300,000 and $400,000

Average settlement payout is between $1 million and $1.4 million
Quick access to compensation

Access to compensation may be slower

You never have to go to court

You might have to appear in court in rare circumstances

In many cases, people who have been harmed by asbestos-containing products can file both mesothelioma trust claims and lawsuits at the same time.

Get Help Filing Mesothelioma Fund Claims

If you or a loved one has mesothelioma or another asbestos-related disease, you may be entitled to compensation from asbestos trust funds.

You can access your share of the $30 billion in asbestos trust funds without filing a lawsuit or going to court.

And in many cases, claimants start getting trust fund payments in 90 days or less.

Our legal partners have recovered more than $9.3 billion for families affected by asbestos exposure through trust fund claims and other sources.

Get a free case review and see if they can help you.

Asbestos Settlement Trust Fund FAQs

How many asbestos trust funds are there?

More than 100 companies have established asbestos trust funds, and about 60 are still active today.

Companies that have created asbestos trust funds include:

  • Babcock & Wilcox Co.
  • Bondex
  • Celotex Corp.
  • Eagle-Picher Corporation
  • General Motors
  • Johns-Manville Corporation
  • Kaiser Aluminum Corp.
  • Owens Corning
  • Quigley Co.

A mesothelioma attorney can help you figure out which asbestos trust funds you or a loved one may qualify for and explain all of your legal options.

How much money is left in the mesothelioma trust fund?

Currently, there is an estimated $30 billion available in mesothelioma trust funds.

These funds were established by asbestos companies to pay current and future claimants harmed by their products. They have paid out billions of dollars to eligible mesothelioma victims over the past 30 years.

We can help you access your share of this money if you’re eligible — get a free case review now.

Is there a limit to how many asbestos trust funds I can apply to?

No, there is no limit to how many asbestos trust claims you can file.

In many cases, mesothelioma patients or their family members (if the patient has passed away) are able to access compensation from more than one trust fund. That’s because most asbestos victims were exposed to asbestos from multiple products.

What is the average payout for asbestos trust funds?

The average payout from asbestos trust funds is between $300,000 and $400,000.

The amount of money awarded may vary depending on several factors, including how many trust funds you are able to file a claim with. In some cases, asbestos victims are able to file multiple claims and access $1 million or more from asbestos trust funds.

This financial assistance often provides mesothelioma patients with enough money to access top treatments.

Amy Garrett
Fact-Checked and Legally Reviewed:Amy E. Garrett


  • Lawyer
  • Editor

Amy Garrett is a partner at Simmons Hanly Conroy with more than 22 years of litigation experience. Amy has helped the firm secure billions of dollars in settlements and verdicts for clients. Over the past two decades, she has gained a reputation as a litigator who advocates for her asbestos and complex litigation clients both inside and outside the courtroom.

Written by: makes it easier to take legal action. We have information, lawsuit guides, and breaking news about drugs, products, and other issues that could affect you.

ReferencesView References
  1. Dixon, L., & McGovern, G. “Links between asbestos bankruptcy trusts, tort cases examined.” RAND Corporation. August 18, 2011. Retrieved October 2, 2023, from
  2. Dixon, L., McGovern, G., & Coombe, A. “Asbestos Bankruptcy Trusts: An Overview of Trust Structure and Activity with Detailed Reports on the Largest Trusts.” RAND Corporation. 2011. Retrieved October 2, 2023, from
  3. Sokolove Law. “Mesothelioma & Asbestos Trust Funds.” Retrieved October 2, 2023, from

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