Categories: Attorney

Mesothelioma Fund Claims

If you or a loved one developed mesothelioma or lung cancer due to asbestos exposure, you may be qualified for settlement from a trust fund. Mesothelioma compensation can come from three main sources namely, asbestos trust funds, legal settlements and veterans benefits. Companies hid the health dangers of asbestos from the public for decades. As the number of mesothelioma and asbestos-related lung cancer causes so did legal claims against these companies. There are legal time limits for filing asbestos trust fund claims, and each state has different rules on how these claims affect lawsuits.

Along with the suffering caused by the disease, mesothelioma patients often face financial difficulties when they can no longer work. Losing income may also result in the loss of insurance at a vital time. Under these challenging circumstances, knowing legal options, gathering required documents, and navigating the legal process can be daunting. Thankfully, there are legal options available to pursue settlement including filing a mesothelioma trust fund claim.

What Are Asbestos Trust Funds?

Asbestos trust funds are financial reserves created by companies that manufactured asbestos-containing products and later filed for bankruptcy. These funds are established to compensate individuals affected by mesothelioma and other asbestos-related diseases. Professional mesothelioma attorneys can help determine which asbestos products contributed to your illness and seek compensation from the responsible companies. Due to the high volume of asbestos claims, many companies declared bankruptcy and, as part of the process, were required to establish trust funds to provide financial relief for current and future victims.

Why Is it Important to File a Claim?

Filing a mesothelioma fund claim can support offer financial relief for victims and their family, especially as medical expenses and treatment costs for mesothelioma can be substantial. These claims also hold negligent companies accountable for their actions, ensuring that future victims of asbestos exposure can continue to receive compensation.

Who is eligible to file for Mesothelioma Fund Claims

You are required to file for mesothelioma fund claim if you or someone is:

You are exposed to an asbestos-containing product made by an organization with a trust
Family members who lost a loved one due to asbestos exposure.
If you are diagnosed with mesothelioma cancer caused by asbestos exposure

Available Asbestos Trust Funds

Many asbestos companies, including Johns Manville, W.R. Grace, and United States Gypsum, have created trust funds to compensate those impacted by asbestos exposure. These funds contain billions of dollars set aside to support mesothelioma patients and their families. Below is a list of asbestos trust funds available for claims.

Asbestos Trust Fund List

Company———————————- ——Estimate of Initial Assets ————–Year Established

United States Gypsum Trust———— ————–$3.9 billion ——————————–2006
Owens Corning Corporation Trust—– —————$3.4 billion——————————— 2006
Pittsburgh Corning Corporation Trust——– ——–$3.4 billion——————————— 2011
W.R. Grace and Co. Trust———————- ———$2.9 billion———————————- 2001
DII Industries Trust————————————- $2.5 billion———————————- 2005
Johns-Manville Corporation Trust———– ———-$2.5 billion———————————- 1988
Armstrong World Industries Trust———– ———-$2 billion———————————— 2006
Western Asbestos (Western MacArthur) Trust——- $2 billion ————————————2004
Babcock & Wilcox Trust——————————– $1.8 billion———————————– 2006
Owens Corning Fibreboard Subfund Trust———– $1.5 billion———————————– 2006

Filing a Mesothelioma Trust Fund Claims

Seeking settlement from an asbestos trust fund involves various vital methods. By following this procedure, mesothelioma patients and their families can secure the financial help they want;

Find an Experienced Mesothelioma Lawyer

The first step is to hire a skilled mesothelioma attorney who specializes in asbestos trust fund claims.
A knowledgeable lawyer can help navigate the legal process and maximize your compensation.

Gather Proof of Asbestos Exposure

Your attorney will collect essential evidence, including details about your asbestos exposure history, employment records, medical reports, and witness statements.
This information is crucial for determining eligibility for one or more asbestos trust funds.

File Claims With the Relevant Trust Funds

Once all necessary documents are prepared, your lawyer will submit claims to the appropriate asbestos trust funds on your behalf.
Some individuals may qualify for multiple trust funds, depending on their exposure history.

Undergo the Review Process

Each asbestos trust fund has its own claim review process.
Your lawyer will assess whether to pursue an expedited or individual review based on the details of your case, which can impact how quickly your claim is processed.

Receive Your Compensation

After your claim is reviewed and approved, the trust fund will issue a payout.
The compensation amount varies based on factors such as your diagnosis, the trust’s available funds, and payment percentage guidelines.

Explore Additional Compensation Options

In addition to asbestos trust funds, you may also qualify for other forms of compensation, such as lawsuits, settlements, or veterans’ benefits.
Your lawyer can help determine the best course of action to maximize your financial recovery.

To successfully file a claim, it is important to meet the eligibility requirements, gather proof of evidence, and know the claims steps with the help of a professional asbestos lawyer. Visit the website for further detils.

Related Links