Asbestos Victims Trust Fund

A mesothelioma attorney can help victims pursue trust fund compensation if they have developed an asbestos caused illness.

Asbestos victims trust fund.

Trust fund payments vary widely from one trust to another but billions of dollars are available to people with mesothelioma. There are currently 60 active asbestos trust funds in the u s. Each asbestos trust fund is managed by a board of trustees who do not have any connection with the company s executives or staff. Asbestos trust fund claims are an important asset to victims and their families but some limits exist.

This allows the trust to gradually pay victims using the amount of funds in the trust which may increase or decrease depending on the investments. Further the trusts award claimants based on what asbestos related disease they were diagnosed with. Financial assistance can help with a variety of hardships families face after a death or diagnosis. Asbestos trust funds pay victims based on a predetermined schedule.

We ve worked with thousands of victims of wrongful asbestos exposure and their families to help them secure compensation from asbestos and mesothelioma trust funds. And more than 18 billion has been paid to asbestos victims since the 1980s. What are asbestos trust funds. Asbestos trust funds are funds created to compensate victims of mesothelioma caused by asbestos manufacturers.

At the moment only individuals diagnosed with mesothelioma asbestosis or lung cancer qualify for compensation from asbestos trust funds. According to a report by rand institute for civil justice victims of asbestos exposure collectively received approximately 3 3 billion from asbestos trust funds in 2008. Asbestos victims and loved ones can file a trust fund claim to receive compensation. Information sharing and set offs you may decide to take other forms of legal action such as a mesothelioma lawsuit in addition to filing for asbestos bankruptcy trust compensation.

Asbestos trust funds were established by bankrupt asbestos containing product companies in order to compensate victims of asbestos related diseases. Claimants with life. Nowadays it is a well known fact that asbestos exposure can cause devastating illnesses including lung cancer and mesothelioma. These funds are created when the manufacturers file for chapter 11 bankruptcy protection in 1988 the johns manville corporation manville trust a longtime user of asbestos and manufacturer of asbestos containing products was designated as the first.

In order to request financial compensation from a certain asbestos trust fund. Asbestos trust funds which some people also refer to as mesothelioma trust funds are created to secure future compensation for mesothelioma victims and others injured by exposure to asbestos when asbestos manufacturers file for chapter 11 bankruptcy protection.