Asbestos Trust Funds
Asbestos Trust Funds and Mesothelioma
Asbestos Settlement Trusts were established to help compensate workers and their families for asbestos exposure, which causes Mesothelioma and other asbestos-related diseases. When an Asbestos company establishes a Trust Fund, all settlements are managed by trustees that decide the compensation amounts paid to Mesothelioma claimants.
U. S. Courts allow Asbestos defendants to file for protection under a legal process known as bankruptcy reorganization, which allows the company to pay claims and stay in business.
Victims of diagnosed with asbestos-related diseases may receive compensation from billion dollar asbestos trust funds or directly from the company responsible for their illness or death. Asbestos Trust Fund settlements typically do not come with an admission of guilt by the asbestos company that set up the trust.
In most Mesothelioma Cases, there are multiple settlement amounts from asbestos manufacturers and distributors throughout the U. S.
If you have a Mesothelioma, you have legal rights. But you need to act quickly because the statute of limitations in most states is 1-3 years.
It is crucial to contact a Mesothelioma lawyer soon after a Mesothelioma diagnosis that has experience with Mesothelioma Trust funds in all 50 states.
U. .S Asbestos Bankruptcy Trusts Funds have paid out nearly 21 billion to more than 600,000 asbestos claimants. There are about 60 active Asbestos Trust Funds with an estimated $32 billion in remaining assets.
Asbestos Trust Funds
- There are close to 60 Asbestos Trust Funds set up by U. S. Courts.
- Asbestos bankruptcy reorganization can be a lengthy process that can span several years.
- Asbestos Trusts publish additional information about their Trust guidelines, qualifications, and rules.
- Representatives of current and future Mesothelioma claimants must consent to any significant changes to these trusts.
- Since 1988, Asbestos trusts have paid out about $17.5 billion, representing more than 3 million claims.
- Since 2011, Asbestos Trust Funds have combined assets of $36.8 billion.
- Since 2010, the average percentage paid per asbestos victim is 25 percent of a claim.
- Asbestos Trust Funds set Statutes of Limitations that only allow a certain amount of time to file an Asbestos claim.
- Mesothelioma Claimants can sometimes file both Asbestos Trust lawsuits and Asbestos claims.
- U. S. Court must approve the amount set aside before the Asbestos Company will be granted bankruptcy protection.
Have A Question About Asbestos Trust Funds?
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Evidence Required to File an Asbestos Trust Fund Claim
Diagnosis: Medical Documentation, Pathology Report, showing claimant diagnosed with an asbestos-related disease.
Physician Statement: Statement from a qualified doctor regarding the diagnosis.
Exposure Evidence: Witness affidavits, employment records, company invoices linking a company product or facility to asbestos exposure.
Mesothelioma Trust Funds and Asbestos Exposure
- Malignant Mesothelioma is commonly diagnosed in people between the ages of 50 and 75 years old.
- There are 2,500-3,000 malignant Mesothelioma cases diagnosed each year in the United States.
- 1 in 3 U. S. military veterans will develop an asbestos-related disease in their lifetime.
Malignant Mesothelioma has been linked to workplace asbestos exposure.
Asbestos Trust Fund Claims
The only known cause of this Mesothelioma is exposure to asbestos. It is important to note that Mesothelioma is a progressive disease, with a 10-50 year latency period developing over the years or even decades in many patients. Therefore, your statute of limitations does not begin with the time of your exposure. Instead, it starts with the date of your diagnosis that you have Mesothelioma.
There Are 4 Primary Types of Mesothelioma Claims:
- Product Liability– Can be filed against companies that manufactured and distributed asbestos products.
- Medical Malpractice– Can be filed against doctors or hospitals if they misdiagnose, or delay your diagnosis of Mesothelioma.
- Workers Compensation– Can be filed against an employer if you were exposed to asbestos while on the job.
- Wrongful Death– Can be filed against asbestos manufacturers, asbestos distributors, or an employer of a product containing asbestos that directly caused a person’s death if their actions constituted Settlement for a deceased worker’s safety.
Main Factors That Will Determine Your Case Value
- Type of Mesothelioma diagnosis
- Number of asbestos companies named in the lawsuit
- Number of bankrupt asbestos companies named in the lawsuit
- Survival prognosis of a Mesothelioma patient
- Number of asbestos contacting products named in the lawsuit
- Years of exposure
- Funds still available from asbestos companies
- If you filed within your states Statute of Limitations
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It is essential to contact a Mesothelioma lawyer soon after you receive a Mesothelioma diagnosis. The only known cause of this Mesothelioma is exposure to asbestos. Mesothelioma is a progressive disease, with a 10-50 year latency period developing over the years or even decades in many patients. Therefore, your statute of limitations does not begin with the time of exposure. Instead, it starts with your diagnosis that you have Mesothelioma.
If you have a Mesothelioma diagnosis, you have legal rights. But you need to act quickly because the statute of limitations in most states is 1-3 years.
Mesothelioma Trust Funds – Free Consultation
Our Mesothelioma Lawyers offer you a free no-obligation consultation to determine the merits of your case. During this time, the attorney will be able to access your case and determine your chances for filing a successful Mesothelioma lawsuit. It’s crucial that you are honest and that you provide as much information as possible regarding your work history, asbestos exposure, and current medical condition with your Mesothelioma attorney. During this time, your lawyer will explain the legal process to you as it applies to Mesothelioma claims and informs you as to what your expectations should be for a successful outcome.
A person diagnosed with Mesothelioma may be entitled to recover compensation for the following:
Mesothelioma Trust Funds– Representation Fees
Mesothelioma Lawsuits are costly to bring to trial. If a Mesothelioma lawyer asks you for money to help with expenses for your case, you should run the other way. All Mesothelioma and asbestos-related cases are “contingency-based cases,” meaning no out of pocket expenses to you or your family. Mesothelioma lawyers earn their money by winning your case against asbestos companies. They do not get paid unless you get paid.
When a settlement is reached, your lawyer is paid a percentage of the settlement, which is compensation for their time, travel, and other expenses during your Mesothelioma case. Usually, it ranges from 33-40% of the total compensation amount after deducting the costs. Be sure to discuss the matter of fees and payments that the contingency fees covered with your lawyer, which will save you any problems or questions that might occur later.
How a Mesothelioma Attorney Can Help
An Experienced Mesothelioma attorney will take the following steps to ensure that you receive just and fair compensation for your injuries:
- A Mesothelioma lawyer will help you recover costly mesothelioma Loss of Life expenses.
- A Mesothelioma lawyer will help you recover loss of income.
- A Mesothelioma lawyer will help you get diagnosed with proper medical testing.
- A Mesothelioma lawyer will help you sort out which asbestos companies are liable in your Mesothelioma claim.
- A Mesothelioma lawyer will help you obtain old records, legal documents, and work records that are important to your case.
- A Mesothelioma lawyer will help you identify asbestos-containing products used in your workplace or home.
- A Mesothelioma Lawyer will guide you through each step of the legal process and answer any questions you may have.
- A Mesothelioma lawyer will provide expert witnesses that have testified in other Mesothelioma cases.
- A Mesothelioma lawyer will make sure to file your claim within your state’s statute of limitations.
- A Mesothelioma will check your eligibility to see if you qualify for asbestos bankruptcy trust funds.
An experienced Mesothelioma lawyer will help you to file a Mesothelioma lawsuit to hold negligent asbestos manufacturers and asbestos companies accountable for the severe Settlement that comes with a Mesothelioma cancer diagnosis.
Recent Mesothelioma Verdicts
- $4.6 Million Mesothelioma Trust Funds: For a union insulator that developed malignant Mesothelioma from asbestos exposure.
- $10.2 Million Mesothelioma Verdict: For a Paper Mill worker suffering from pleural Mesothelioma.
- $8 Million Mesothelioma Award: For a man diagnosed with Mesothelioma. Noneconomic damages and $1.5 Million for Loss of Lifes.
- $1.2 Million Mesothelioma Trust Funds: For a 76-year-old carpenter that developed malignant Mesothelioma.
- $1.1 Million Veteran Mesothelioma Trust Funds: For a Navy veteran machinist that developed malignant Mesothelioma at age 71.
- $245,000 Asbestosis Settlement: For a Paper mill worker suffering from Asbestosis.
- $2.5 Million Mesothelioma Trust Funds: For a union pipefitter man who died from malignant Mesothelioma.
- $2.6 Million Shipyard Worker Mesothelioma Trust Funds: For the family of a 72-year old shipyard worker with Mesothelioma who suffered second-hand exposure.
- $5 Million Navy Veteran Mesothelioma Verdict: For a Navy Boilerman who developed Mesothelioma during his service.
- $1.8 Million Mesothelioma Trust Funds: For a carpenter that developed malignant Mesothelioma at age 68.
- $7.5 Million Mesothelioma Verdict: For a woman that developed peritoneal Mesothelioma from laundering her husband’s work clothes.
Malignant Mesothelioma has been linked to workplace asbestos exposure.
TO GET HELP – Our Nationwide Toll-Free Mesothelioma Helpline Number is 888.640.0914
Malignant Mesothelioma is a rare form of cancer that affects the lining of the lungs, abdomen, heart, and major organs in the body. Mesothelioma cancer cells are in the sac lining the chest (pleura) or the abdomen (peritoneum). There are about 3,000 new fatal Mesothelioma cases diagnosed each year in the U. S. If you are experiencing any Mesothelioma symptoms, you should contact a doctor immediately.
Diagnosed With Mesothelioma?
If you or a family member has a malignant Mesothelioma diagnosis, you are going to have a lot of questions about living with Mesothelioma and what legal options you have against asbestos manufacturers and asbestos companies for your asbestos exposure. Mesothelioma is a seriously deadly disease. According to the American Cancer Society, with the average survival time for people with Mesothelioma is 4-18 months.
Call TOLL-FREE 888.640.0914 now to talk with a live Mesothelioma Counselor that can answer your questions and give you the peace of mind that you need.
Family Member Died From Mesothelioma?
If you have a family member that has died from Mesothelioma cancer, immediately consult with an experienced Mesothelioma lawyer about your available compensation from asbestos trust funds.
It is VERY IMPORTANT that you file your Mesothelioma claim within your states Statute of Limitations.
We have seen many families lose their right to file a lawsuit because their Statute of Limitations had expired while they were grieving. Although there is a tremendous mourning period with the loss of a loved one, it is crucial not to let your Statute of Limitations expire before filing a Mesothelioma lawsuit. In most states, the Statute of Limitations is 2-3 years. Some states have a 6-year Statute of Limitations.
Mesothelioma Latency Period
Mesothelioma has a long latency period of 10-50 years. Many Veterans, Shipyard Workers, Construction Workers, Power Plant Workers, Mill Workers, Steel Workers, Railroad Workers, Pipefitters, Insulators, Electricians, Carpenters, Welders, Auto Mechanics, Veterans, Factory Workers, and laborers are living in the early stages of a variety of asbestos-related diseases. Many Mesothelioma lawyers will not accept asbestosis, asbestos lung cancer, pleural plaques, pleural thickening, colon cancer, and esophageal cancer cases.
There are More Than 30 Billion Dollars Set Aside for Mesothelioma and Asbestos Victims in Asbestos Bankruptcy Trusts
Need a Mesothelioma Lawyer?
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We can usually tell within a few minutes whether we can help you, and if we can’t, maybe direct you to someone who can. We are always accessible by phone, email, and online chat.
We are always available to answer your questions with a phone call and will always keep you informed. We will do everything we can to ensure that you receive the highest compensation for your injuries.
If you have a legal question about a Mesothelioma lawsuit, you don’t have to come into our office. Call us, and you’ll speak directly to a lawyer, and if a lawyer is not available, They will return your call as quickly as possible.
Workers and Asbestos-Containing Products
People that worked in shipyards, refineries, power plants, mills, factories, plants, salvage yards, engine rooms, installing brakes, gaskets, insulation, valves, and pipes have a higher risk of developing an asbestos-related disease in their lifetime.
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