Asbestos Compensation

If you have been diagnosed with Mesothelioma or Lung Cancer you could be entitled to significant compensation from both the Asbestos Trust Funds and asbestos product manufactures.

Contact us now for a FREE consultation.

Free Case Review

Asbestos Compensation

If you have been diagnosed with Mesothelioma or Lung Cancer you could be entitled to significant compensation from both the Asbestos Trust Funds and asbestos product manufacturers.

Contact us now for a FREE consultation.

Free Case Review

Asbestos Compensation,
Trust Funds, and Settlements

Compensation from the asbestos manufacturers, employers or Trust Funds is confidential and based on their degree of exposure to various asbestos products. The amount and number of products they were likely exposed to is the basis for any claim. Many times the victims did not even know they were exposed to dangerous levels of asbestos.

How Much Compensation Is Available?

Over $30 Billion was set aside for the victims of asbestos related-diseases.

Ultimately, how much compensation a victim gets varies due the severity of their disease. Patients with no cancer but with lung issues such as asbestosis get the smallest amounts. Those with lung cancer get more and this is usually several hundred thousand dollars.

Victims diagnosed with mesothelioma cancer get the most money. This is due to both the severity of the disease and because mesothelioma can almost always be linked back to numerous asbestos exposures. The average mesothelioma victim gets several hundred thousands of dollars from trust funds, and $1-2 million dollars in out-of-court settlements. If the case goes to trial, the average verdict is around $2.5 million if the defendant is found liable for exposing the victim to their products. Most cases settle before trial.

The Factors Affecting Asbestos Compensation Payouts

Many factors affect the amount of mesothelioma financial compensation given to asbestos victims. The factors that affect the total compensation most are:

Exposure: An asbestos victims exposure history is usually the most important ingredient in determining the amount of compensation available to them. At the top of the list is the venue or state the case is filed. Different jurisdictions may be more favorable to asbestos victims than others. A good asbestos attorney will know immediately which is the most favorable state and court to file a case. Other factors include the age of the victim, number of products they were exposed to and if they were exposed to asbestos before 1980.

Asbestos compensation generally results in more compensation outside the trust funds if the victims family has witnesses to the exposure.

Why Were The Asbestos Trust Funds Created?

Many bankrupt asbestos companies were required to put aside funds in trusts to handle future asbestos injury claims. Companies that used asbestos or manufactured asbestos containing products often had legal exposure and often went into bankruptcy to minimize their liabilities and handle claims.

There are about 70 viable asbestos Trusts with more than $30 billion set aside in to compensate asbestos victims. Trust funds created a way for bankrupt companies to continue compensating people they exposed to asbestos. These trusts have criteria that asbestos victims must meet to be eligible for payouts.

Trust fund claims are available for victims of asbestos-related diseases such as honeycomb lung disease, lung cancer, mesothelioma and asbestosis. A single Trust funds may award as much as much as $125,000 or more to eligible victims or family members. An experienced asbestos attorney can help determine if a mesothelioma patient or family member can file one or more trust fund claims. Since each case is unique the number of available Trusts varies for each victim.

How Do People Get Compensated After They Are Exposed to Asbestos?

Trust funds

Trial verdicts

Settlements

Important Mesothelioma Trust Fund FAQs

Bankrupt asbestos product manufacturers and companies that used asbestos set up trust funds to compensate both present and future victims.

Over the past 30 years, the Asbestos Trusts have paid out billions of dollars in financial compensation

Our lawyers, have helped our clients collect over $1 Billion dollars in Asbestos trust funds and compensation

These Trust Funds still have billions of dollars set aside for victims who develop asbestos-related diseases

How to File an Asbestos Trust Fund Claim

We have over 30 years of experience filing asbestos claims. By analyzing our clients exposure history, we can quickly determine which Trust Funds are available for our clients. In many cases our clients learn for the first time that they were exposed because they had no idea how much asbestos was used in their work and homes. Our experienced Asbestos Attorneys and staff can file the appropriate asbestos trust claims and get money for our clients in a few months. Our mission is to make getting compensation easy make sure our clients get the maximum amount available. Our job is to get our clients needed financial compensation so they can focus on treatment and spending quality time with their friends and family.

How to File an Asbestos Trust Fund Claim

We have over 30 years of experience filing asbestos claims. By analyzing our clients exposure history, we can quickly determine which Trust Funds are available for our clients. In many cases our clients learn for the first time that they were exposed because they had no idea how often asbestos was used in their work and homes. Our experienced Asbestos Attorneys and staff can file the appropriate asbestos trust claims and get money for our clients in a few months. Our mission is to make getting compensation easy make sure our clients get the maximum amount available. Our job is to get our clients needed financial compensation so they can focus on treatment and spending quality time with their friends and family.

Do You Need an Attorney to File For Asbestos Trusts Funds?

An asbestos attorney is important not only for filing a lawsuit, but also for filing a trust fund claim. In many cases, the client did not even know they were exposed so we help them identify multiple points of exposure. Our experienced lawyers provide a variety of services such as determining eligibility, VA claims, negotiations settlement with employers and asbestos product manufacturers so you get the maximum compensation available.

Compensation From The Trust Funds vs. Mesothelioma Lawsuit / Settlements

Asbestos injury victims and family members are eligible for compensation from multiple defendants and Trust Funds. In many cases victims are able to file for the trust fund claims, and also file mesothelioma a lawsuit. The lawsuit is filed against viable or non-bankrupt asbestos containing product manufacturers and sometimes employers. In addition, the government also offers benefits for veterans with duty-related lung cancer or mesothelioma because service members before 1980 were exposed to asbestos.

Asbestos Trust Fund Claim

Mesothelioma Lawsuit

Does Filing For Asbestos Trust Funds Hurt A Mesothelioma Lawsuit?

In some states, trust fund claims can negatively impact lawsuits. An experienced lawyer will be able to determine if filing for multiple trust funds will impact the total recovery of a mesothelioma or lung cancer claim.

In some cases, defendants can get trust funds payouts credited or deducted from a trial verdict. This is the result of laws such as “trust transparency” law which requires victims to disclose approved asbestos trust claims

Our lawyers always take scenarios like this into consideration so they create the best litigation strategy to insure each client gets the most compensation available.

Free Case review

Fill out the form below and get your free case review

MENU