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.

Frequently Asked Questions

Asbestos compensation refers to the financial restitution that individuals who have developed illnesses, such as mesothelioma, as a result of asbestos exposure can receive. This compensation can cover medical expenses, lost wages, pain and suffering, and other related costs. It can be obtained through lawsuits, asbestos trust fund claims, settlements, and workers’ compensation.

Individuals diagnosed with illnesses caused by asbestos exposure, such as mesothelioma, lung cancer, or asbestosis, are eligible for asbestos compensation. Additionally, family members of those who have died from asbestos-related diseases may also be eligible to file claims for wrongful death.

The time it takes to receive asbestos compensation can vary widely depending on the complexity of the case, the method of seeking compensation, and whether the case goes to trial or is settled out of court. It may take several months to over a year to receive compensation.

Yes, family members of deceased asbestos victims can file a wrongful death claim. These claims can help cover medical bills, funeral expenses, loss of income, and loss of companionship. It is important to consult with a lawyer to understand the specific requirements and process for filing a wrongful death claim

Documents needed for filing an asbestos compensation claim typically include:
Medical records confirming the diagnosis of an asbestos-related disease.
Employment records showing asbestos exposure.
Documentation of medical expenses, lost wages, and other related costs.
Proof of relationship for wrongful death claims.
Witness statements or affidavits.

The amount of compensation one can expect to receive varies widely based on factors such as the severity of the illness, the level of asbestos exposure, the liable parties, and the jurisdiction. Compensation can range from tens of thousands to several million dollars.

Yes, there are deadlines, known as statutes of limitations, for filing asbestos claims. These time limits vary by state and can range from one to several years after diagnosis or the victim’s death. It is important to consult with a lawyer as soon as possible to ensure your claim is filed within the applicable time frame.

A lawyer plays a crucial role in the asbestos compensation process by:
Evaluating your case and determining eligibility for compensation.
Gathering and organizing necessary documentation.
Filing claims and representing you in legal proceedings.
Negotiating settlements with liable parties.
Ensuring that all legal deadlines are met and that your rights are protected

Yes, you can file a claim even if the asbestos exposure occurred decades ago. The long latency period of asbestos-related diseases means that many cases are filed years after the initial exposure. It is important to consult with a lawyer to understand the specific time limits and requirements for your case

Yes, there are support groups specifically for asbestos victims and their families. These groups provide a platform for sharing experiences, receiving emotional support, and gaining information about treatment options and compensation. You can find support groups through mesothelioma advocacy organizations, cancer treatment centers, and online communities.

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