Nowadays it is a well known fact that asbestos exposure can cause devastating illnesses including lung cancer and mesothelioma.
Asbestos victims trust fund.
Asbestos trust funds are funds created to compensate victims of mesothelioma caused by asbestos manufacturers.
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.
And more than 18 billion has been paid to asbestos victims since the 1980s.
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.
Asbestos victims and loved ones can file a trust fund claim to receive compensation.
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.
Access the 30 billion in trust funds for mesothelioma victims.
Further the trusts award claimants based on what asbestos related disease they were diagnosed with.
Asbestos trust fund claims are an important asset to victims and their families but some limits exist.
There are currently 60 active asbestos trust funds in the u s.
Financial assistance can help with a variety of hardships families face after a death or diagnosis.
A mesothelioma attorney can help victims pursue trust fund compensation if they have developed an asbestos caused illness.
Financial assistance can help with a variety of hardships families face after a death or diagnosis.
What are asbestos trust funds.
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 funds were established by bankrupt asbestos containing product companies in order to compensate victims of asbestos related diseases.
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.
What are asbestos trust funds.
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.
Trust fund payments vary widely from one trust to another but billions of dollars are available to people with mesothelioma.
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 trust funds pay victims based on a predetermined schedule.
