What Are Mesothelioma Trust Funds?
Mesothelioma trust funds are established by bankrupt asbestos companies to compensate individuals affected by asbestos-related diseases, including mesothelioma. These funds ensure that victims can still seek compensation even if the companies are no longer operating.
Key Facts About Asbestos Trust Funds:
- Over $30 Billion Available: There are more than $30 billion in asbestos trust funds for individuals affected by mesothelioma and other related diseases.
- No Lawsuit Required: Trust fund claims don't require going to court, making the process quicker and more straightforward.
- Eligibility Based on Exposure: To qualify for compensation, you need to prove exposure to asbestos through products made or distributed by the companies that created the trust fund.
How Do Mesothelioma Trust Funds Work?
Filing a claim with a mesothelioma trust fund involves a streamlined process compared to traditional lawsuits. Here's a quick overview of the steps:
- Fill Out the Form: Connect with an experienced attorney who will help identify responsible asbestos companies and determine which trust funds you qualify for. Your attorney will also collect evidence, including medical records and documentation of your asbestos exposure.
- Submit the Claim: After gathering the necessary documentation, your attorney will file a claim with the appropriate trust funds. While each fund has different timelines, compensation is typically awarded within a few months.
- Receive Compensation: This compensation can provide crucial financial relief for you and your family, helping cover medical bills, transportation, and lodging expenses during treatment.
Benefits of Filing a Trust Fund Claim
Mesothelioma trust funds offer a quicker, simpler path to compensation compared to traditional lawsuits.
Key Benefits Include:
- Faster Payouts: Trust fund claims often resolve within a few months.
- No Court Involvement: There's no need for trial or courtroom proceedings, reducing stress for patients and families.
- Multiple Claims Allowed: If you were exposed to asbestos from several companies, you can file claims with multiple trust funds.
Trust fund claims can be a critical resource for financial security during this challenging time. If there's been a history of asbestos exposure, it's essential to explore your eligibility for these funds.