(855) 575-6376

The Role of Asbestos Trust Funds in Mesothelioma Compensation

Legally Reviewed by Joseph P. Williams on October 14, 2024

Asbestos trust funds are accounts that provide compensation to individuals who have been diagnosed with mesothelioma or other asbestos-related diseases after being exposed to asbestos. The role of these trust funds in mesothelioma cases is to provide compensation to affected parties from the bankrupt companies that manufactured asbestos products without them being sued. 

At The Williams Law Firm, P.C., Joe Williams, our esteemed founding attorney, has over three decades of experience securing successful verdicts for clients who have been exposed to asbestos. He has never lost a mesothelioma case for a client, meaning you can rest assured that a knowledgeable and trusted legal professional is handling your case. It is his goal to fight for the justice and fair compensation you deserve by providing the personalized and dedicated legal representation necessary.

Understand Asbestos Trust Funds and Their Role in Mesothelioma Compensation

The companies that created products using the harmful mineral asbestos have created trust funds for victims who have suffered from mesothelioma and other asbestos-related diseases. These trust funds are a way for these companies to provide affected individuals with compensation without having to be sued and go through the legal process of a mesothelioma case. 

To qualify for compensation from an asbestos trust fund, you must meet the following requirements:

  • Exposure: You must be able to provide evidence that can prove that you were exposed to asbestos from the company that established the asbestos trust fund. 
  • Diagnosis: In order for you to be eligible for compensation from an asbestos trust fund, you must also receive a diagnosis of an asbestos-related illness, like mesothelioma or other lung cancers. 
  • Family member: If the individual who suffered the asbestos exposure has passed away, their family members may be eligible to recover compensation from an asbestos trust fund.

If you are unsure if you are eligible to receive compensation from an asbestos trust fund, consult a mesothelioma attorney today.

What to Know About Submitting a Claim to an Asbestos Trust Fund

When considering pursuing compensation from an asbestos trust fund for your mesothelioma case, it is important to consider the following:

  • Asbestos trust funds for different bankrupt companies will have their own statute of limitations for filing a mesothelioma claim. 
  • Different asbestos trust funds have different payout percentages. 
  • You may need to file a mesothelioma claim with each asbestos trust that owes you compensation. Your mesothelioma lawyer may be able to help you determine which companies could owe you compensation by investigating the details of your case.
  • You may have to waive your right to pursue legal action against the company that established the asbestos trust fund when you submit your claim. 

A knowledgeable mesothelioma attorney can help you determine your eligibility and find the appropriate asbestos trust funds to file your claim against. Regardless of the circumstances and unique factors surrounding your claim, your skilled attorney will help you build a strong claim and fight for the compensation you deserve.

Securing Your Future With Asbestos Trust Funds

Navigating the complexities of asbestos trust funds can be overwhelming, but you don’t have to do it alone. At The Williams Law Firm, P.C., we are committed to helping you secure the compensation you deserve from these funds, allowing you to focus on your health and recovery. With over 30 years of experience, lead attorney Joe Williams has successfully guided many mesothelioma patients through the claims process, ensuring that they receive the maximum compensation possible.

Trust in our extensive knowledge and dedication to your case. We will work tirelessly to investigate your claim, identify the relevant trust funds, and file the necessary claims on your behalf. Contact us at (855) 575-6376 or through our contact form here to discuss your options today.

Free consultation

  • This field is for validation purposes and should be left unchanged.
  • This field is for validation purposes and should be left unchanged.