What Is a Mesothelioma Trust Fund?
Mesothelioma and asbestos trust funds are dedicated accounts set up to provide compensation to those with mesothelioma and other diseases as a result of asbestos exposure. Asbestos manufacturers created these trust funds as part of Chapter 11 bankruptcy protection.
Mesothelioma patients may be eligible to file claims with multiple trust funds. An experienced asbestos trust fund lawyer can gather the necessary evidence to prove your exposure and help you navigate the claims process.
You Have Limited Time to File a Claim
Get Free Help Now
How Asbestos Trust Funds Work
Companies that used asbestos have faced numerous lawsuits from people who became ill from asbestos exposure. The large number of asbestos claims forced many companies to declare bankruptcy. As a condition of their bankruptcy protection, these companies created trust funds to manage active and future asbestos claims.
Those with mesothelioma who were exposed to asbestos by their employer should discuss their eligibility for a trust with a lawyer. Eligible claimants can include those exposed secondhand, such as household members. Family members who lost a loved one from asbestos exposure can also file a claim.
List of Asbestos Trust Funds
The following is a list of some of the most prominent asbestos trust funds available to mesothelioma patients and their families.
| Company | Estimate of Initial Assets | Years Established |
|---|---|---|
| United States Gypsum Trust | $3.9 billion | 2006 |
| Owens Corning Corporation Trust | $3.4 billion | 2006 |
| Pittsburgh Corning Corporation Trust | 3.4 billion | 2011 |
| W.R. Grace and Co. Trust | $2.9 billion | 2001 |
| DII Industries Trust | $2.5 billion | 2005 |
| Johns-Manville Corporation Trust | $2.5 billion | 1988 |
| Armstrong World Industries Trust | $2 billion | 2006 |
| Western Asbestos (Western MacArthur) Trust | $2 billion | 2004 |
| Babcock & Wilcox Trust | $1.8 billion | 2006 |
| Owens Corning Fibreboard Subfund Trust | $1.5 billion | 2006 |
Don’t Wait! Time to File is Limited
Can You File Multiple Asbestos Trust Claims?
It is common to file claims against more than one asbestos trust. Pleural mesothelioma patients may be able to file against multiple trusts to receive compensation from companies that played a role in exposing them to asbestos and causing their cancer. If a patient did not pursue legal options when they were alive, then family members may file a claim after the death of a loved one resulting from mesothelioma.
How to File Trust Fund Claims
Comparing Mesothelioma Trust Fund Claims to Other Claims
Trust fund claims differ from lawsuits and VA claims, but they can still offer significant compensation for those injured by asbestos products.
Lawsuits
Handled in civil courts
Payouts range from $5 million to $11.4 million
Trust Fund Claims
Operate outside of the courts
Payout range from $7,000 to $1.2 million
VA Claims
The VA oversees benefits
Payout amounts depend on injuries and dependents
Common Questions
A mesothelioma lawyer can help you or a loved one file a mesothelioma lawsuit. Mesothelioma lawyers are experts at tracking down the cause of your exposure and can find the liable companies.
Yes. Each state sets a time limit for filing a mesothelioma lawsuit. It’s important to contact a mesothelioma lawyer soon after your diagnosis to avoid missing the filing deadline.
Experienced mesothelioma lawyers will make the process of filing a claim easy for you. They understand the intricacies of the disease and will provide compassionate guidance for you and your family, so you can focus on your treatment and spending time with loved ones. In most instances, a mesothelioma patient will never have to leave their house to pursue an asbestos claim.
We specialize in helping patients nationwide who have been diagnosed with preventable asbestos-related diseases and helping patients gain compensation from those responsible. We’re proud of the trust patients have in our resources.
Most asbestos-related lawsuits never go to trial. Many cases are settled out of court long before a trial begins, and a number of others are settled during the trial process. However, if a fair settlement cannot be reached, your case may go to trial.
