Mesothelioma Trust Funds
If mesothelioma has touched your life in any way, you’re probably facing overwhelming uncertainty. It’s a disease that not only robs lives but also steals security and hope. It’s time to take back control and get the peace of mind you deserve.
Welcome to mesotheliomatrustfunds.com. Our mission is to give you the information and knowhow you need to navigate a mesothelioma diagnosis, from connecting you with the nation’s top mesothelioma doctors to assisting you through the complicated mesothelioma trust fund process. Our exclusive services include free medical resources that can help heal your mind and body, access to specialized doctors and cancer centers and individualized resources that will explain your legal options. We are dedicated to providing you with a reliable network of information and support.
What are Asbestos Trust Funds?
In the early 1970s, authorities began publically recognizing the dangers of asbestos and its link to mesothelioma. As a result, thousands of injured victims filed lawsuits and dozens of companies filed Chapter 11 bankruptcy. The first was Johns-Manville, a manufacturing plant that used asbestos in insulation and roofing materials. The court system forced Johns-Manville to establish a trust fund that would help pay injured victims despite the bankruptcy.
So far, more than 60 companies have filed Chapter 11 bankruptcy due to asbestos claims. Each has established a bankruptcy trust, which totals more than $30 billion overall.
Mesothelioma sufferers who have mounting medical bills and a dwindling bank account have several options for their financial future. One of the most reliable and dependable options is a mesothelioma trust fund.
Billions Available for Patients and Families
Mesothelioma trust funds date back decades ago, when injured patients realized asbestos companies were duping them. Most, if not all, asbestos companies knew about asbestos dangers in the early 1920s, but they kept it secret so workers wouldn’t know. Today, more than $30 billion has been put into trust for injured workers and their families. Critics say there’s not nearly enough money to adequately compensate all of the injured victims, so those who want to make a claim are urged to move quickly.
Compensation for Victims
If you or a loved one has been diagnosed with mesothelioma, a bankruptcy claim or a lawsuit can help pay for necessary medical treatment and unpaid household expenses. It can also help build a savings for your family that will protect them from future financial problems.
Because there are many complicated steps to filing a bankruptcy claim or a lawsuit, experts advise mesothelioma victims to contact the best legal professionals for this work. A skilled mesothelioma attorney will make the difference between a modest settlement or a life-changing one. Our Patient Advocates can help guide you in the best direction for your case.
Settlements and Claims
At the same time, many mesothelioma victims take their cases to the court system for an award. While the best attorneys are prepared to take all mesothelioma cases to trial, these cases often never reach a courtroom. Instead, most companies prefer to settle out of court.
While it’s impossible to predict how much a mesothelioma case is worth, settlement amounts often cover medical expenses, physical and mental distress and current and future lost wages. The average settlement is between $1 million and $1.4 million.