Mesothelioma and Asbestos Trust Funds
Asbestos trust funds were established by bankrupt manufacturers of asbestos-containing products in order to compensate those with mesothelioma and related diseases. A mesothelioma attorney can help victims pursue trust fund compensation if they have developed an asbestos-related disease.
What Is an Asbestos Trust Fund?
These special trusts compensate those who developed asbestos-related diseases like mesothelioma — or those who could get sick later in life — after being exposed to the company’s asbestos-based products. See our asbestos trust fund list below.
Victims may be able to receive compensation for:
- Lung cancer
- Other asbestos-caused cancer
Mesothelioma is the most serious asbestos-related disease because of its poor prognosis. Due to this, patients with this cancer often receive the highest amount of compensation possible from mesothelioma trusts.
For immediate help accessing mesothelioma trust funds, reach out to our team of Patient Advocates today at (855) 924-1610.
How Much Mesothelioma Trust Fund Money Can I Receive?
This depends on which asbestos-based products you are exposed to and if the companies that manufactured them set up mesothelioma trust funds.
Many mesothelioma patients can file claims with multiple trusts as more than one company may be responsible for a victim’s asbestos-related illness. The more trusts you qualify for, the more compensation you can pursue.
On average, mesothelioma victims receive $1 million in total from asbestos trust funds and other forms of legal action.
For best results, reach out to skilled attorneys who can help determine which asbestos and mesothelioma trust funds you can access.
Who Is Eligible to File an Asbestos Trust Fund Claim?
Anyone with an asbestos-related disease — such as retired workers or U.S. veterans — may be able to file a trust fund claim. Family members or other relatives may also be able to file trust claims on a patient’s behalf.
However, there are time limits on how long you have to file an asbestos trust fund claim after your mesothelioma diagnosis. If these limits pass, you may not be able to pursue any money. It’s important to explore your options as soon as possible to avoid missing out on compensation.
Recent Asbestos Trust Fund Settlements
Because mesothelioma is so aggressive, claimants with this cancer tend to recover more compensation than those suffering from other asbestos-related illnesses like asbestosis.
Some examples of recent payouts include:
- Armstrong World Industries: $110,000
- Babcock & Wilcox Company: $90,000
- Fibreboard: $135,000
- Owens Corning: $215,000
- United States Gypsum Company: $155,000
These numbers represent the settlement amounts before rates called payment percentages were applied. Trusts may only pay out a percent of the total claim’s value so they don’t run out of money for future victims.
Asbestos Trust Fund List
If you have mesothelioma and worked for one (or more) of the companies listed below, you may be able to file claims with their mesothelioma trust funds.
You still may be able to file a claim if you don’t see the company you worked for. There are hundreds of other asbestos companies not listed that may have trust funds.
In total, an estimated $30 billion is available in asbestos trust funds today.
|Company||Initial Funding||Year Established|
|Armstrong World Industries||$2.06 billion||2006|
|ASARCO LLC||$830 million||2009|
|Babcock & Wilcox Company||$1.84 billion||2006|
|Combustion Engineering||$1.24 billion||2006|
|Congoleum Corporation||$270 million||2010|
|DII Industries, LLC||$2.51 billion||2005|
|Eagle-Picher Industries||$730 million||1996|
|Federal Mogul U.S. T&N Subfund||$635 million||2007|
|Federal Mogul U.S., FMP Subfund||$55 million||2007|
|Kaiser Aluminum||$1.22 billion||2006|
|National Gypsum Company (NGC)||$446 million||1993|
|Owens Corning||$3.42 billion||2006|
|Owens Corning, Fibreboard Subfund||$1.56 billion||2006|
|Pittsburgh Corning Corporation||$825 million||2013|
|Porter Hayden Company||$40 million||2006|
|Quigley Co. Inc.||$569 million||2013|
|Raytech Corporation||$52 million||2000|
|United States Gypsum||$3.96 billion||2006|
|Western Asbestos||$2 billion||2004|
|W.R. Grace||$3 billion||2014|