Have you or a loved one been diagnosed with mesothelioma? This aggressive form of cancer is caused by exposure to asbestos, which was commonly found in building materials and other products throughout the 20th century. If you’re dealing with a mesothelioma diagnosis, you may be facing expensive medical bills, lost income, and other financial challenges. Fortunately, there are mesothelioma trust settlements available to help you get the help you need. Keep reading to learn more about these settlements and how they can benefit you.
What Are Mesothelioma Trust Settlements?
Mesothelioma trust settlements are funds set aside by companies that were responsible for exposing workers and consumers to asbestos. These funds are designed to compensate individuals who have been diagnosed with mesothelioma or other asbestos-related illnesses. By filing a claim with a mesothelioma trust, you can potentially receive compensation for medical bills, lost income, and other expenses related to your illness.
How Do Mesothelioma Trusts Work?
When companies set up mesothelioma trusts, they often assign a trustee to manage the fund. This trustee is responsible for managing the assets in the trust and distributing funds to claimants as needed. Mesothelioma trust claims are typically processed by third-party administrators, who are responsible for reviewing claims and determining the amount of compensation that should be paid to each claimant.
What Are the Benefits of Filing a Mesothelioma Trust Claim?
If you’ve been diagnosed with mesothelioma, filing a claim with a mesothelioma trust can provide several key benefits. First, it can help you cover the cost of expensive medical treatments, including surgery, chemotherapy, and radiation. Additionally, it can help you recoup lost income if you’ve had to take time off work or retire early due to your illness. Finally, mesothelioma trust settlements can provide peace of mind by ensuring that your family is financially secure even if you’re unable to work or pass away.
How Can I Find a Mesothelioma Trust Lawyer?
If you’re considering filing a mesothelioma trust claim, it’s important to work with an experienced mesothelioma lawyer who can guide you through the process. Your lawyer can help you identify which trusts you may be eligible to file a claim with and can assist you in gathering the necessary medical and employment records to support your claim. To find a mesothelioma lawyer near you, consider reaching out to a national mesothelioma law firm or searching online for attorneys in your area who specialize in mesothelioma cases.
How to File a Mesothelioma Trust Claim
If you’re ready to file a mesothelioma trust claim, here are the basic steps you’ll need to follow:
1. Gather Medical and Employment Records
To file a mesothelioma trust claim, you’ll need to provide documentation showing that you’ve been diagnosed with mesothelioma and that you were exposed to asbestos while working for a company that has a trust in place. Be sure to gather medical records from your doctor and employment records from your former employer.
2. Identify the Trusts You’re Eligible to File With
There are dozens of mesothelioma trusts currently in operation, each of which has its own eligibility criteria and claims process. Your mesothelioma lawyer can help you identify which trusts you may be eligible to file a claim with based on your work history and diagnosis.
3. Submit Your Claim
Once you’ve identified the mesothelioma trusts you’re eligible to file with, you’ll need to submit your claim to each trust’s claims administrator. Your mesothelioma lawyer can help you prepare and submit your claim package, which will include your medical and employment records as well as any other supporting documentation.
4. Wait for a Decision
After you’ve submitted your claim, the mesothelioma trust’s claims administrator will review your application and determine whether or not to award you compensation. This process can take several months or more, so it’s important to be patient and stay in contact with your lawyer throughout the process.
FAQs About Mesothelioma Trust Settlements
1. What is the average mesothelioma trust settlement amount?
The average mesothelioma trust settlement amount varies depending on several factors, including the severity of your illness, your work history, and the specific trust you’re filing with. Your mesothelioma lawyer can give you a better estimate of what you may be eligible to receive based on your individual circumstances.
2. Can I file a mesothelioma trust claim on my own, or do I need a lawyer?
While it’s possible to file a mesothelioma trust claim on your own, it’s generally recommended that you work with an experienced mesothelioma lawyer who can guide you through the process and ensure that you receive the maximum amount of compensation possible.
3. Are there time limits for filing a mesothelioma trust claim?
Yes, there are typically time limits for filing mesothelioma trust claims. These time limits vary depending on the specific trust you’re filing with, so it’s important to work with a mesothelioma lawyer who can help you stay on top of deadlines and ensure that your claim is filed in a timely manner.
4. What happens if I’m not eligible to file a claim with a mesothelioma trust?
If you’re not eligible to file a claim with a mesothelioma trust, you may still be able to receive compensation by filing a lawsuit against the companies responsible for your asbestos exposure. Again, it’s important to work with a mesothelioma lawyer who can help you explore all of your legal options.
5. How long does it take to receive a mesothelioma trust settlement?
The timeline for receiving a mesothelioma trust settlement can vary depending on several factors, including the specific trust you’re filing with and the complexity of your claim. In some cases, claims may be processed in a matter of months, while in other cases it may take a year or more to receive a settlement.
6. Is filing a mesothelioma trust claim taxable?
The tax implications of filing a mesothelioma trust claim can vary depending on your individual circumstances. Be sure to consult with a tax professional to understand how your settlement may impact your taxes.
7. Can I file a mesothelioma trust claim if I live outside the United States?
Yes, it’s possible to file a mesothelioma trust claim even if you’re not a U.S. citizen or resident. However, the process may be more complex if you live outside the United States, so it’s important to work with a mesothelioma lawyer who has experience handling international claims.
Take Action Today to Secure Your Settlement
If you’re dealing with a mesothelioma diagnosis, don’t wait to take action. Filing a mesothelioma trust claim can provide you with the financial support you need to cover medical bills, lost income, and other expenses related to your illness. To get started, reach out to an experienced mesothelioma lawyer today to schedule a consultation and learn more about your legal options.
Disclaimer
The information in this article is not legal or medical advice and should not be relied upon as such. Consult with a qualified attorney and medical professional to understand your rights and options if you or a loved one has been diagnosed with mesothelioma or another illness related to asbestos exposure.
| Mesothelioma Trust | Amount Funded | Number of Claimants Paid |
|---|---|---|
| Johns-Manville | $2.5 billion | about 600,000 |
| Owens Corning | $2.2 billion | about 450,000 |
| WR Grace | $1 billion | about 57,000 |
| Halliburton/KBR | $54 million | about 400 |
