MESOTHELIOMA TRUST FUNDS
How to File a Claim on a Mesothelioma Trust Fund
Given the number of lawsuits and litigation that have arisen out of asbestos exposure and mesothelioma, trust funds have been set up to compensate victims. These trust funds try to ensure that all claims of injuries arising from asbestos are paid. There are many positive aspects to trust funds, including:
- Funds require mandatory contributions from companies responsible for asbestos exposure.
- Funds allow companies to plan their expenditures for compensation.
- Funds require a company to commit at least 50 percent of a reorganized equity from a business bankruptcy to a trust fund used to pay asbestos claims.
- Funds eliminate the need for costly and drawn-out litigation.
The trust fund concept also results in a simplification of payments. A schedule of benefits is established to create a fair payment system based on the patient’s condition and level of impairment. This schedule ensures timely payment and avoids delays from a complex tort system. Most patients do not have years to wait for a settlement, and trust funds make that process much more efficient.
Mesothelioma Trust Funds in California
In order to learn more about trust funds, we invite you to speak with one of our lawyers at Kaiser Gornick LLP. We can help explain how financial assistance from a trust fund can help cover medical costs and other expenses.
We can also answer any questions about how to file a claim for money against a trust fund in California or anywhere in the nation.
Contact us at (800) 824-8234 to speak with an attorney or schedule a free initial consultation online.