How do you get compensation from a mesothelioma trust?

On Behalf of | Jun 24, 2021 | Asbestos & Mesothelioma

Mesothelioma is a serious form of cancer that is linked to asbestos exposure. It may cause trouble breathing, chest pain, shortness of breath, a chronic cough, fatigue and other symptoms. 

Most people who develop mesothelioma were exposed on the job or by living in a building where asbestos was released during renovations. These aren’t the only ways exposure occurred, but they were common.

If you develop asbestos-related mesothelioma or are caring for someone who has it, you may be able to seek out compensation. Compensation may be available through a lawsuit or by pursuing a claim against a mesothelioma trust fund. 

What is a mesothelioma trust fund?

A mesothelioma trust fund is a trust fund set up for victims of asbestos exposure. Usually, this kind of fund is established only when a company goes into Chapter 11 bankruptcy. The company may decide to (or be ordered to) set up a trust fund. Trust funds hold assets, usually cash, for victims who come forward later, so that they can make a claim to get compensation without necessarily taking the company back to court. 

Mesothelioma trust funds are managed by trustees. They are responsible for reviewing all claims and will determine if a payout is warranted. 

How do you make a mesothelioma claim against a trust fund?

The first step is to find out if a company or other party that may have exposed you to asbestos has a trust fund. If so, then the next step is to put together a claim. The trust may have a specific form that you need to fill out or specific requirements for medical documentation of mesothelioma or other asbestos-related illnesses.

At this point, many people talk to their attorneys about the trust fund and settlement option. Usually, a trust fund is only established once a company goes into bankruptcy, but in some cases, there may be other methods of seeking compensation that would be better for a particular claimant. 

If you want to make a claim, it’s a good idea to look into all your options for seeking compensation. A trust is only one of several options that you may have to get the money that is deserved.