{"id":916,"date":"2023-04-07T12:08:42","date_gmt":"2023-04-07T16:08:42","guid":{"rendered":"https:\/\/www.mesotheliomahope.com\/?page_id=916"},"modified":"2025-09-03T23:31:51","modified_gmt":"2025-09-04T03:31:51","slug":"asbestos-trust-funds","status":"publish","type":"page","link":"https:\/\/www.mesotheliomahope.com\/legal\/asbestos-trust-funds\/","title":{"rendered":"Mesothelioma and Asbestos Trust Funds"},"content":{"rendered":"

What Are Asbestos Trust Funds?<\/h2>\n

\"More<\/p>\n

Asbestos trust funds are special accounts set up by companies that used or made asbestos products. These funds are meant to compensate people who got sick from asbestos exposure.<\/p>\n

The first trusts were established in the 1980s by asbestos companies that declared bankruptcy after facing thousands of mesothelioma lawsuits<\/a>. Many of these companies filed for Chapter 11 bankruptcy to stay in business but avoid being held accountable for their actions (as bankrupt companies can\u2019t be sued).<\/p>\n

However, bankruptcy courts forced these companies to set up mesothelioma trust funds to pay current and future victims \u2014 and there are still billions of dollars available in them today.<\/p>\n

By filing with multiple trusts, many people receive $300,000\u2013$400,000 on average, and some recover more depending on their exposure history. Many of the people we\u2019ve helped received their first asbestos trust payouts in 90 days or less.<\/strong><\/p>\n

Qualifications for Asbestos Trust Funds<\/h2>\n

Asbestos trusts hold billions of dollars meant solely to help people with mesothelioma<\/a> and other serious asbestos-related illnesses.<\/p>\n

You may be able to file claims with an asbestos trust fund if:<\/strong><\/p>\n

    \n
  1. You were diagnosed with mesothelioma, lung cancer, or another asbestos-related disease.<\/li>\n
  2. A family member was diagnosed with or passed away from an asbestos-related illness.<\/li>\n<\/ol>\n

    Even if you don\u2019t know how you or your loved one was exposed to asbestos, our team can determine if you\u2019re owed money from a mesothelioma trust.<\/p>\n

    \"\"

    “\u200b\u200bI don\u2019t think people quite understand how those trust funds are put together. The money is there. It has been put there to meet the needs of mesothelioma families and to pay them. Don\u2019t feel guilty about it.\u201d<\/p>\n