How Many Mesothelioma Trusts Are There in the US?

Introduction

Greetings to all of our readers who are concerned about mesothelioma trusts in the US. Mesothelioma is a form of cancer that is caused by exposure to asbestos. Asbestos use was widespread in the US during the majority of the 20th century. As a result, many people have been exposed to asbestos and have developed mesothelioma. Asbestos manufacturers have been held responsible for the injuries and deaths of many individuals affected by their products through mesothelioma trusts. In this article, we will explore the number of mesothelioma trusts that exist in the US and provide an in-depth explanation of how these trusts work.

How Many Mesothelioma Trusts Are There in the US?

Mesothelioma trusts were established to manage the payment of compensation to individuals who have been injured by asbestos. These trusts are typically established by companies that have used or manufactured asbestos-containing products in the past. The purpose of these trusts is to compensate victims of mesothelioma and other asbestos-related illnesses.

According to the latest data available, there are over 60 mesothelioma trusts in the US. These trusts have been established by companies that have been found to have used asbestos in their products. Many of these trusts have been established as part of bankruptcy proceedings to ensure that compensation is available to victims of mesothelioma and other asbestos-related illnesses.

Name of Trust	Year Established	Amount Funded
Johns Manville	1982	$2.5 billion
U.S. Gypsum	2006	$3.9 billion
Owens Corning/Fibreboard	2006	$2 billion
W.R. Grace	2014	$4 billion

FAQs About Mesothelioma Trusts in the US

1. What is a mesothelioma trust?

A mesothelioma trust is a fund that has been established to pay compensation to individuals who have been exposed to asbestos and have developed mesothelioma. These trusts are typically established by companies that have used or manufactured asbestos-containing products in the past.

2. How many mesothelioma trusts are there in the US?

There are over 60 mesothelioma trusts established in the US. These trusts have been established by companies that have been found to have used asbestos in their products.

3. How much money has been given to victims of mesothelioma through these trusts?

According to the latest data available, over $18 billion has been paid out to victims of mesothelioma and other asbestos-related illnesses through these trusts.

4. Who qualifies for compensation from a mesothelioma trust?

Individuals who have been diagnosed with mesothelioma or other asbestos-related illnesses and have been exposed to asbestos from a particular company’s product are eligible for compensation from that company’s mesothelioma trust.

5. Can I still file a lawsuit if a mesothelioma trust does not exist for the company that exposed me to asbestos?

Yes, you can still file a lawsuit against the company that exposed you to asbestos, even if a mesothelioma trust does not exist. However, if the company has declared bankruptcy, compensation may be limited.

6. How do I file a claim with a mesothelioma trust?

You must contact the mesothelioma trust directly to file a claim. Each trust has its own set of procedures for filing a claim. The trust will review your claim and determine the amount of compensation you are eligible to receive.

7. Is compensation from a mesothelioma trust taxable?

No, compensation received from a mesothelioma trust is generally not taxable. However, you should consult with a tax professional to determine how any compensation you receive may affect your tax situation.

8. What is the statute of limitations for filing a mesothelioma claim?

The statute of limitations for filing a mesothelioma claim varies by state. In most states, the statute of limitations is between one and three years from the date of diagnosis or discovery of the illness. It is important to file a claim as soon as possible to ensure that you receive compensation before the statute of limitations has expired.

9. What types of compensation can I receive from a mesothelioma trust?

You may be eligible to receive compensation for medical expenses, lost wages, pain and suffering, and other damages related to your mesothelioma or asbestos-related illness.

10. Can I still file a claim if I did not work directly with asbestos, but my spouse did?

Yes, you may still be eligible to file a claim if you were exposed to asbestos through secondary exposure, such as from contact with your spouse’s work clothes or from living in a household with someone who worked with asbestos.

11. Can I file a claim if I was exposed to asbestos outside of the US?

Yes, you may be eligible to file a claim if you were exposed to asbestos outside of the US. However, the procedures for filing a claim may differ depending on the country in which you were exposed to asbestos.

12. How long does it take to receive compensation from a mesothelioma trust?

The time it takes to receive compensation from a mesothelioma trust varies depending on the individual trust and the complexity of your claim. It may take several months to a few years to receive compensation.

13. Can I receive compensation from multiple mesothelioma trusts?

Yes, you may be eligible to receive compensation from multiple mesothelioma trusts if you were exposed to asbestos from products manufactured by multiple companies.

Conclusion

In conclusion, mesothelioma trusts have been established to provide compensation to individuals who have been injured by asbestos. There are over 60 mesothelioma trusts in the US, with a total of over $18 billion paid out in compensation to victims of mesothelioma and other asbestos-related illnesses. If you have been diagnosed with mesothelioma or another asbestos-related illness, you may be eligible for compensation from a mesothelioma trust. It is important to file a claim as soon as possible to ensure that you receive the compensation you deserve.

Thank you for reading this informative article about mesothelioma trusts in the US. We hope that the information provided has helped you to understand these trusts and the compensation available for victims of mesothelioma and other asbestos-related illnesses.

Closing/Disclaimer

The information provided in this article is for informational purposes only and should not be considered legal advice. It is important to consult with a qualified attorney if you have questions about filing a claim with a mesothelioma trust or pursuing legal action against a company that exposed you to asbestos. Additionally, we do not endorse any mesothelioma trust or law firm mentioned in this article.