Mesothelioma & Asbestos Trust Funds

Legally Edited and Fact-Checked by:Ricky A. LeBlanc, Managing Attorney, Sokolove Law

What Are Asbestos Trust Funds?

Asbestos trust funds are a type of compensation set aside for victims of mesothelioma and other asbestos-related diseases.

For decades, manufacturers of asbestos-containing products tried to avoid lawsuits by filing for protection under bankruptcy laws.

However, courts required the companies that filed for bankruptcy to set aside money in asbestos trusts to pay victims and their families.

Play Video

Video Summary: Asbestos Trust Funds allow current and future mesothelioma victims to pursue compensation from companies that have declared bankruptcy. Let Sokolove Law help you determine which trust funds you may be eligible for and file a claim on your behalf. View Transcript.

For all of these companies that knew they were poisoning people, there were people that we can't file lawsuits against because at some point, they filed for bankruptcy protection. In those cases, many of those companies have established a trust fund unique to each one of the manufacturers, is not one big fund for the purpose of paying individuals who have been harmed by their products. If they have a trust fund, then that claim is separate from filing a lawsuit. Lawyers are going to be best to identify who those trusts are and to fill out the paperwork in a proper way to make sure that you actually get the money that's been sitting there in a trust for you. The only choice you have is to file a claim with the bankruptcy trust administrator. Those can move very fast, they can be paid very soon. So, I've seen those as early as six weeks but the norm is probably two or three months. Make sure you actually look into whether there is a claim or not there are time limits, if you wait, you could lose out. If you're fearful about seeing a lawyer and you're apprehensive about it because you don't want to sign anything, you don't want to commit anything, I'm not ready. Emotionally all understandable, we see it every day it doesn't mean you shouldn't talk to us. Reach out, talk to a lawyer and find out if maybe there is a case. If you or a loved one have been diagnosed with mesothelioma, Sokolove Law is here to help. Call us today at 800-647-3434.

Depending on your exposure history, you may be able to get compensation from multiple trust funds as well as a mesothelioma lawsuit.

Call Sokolove Law right now at (800) 647-3434 to see if you qualify for compensation from mesothelioma trust funds.

$30 Billion Still in Mesothelioma Trust Funds

Billions of dollars still remain available for those who were harmed by asbestos exposure. Our mesothelioma attorneys can identify the asbestos-containing products responsible for your illness — and pursue compensation from the company that made them.

Filing an asbestos trust fund claim:

• Results in compensation faster than a lawsuit
• Can be filed from the comfort of your own home
• Doesn’t require you to testify in court
• Awards an average of $300,000-400,000 total

At Sokolove Law, we know the hardship mesothelioma brings on families like yours, which is why we're dedicated to fighting for the results you deserve.

Who Can File Mesothelioma Fund Claims?

Anyone diagnosed with an asbestos-related disease may be eligible for compensation from mesothelioma fund claims.

In short, you may be able to file an asbestos claim if you’re the:

• Victims of mesothelioma, lung cancer, or other asbestos-related diseases
• The victim’s spouse or immediate family members
• The victim’s estate representative

Even if your loved one is deceased, you may be able to file an asbestos trust fund claim on their behalf.

Not sure if you qualify? Call (800) 647-3434 today. We can listen to your story and help you understand your legal options.

"I really appreciate Sokolove Law. They help you, and they treat you like a person and not a number."
– Dennis, Firm Mesothelioma Client

Average Asbestos Trust Fund Payouts in 2023

Mesothelioma trusts pay out different amounts of compensation depending on a patient’s diagnosis and exposure history.

Depending on how many products you were exposed to, you may be able to file multiple trust fund claims, which can increase your total results.

In some cases, asbestos claims can amount to $750,000 or more, though that amount will vary greatly based on the unique details of each claim.

Working with an experienced mesothelioma lawyer is the best way to maximize how much you get from asbestos trust payouts since you need to prove you were exposed to the company's products to qualify.

Let us help you get the money you deserve. Fill out our contact form now for a free, no-obligation case review.

Sokolove Law: Maximizing Asbestos Claim Payouts Since 1979

At Sokolove Law, our asbestos attorneys have databases of evidence that can establish which manufacturers are at fault for your illness. We’ll pursue compensation from every avenue available to you if you have a case.

Our dedicated, knowledgeable, and compassionate team of legal professionals can handle every aspect of filing an asbestos trust claim on your behalf, so you focus on your health and loved ones.

Learn how our asbestos trust fund lawyers stand out from the rest: 

• Decades of Experience: For over 40 years, Sokolove Law has helped mesothelioma patients and their families get the results they deserve.
• Billions of Dollars in Results: We’ve recovered over $4.8 Billion on behalf of clients with mesothelioma and their families.
• Databases of Products and Job Sites with Asbestos: Our team can determine when, where, and how your exposure to asbestos took place, in addition to the company responsible for your illness.
• Thousands Helped Nationwide: We’ve helped over 8,300 clients with mesothelioma and asbestos-related disease across the country — more than any other asbestos law firm.
• Dedicated Team on Your Side: Clients at Sokolove Law work with a team of experienced legal and medical professionals, including a senior shareholder, multiple asbestos attorneys, registered nurses, paralegals, investigators, and more.
• No Hourly Fees or Financial Risks: Our team works on a contingency-fee basis, which means we only get paid if your case results in compensation.

Let us put our experience to work for you. Call (800) 647-3434 now to see if you have a case.

List of Asbestos Trust Funds

The following is a partial list of asbestos companies with compensation available to current and future victims with valid mesothelioma fund claims.

Don’t see the company that made the products you were exposed to listed above? It doesn’t mean you don’t have a potential case or can’t access mesothelioma compensation.

After decades of mergers, acquisitions, and restructuring, many trusts have different names — but funds may still be available. Contact us today to learn more about the options available to you.

How to File Asbestos Trust Claims

With experienced legal representation, filing an asbestos trust fund claim can be a surprisingly straightforward process, one that we can help you navigate every step of the way — at no out-of-pocket cost.

When you work with Sokolove Law, your asbestos attorney and legal team can:

• Conduct an investigation to identify the asbestos-containing products you may have been exposed to
• Gather evidence about your work history and potential asbestos exposure
• Collaborate with expert witnesses to prove your diagnosis and exposure
• File your asbestos claims with any trusts established by the companies responsible for your exposure
• Secure asbestos trust fund payouts on your behalf once the claim is liquidated

In many cases, you can file both an asbestos trust claim and a mesothelioma lawsuit to maximize your compensation and hold each company responsible for your illness accountable.

Asbestos Claim Payout Timeline

While the length of time it takes to secure asbestos trust fund payouts will vary for each case, many victims begin receiving compensation in as few as 90 days.

Asbestos trust fund claims often provide victims with much-needed compensation quicker than a mesothelioma lawsuit because of how they’re paid out.

Asbestos trust funds review and pay out claims in two ways: 

• Expedited review: If you meet certain requirements, you can receive a fixed amount of money from the trust fund. This helps victims get funds sooner.
• Individual review: If your case is more complex, administrators will carefully study your medical records and asbestos history. While these reviews take longer, they work to provide meaningful compensation for those with less straightforward cases.

Your legal team can recommend which type of claim review is best based on the facts of your case.

Asbestos Claim Payouts & Compensation Options

Based on your work history and the data collected by our mesothelioma lawyers, we can often link asbestos exposure to several products, potentially made by multiple companies.

Because of this, you may qualify for compensation in multiple ways, like from:

• Asbestos or mesothelioma fund claims: Clients are often entitled to asbestos payouts from multiple asbestos bankruptcy trusts.
• Mesothelioma lawsuit settlements and verdicts: Victims and their families may be able to file a lawsuit against any non-bankrupt companies responsible for your exposure to asbestos.
• Veterans Affairs (VA) benefits: Filing an asbestos claim won’t impact your VA benefits. You may still seek assistance from the U.S. Department of Veterans Affairs in disability compensation, health care coverage, and other benefits if you’re a veteran with mesothelioma or another asbestos-related disease.

Past Asbestos Trust Funds Payout Amounts

A former operating engineer diagnosed with pleural mesothelioma received $187,438 in asbestos bankruptcy claims. His legal team used his work and asbestos exposure histories to identify multiple products he was exposed to.

He also filed additional asbestos lawsuits, bringing his total compensation to over $2 Million.

By pursuing all avenues of legal action, our asbestos lawyers can fight for the maximum amount of mesothelioma compensation available in your case.

Access Mesothelioma Settlement Funds Now

Sokolove Law is the first truly national mesothelioma law firm, with a network of offices and licensed attorneys in nearly every state.

After decades of experience, our mesothelioma attorneys have gathered a warehouse of files, evidence, and other resources on asbestos-containing products that we use to determine which products you were exposed to — and which companies may owe you money.

If you or a loved one has been diagnosed with mesothelioma, our experienced and knowledgeable team is ready to help you access mesothelioma settlement funds.

Get started now by calling (800) 647-3434 or filling out our contact form for a free case review.

Asbestos & Mesothelioma Fund Claims FAQs