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Various types of compensation exists for Mesothelioma victims. Depending on your case situation. You may file a Personal Injury or Wrongful Death and file a claim against an asbestos Bankruptcy Trust.
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A Known Fact
In 1970, an asbestos trust fund was established after an incursion of asbestos and mesothelioma cases came across the nation.
According to estimates, $30 billion dollars has been set aside for the victims who developed injuries caused due to asbestos exposure.
Do you know even minimal or brief exposure to asbestos can cause mesothelioma cancer?
Unfortunately, it’s true. In some cases mesothelioma victims are wives and children of the workers who unknowingly exposed to asbestos dust by the work clothes of the husband.
Mesothelioma cancer has a long latency period.
It means that mesothelioma victims were exposed to fatal asbestos several years before the illness developed. The average latency period for asbestos related illness is approximately 25-30 years but it can be shorter than 15 years or in some cases longer than 40 years also.
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Mesothelioma Trust Funds
These Trust Funds have been set up by the companies who are one way or other responsible for asbestos exposures and faced overwhelming lawsuits. It is a step to compensate asbestos related illness victims present and in the future.
Presently there are more than 100 mesothelioma trust funds in United States, and these trust funds are expected to grow because more and more lawsuits are filed. According to the recent report of United States Government Accountability Office (GAO), around $17.5 billion has been awarded to victims of asbestos mesothelioma cancer. These trust funds still have estimated $30 billion for future lawsuits.
Earlier mesothelioma and other asbestos-related diseases victims had to rely only on mesothelioma lawsuits for their compensation. But now compensation to mesothelioma cancer victims is more readily available with trust funds.
Mesothelioma cancer victims can take legal action and obtain compensation for their financial loss, job loss, medical expenses and pain and suffering, and some cases death of their loved one. Mesothelioma lawsuits give victim a way to obtain compensation. The numbers of lawsuits are expected to increase in future as more new cases of asbestos related illness are diagnosed every day.
Unfortunately if you or a loved one has been diagnosed with mesothelioma cancer or asbestos-related disease, the first step is to contact a lawyer you may qualify substantial compensation. Learn more about how the mesothelioma lawsuit process works and what you may be entitled to for your pain and sufferings.
It has been seen most of the mesothelioma lawsuits generally end in settlements rather than in a trial. To avoid long and tiring legal process the plaintiff’s representation negotiates compensation with the defendants. Generally settlement takes less time and lot faster compared to a full trial with a jury verdict.
Settlement amounts may vary case to case it depends on many factors such as what stage the illness is in, how long the defendant has lived and more importantly circumstances surrounding how asbestos exposure took place. Many mesothelioma cases have resulted in million-dollar settlements. It’s very important for a victim to understand how asbestos related illness settlements work beforehand so that there are no surprises during your case.
Mesothelioma victims who served in U.S. military and if they believe their asbestos exposure occurred during service may receive compensation through the Veterans Administration (VA). To file the claim there are certain requirements to fulfill. Veterans may qualify for other types of compensation also talk to your attorney to determine what you qualify for, experienced mesothelioma lawyer can guide you.