Asbestos Trusts

Asbestos Trusts

Asbestos Trusts

Asbestos Bankruptcy Trusts: Compensation for People Harmed By Asbestos

Even a small exposure to asbestos can cause a range of health problems decades later. These illnesses can include asbestosis, pleural plaques, mesothelioma and other cancers.

But people harmed by asbestos exposure are often entitled to compensation for their injuries. This can include healthcare bills, lost wages, transportation costs (for treatment), pain and suffering, or the loss of a family member that provides support and companionship.

In the case of asbestos trusts, those harmed by asbestos can even receive compensation without filing a lawsuit in court.

If you or your loved one was exposed to asbestos, speak to a healthcare professional about getting tested for respiratory illnesses associated with asbestos exposure.

And if you have been diagnosed with an asbestos-related illness, you can speak with an asbestos injury attorney at the law offices of Justinian C. Lane, Esq. to discuss your options.

Find out which health problems are eligible for compensation under various Asbestos Trusts.

Below is a list of Asbestos Trusts you might qualify for.

What are asbestos bankruptcy trusts and who can receive money from them?

Asbestos bankruptcy trusts are finances set up by the asbestos industry to compensate people for injuries caused by asbestos exposure. By order of the Court, the money in asbestos bankruptcy trusts can only be used to help victims of asbestos exposure.

There are approximately $30 billion dollars in asbestos trust funds set aside to compensate individuals who were injured by their exposure to asbestos.

But nearly 40% of the funds have still gone unclaimed by the people they are intended to help.

Many people with asbestos-related illnesses do not know they qualify for compensation.

The Asbestos Industry hid the dangers of asbestos for decades.

Asbestos manufacturers knew since the 1930s that breathing in asbestos caused health problems. Doctors and insurers told companies that asbestos placed their workers and others at risk. Insurance companies explained that asbestos products might endanger consumers.

But instead of warning their employees and consumers that asbestos could cause health problems, the asbestos industry kept it secret from the public.

They got away with it, because asbestos-related illnesses can take decades to appear. But when hundreds of thousands of people started getting sick, the asbestos industry finally got caught.

Asbestos Companies Set Up Trusts To Compensate Victims.

As the truth started coming out in the 1970s, people realized that many of the people exposed to asbestos would be developing health problems for many years.

Courts wanted to make sure that the companies would have enough money to pay for all people who might develop asbestos-related health problems. 

So the asbestos companies were ordered to place their insurance money into special bank accounts called trusts.

Asbestos Trusts contain over $30 Billion unused funds.

Under a court order, this money is designated only to compensate people harmed by asbestos exposure.

Find out which health problems are eligible for compensation under various Asbestos Trusts.

List of Asbestos Trusts

There are still over $30 Billion available in Asbestos Trusts for individuals and families harmed by exposure to asbestos. Not all Asbestos Trusts are still active, but there are about 25 Asbestos Trusts still paying compensation. Here is a list of active and inactive trusts:

Applying for compensation from Asbestos Trusts.

There are more than 25 different asbestos trusts that pay various amounts of compensation.

Most claims require a person to show:

The person was exposed to asbestos for which that trust was responsible.

Proving a person’s asbestos exposure may require finding work records and other documents that show a person was employed at a particular site or using products containing asbestos. 

Fortunately, at the law offices of Justinian C. Lane, Esq., we have built an extensive database of worksites, locations and products that exposed people to asbestos. We leave no stone unturned to prove your asbestos exposure, even if it took place decades ago.

Over a hundred years of scientific research has shown that asbestos can cause a wide range of health problems. These asbestos-related illnesses range from a persistent cough to aggressive and fatal mesothelioma and other cancers.

Medical communications, X-rays and similar documentation can show that someone has been diagnosed with a recognized asbestos illness. 

Even regular cigarette smokers who developed lung cancer can often recover money from the trusts if asbestos exposure made their health problems worse.

Find out which health problems are eligible for compensation under various Asbestos Trusts.

Receiving compensation from the asbestos trusts.

We have spent over two decades working to secure compensation from asbestos trusts for clients with health problems caused by asbestos. Our experience and understanding of the process can ensure that your claim is filed diligently and on time. 

By working with asbestos trusts, we enable our clients to get paid more quickly and with less hassle than through litigation.

However, asbestos was used so widely that some asbestos-related injuries also involve companies that did not set up the asbestos trusts. In these cases, we have the resources needed to take on companies of any size, and have secured millions of dollars in compensation for asbestos victims in court.

Justinian Means Justice

Even a small exposure to asbestos can cause a range of health problems decades later.

These illnesses can include asbestosis, pleural plaques, mesothelioma and other cancers.

In addition to healthcare bills, asbestos-related illnesses can lead to lost wages, an inability to work, disabilities, a degraded quality of life and even a fatality. 

But under state and Federal laws, people harmed by asbestos exposure are often entitled to compensation for their injuries. 

In many cases, they do not even need to file a lawsuit.

  • Even regular cigarette smokers who developed lung cancer can often recover money if asbestos exposure made their health problems worse
  • Asbestos exposure makes it five times more likely a person will develop lung cancer. 
  • Smoking makes it ten times more likely a person will develop lung cancer. But being a smoker with asbestos exposure makes it fifty times more likely a person will develop lung cancer.1

If you or your loved one was exposed to asbestos, speak to a healthcare professional about getting tested for respiratory illnesses associated with asbestos exposure.

And if you have an asbestos-related illness and are considering filing a lawsuit against the asbestos industry for your injuries, speak to a seasoned asbestos claims attorney at the law offices of Justinian C. Lane, Esq.

We use a comprehensive database of asbestos industry info and cutting edge medical research to gather all the evidence needed to prove your case.

In two decades of representing clients harmed by asbestos, we have built a database of:

  • All the worksites and products that contained asbestos.
  • All available scientific research into the health effects of asbestos.

We leave no stone unturned to show how you were exposed to and harmed by asbestos.

Free consultation with a seasoned asbestos claims attorney, with no obligation.

If you or your loved one was exposed to asbestos, speak to a healthcare professional about getting tested for respiratory illnesses associated with asbestos exposure. 

And if you have been diagnosed with an asbestos-related illness, you can speak with an asbestos injury attorney at the law offices of Justinian C. Lane, Esq. to discuss your options.

We can set up a consultation in person, by phone, or video conference – whatever makes you most comfortable.

I will listen to your story and explain all your options, including a reasonable estimate of how much compensation you are likely to receive from the asbestos trusts based on your story.

We have the resources available to litigate asbestos cases against the largest companies in the world. We have battled bullies and earned millions of dollars in compensation for clients that were injured by asbestos.

Every case is different, but we are driven by a sense of justice, and aim to deliver justice for our clients, whatever that means for them.

My own family was affected by the deceptions and carelessness of the asbestos industry. And my team and I are ready to go toe-to-toe with any company that manufactured, sold, installed, or removed asbestos products without providing proper protection to our clients.

We do not accept defeat. Unless we get you money for your injuries, you don’t pay us a dime.

Your Rights Can Be Lost If You Wait

There are laws that limit how much time you have to file a lawsuit after being injured. They are known as statutes of limitation.

Most statutes will begin to run from the date of injury. That means the ‘ticking clock’ starts the day that you were diagnosed with an asbestos-related illness. If you are filing a wrongful death claim, the statute of limitation usually dies on the date that the loved one passed away.

Do not wait to find out when your claim begins. If you believe you are entitled to compensation for your asbestos-related illness, call, text or email the Law Offices of Justinian C. Lane, Esq. to understand your rights. 

No matter what, there is no fee, and no obligation.

If you were harmed by asbestos exposure, $30 billion dollars was set up to pay for your healthcare bills, treatment travel costs, inevitable funeral costs and support your family.

And it will cost you nothing to file a claim.

We’ve helped thousands of people who were exposed to asbestos in their job, car or at home. Can we help you?

We’ve helped thousands of people who were exposed to asbestos in their job, car or at home.

Can we help you?
FREE CONSULTATION

1 Klebe, S., Leigh, J., Henderson, D.W. and Nurminen, M., 2020. Asbestos, smoking and lung cancer: an update. International journal of environmental research and public health, 17(1), p.258.