What is an Asbestos Trust Fund?

There is currently over $30 billion available in trust funds for victims of mesothelioma. Asbestos trust funds come from money that has been set aside by companies that have gone bankrupt that used asbestos in their products. The courts told these companies they had to be a part of these trust funds in order to stay in business.

Mesothelioma victims can file a claim with an asbestos trust fund and completely avoid court. At the Halpern Law Firm, we can help you file a claim, and you can get a portion of the money in as little as 30 days.

Asbestos trust fund

On average, those who have been diagnosed with mesothelioma receive $300,000 to $400,000 from asbestos trust funds. However, people may receive millions of dollars from these funds. At the Halpern Law Firm we have won singular clients millions of dollars.

Each trust fund has a different amount of money available, and a mesothelioma patient may be able to file a claim with multiple funds.

There are more than 60 companies that actively have mesothelioma trust funds. Some of these companies include:

  • Abex Corporation
  • Asarco
  • Bondex
  • Celotex Corporation
  • Federal Mogul Corporation
  • Flexitallic
  • General Motors
  • Johns-Manville Corporation
  • Owens Corning
  • Pittsburgh Corning

The companies with the most amount of money available are ARCO, Pittsburgh Corning, W.R. Grace, Harbison-Walker Refractories Company, Owens Corning, Western MacArthur and US Gypsum Company.

Those who are eligible to file a claim with a trust are mesothelioma patients, family members of mesothelioma patients and a person who is the legal representative of a mesothelioma patient’s estate.

For veterans, mesothelioma trust fund payouts are still available on top of VA benefits. It is important to file a claim as quickly as possible as different trust funds have different amounts of time that a person must file a claim within.

The first step in filing a claim would be contacting the Halpern Law Firm. We have over 30 years of experience representing mesothelioma victims in Pennsylvania, and we have extensive knowledge on how the whole process works. We will help guide you through every step of the way. We will help build your claim by tracking down the source of asbestos exposure and finding out what companies were involved.

Once a claim is filed, there are two different options for the claim to be reviewed. One of the options is through an expedited review, which is when the claim is reviewed based on a set of already made guidelines. The other option is an individual review, which can take longer and is more extensive.

Overall, if you or a loved one is a victim of mesothelioma, it is definitely worth looking into asbestos trust funds and getting the compensation you deserve.

If you or a loved one has been diagnosed with mesothelioma, please call the Halpern Law Firm at (800) 505-6000. We know all there is to know about filing a claim with an asbestos trust and we will help you do so. Call us at any time.

Written By Sadie Gold

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At Halpern Law Firm, we help clients throughout Pennsylvania, with offices in Philadelphia, Pittsburgh, Allentown, Scranton and Johnstown. Call us today for a free consultation at (800) 505-6000.

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