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how many trust funds are actually out there for mesothelioma claims

Caregiver · · 101 views
so my wife's oncologist mentioned we might be able to get compensation from trust funds but honestly im lost on how many there even are. is it like one big fund or what? i need to know if theres actually money available and how many places im gonna have to file claims with.

also does anyone know if having multiple claims affects your chances at getting paid or if one company going bankrupt means theres backup funds? trying to figure out what our actual options are here before we spend more money on lawyers.

were in las vegas and shes stage 3 peritoneal so we need to move fast on this stuff if its really an option. any info on how this actually works would help

9 Replies

Veteran
There's definitely more than one fund out there, that's the good news. When I went through the VA process after my diagnosis last June, they walked me through how this works. The companies that mined asbestos, manufactured it, used it in products, a lot of them set up trust funds when they went bankrupt. So you're not dealing with one pot of money, you're dealing with multiple funds depending on where your wife's exposure came from.

The thing is, you gotta trace back to the source. Was it a job site? A product? Military service? That determines which trusts you can file with. Some people end up filing with several different trusts if the exposure came from different places over time. That's not a bad thing, it's just how the system works now.

As for whether one company going under affects the others, nope. Each trust is separate. One filing doesn't hurt your chances with another one. You're not competing for a limited pool. The trusts have different claim values depending on what they've got available, but they all operate independently.

Your wife should get a lawyer who handles these claims. I know that sounds like more expense but most of them work on contingency, you don't pay unless they recover something for you. They'll know exactly which trusts apply to her situation and handle the filings. That's where the real work is, figuring out the exposure history and matching it to the right trusts.

Vegas exposure is a real thing. Lots of old building materials, lots of renovation work. Get moving on this. Stage 3 means you're on the clock.
Caregiver
Yeah theres a lot of them out there, way more than one. From what I've learned dealing with my wife's case, theres like dozens of these trust funds set up from companies that went under or settled. Each one has its own money pool and you file claims separate with each one that applies to your situation.

The way it worked for us was figuring out which companies my wife was actually exposed to, then seeing which ones had trusts set up. Some of the bigger ones still have decent payouts but honestly the amounts vary all over the place depending on how much money is left in each fund and how many claims come in. Its not like one big pool unfortunately.

Multiple claims don't hurt your chances as far as I know, actually the opposite. You want to file with every trust that applies because they're all separate. The bankruptcy thing was confusing to me at first too but basically if a company went bankrupt they usually had to set aside money for these trusts before they dissolved, so that money is protected and separate from whatever else happened to the company.

For peritoneal at stage 3 you're right to move fast. Getting the exposure history sorted out is the first step, where she worked, what products she handled, all that. Then you can figure out which trusts actually apply to your case. Some lawyers will help you figure this out at no cost upfront because they work on contingency. In Vegas you should be able to find people who specialize in this.

Its a lot to juggle but the trust fund route is usually faster than going to court, which matters when you're dealing with stage 3.
Patient
yeah theres a bunch of them. not just one. from what ive learned dealing with this stuff, there's probably dozens of trust funds out there. companies that made the asbestos products or used them, they had to set money aside when they went under or settled. so its not like one pot of money.

from my case, my lawyer told me there could be multiple claims depending on where i was exposed and what companies were involved. i worked with insulation for thirty years so they said i probably had options. the bankruptcy trusts are separate from each other so you can file with more than one if you qualify.

doesnt hurt your chances having multiple claims. actually sounds like the opposite, more places to file means more potential payouts if you qualify for them. and yeah if one company went under thats kinda why the trusts exist, to make sure people still get paid.

you definitely want a lawyer who knows how to handle this stuff. they'll know which trusts your wife might qualify for based on her exposure history. stage 3 is serious so moving fast makes sense but dont rush into anything without someone who actually knows the process.
Caregiver
that's helpful man, appreciate you breaking it down. so if i'm understanding right, we'd need to figure out which companies she was actually exposed to and then file with their specific trust funds? that's what i'm worried about, like, how do we even know which ones to go after. did your lawyer basically handle all that or did you have to dig around yourself to figure out where you got exposed?
Caregiver
ok so this is actually something i've been working through with my dad's case and it's more complicated than you'd think. there isn't just one fund - there are a bunch of them set up from different companies that went bankrupt over the years. my dad was exposed at a manufacturing plant in the 70s and it turns out like three different companies were involved, so we ended up filing with multiple trusts.

the good news is that having multiple claims doesn't hurt you. they're separate processes and you can file with all of them if your wife's exposure history supports it. the tricky part is figuring out which companies she was actually exposed to and which trusts are still active with available funds. some trusts are depleted but most still have money, they just get more selective about payouts when funds get lower.

one thing i wish someone had told me earlier - get the exposure history documented really carefully. dates, companies, job titles, everything. we spent months going back and forth trying to nail down exactly where my dad worked and when. it matters for determining which trusts to file with.

as for timeline, you're right to want to move fast but not because of some deadline pressure - it's more about just getting the process rolling. my dad's case took about 18 months from initial filing to settlement, so it's not quick but it's doable.

honestly the best move is talking to someone who specializes in this stuff. they know which trusts are worth filing with for her specific exposure and can handle the paperwork. there's no upfront cost from what i've seen, they just take a percentage if you win.
Caregiver
There's a bunch of them out there, not just one - most are from companies that went under because of mesothelioma claims. Your wife's exposure history is gonna matter most for figuring out which ones she qualifies for, and yeah you'll probably need to file with multiple funds to maximize what she gets. Get a lawyer who specializes in this stuff, they handle all the filing and know which funds are actually paying out right now.
Caregiver
There's a ton of them out there. Way more than one. When I first started looking into this for my wife I thought it'd be simple and it wasn't, but we ended up filing with multiple trusts because different companies that made the products she was exposed to all went bankrupt at different times and set aside money.

The thing is each trust has its own rules about how much they'll pay and what evidence they need. We filed with like four different trusts over the course of a few months and got payments from three of them. The amounts varied wildly too. One paid out decent, another was like 15% of what we expected. Having multiple claims doesn't hurt your chances, it actually helps because you're not putting all your eggs in one basket. If one trust doesn't have enough money left they can reduce what they pay per claim but that doesn't affect what the other trusts owe you.

Since your wife has peritoneal mesothelioma you're gonna want to figure out exactly where she was exposed. That's the key thing. Was it a job site, a family member's work clothes, older homes with asbestos products? Once you know that you can start narrowing down which companies made what she was exposed to and which trusts exist for those companies. I spent like two weeks just going through old paystubs and photos trying to figure out where my wife picked it up, but it was worth it because it pointed us to the right trusts.

Don't spend money on lawyers yet if you can help it. Get your exposure history straight first and then talk to someone. Moving fast is good but you need to know what you're moving toward.
Attorney Expert Response
Linda touched on something worth expanding on. There are currently over 60 active asbestos bankruptcy trusts, and that number has actually grown over the years as more companies resolved their liabilities this way. But here's what most people don't realize upfront: filing with multiple trusts doesn't hurt your chances with any individual fund. Each trust operates independently and evaluates claims against its own exposure criteria.

The peritoneal diagnosis specifically may actually open doors with certain trusts that others won't, because different funds weight disease type differently in their payment calculations. We had a case years ago where the peritoneal diagnosis qualified under exposure criteria the family hadn't even considered initially.

Nevada also has a 3-year statute of limitations from date of diagnosis under NRS 11.190, so the urgency you're feeling is real. Worth sitting down with someone soon just to map out which companies she may have encountered and when, because that exposure history is really what drives which trusts apply to her situation specifically. Consult an attorney who handles these claims before filing anything on your own.
3 found this helpful
Caregiver
Yeah that 60 number is way more than I expected honestly. So if we file with multiple trusts, they don't compare notes or anything? And do you know off the top of your head which ones typically handle peritoneal cases, or is that something we gotta research for each one based on where she worked?

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