What Are Asbestos Trust Funds?
Asbestos trust funds have been established by manufacturers of asbestos-containing products who filed for bankruptcy to dodge lawsuits brought by people harmed by their products.
However, their attempt to skirt responsibility didn’t work, as bankruptcy courts ordered them to set up asbestos trusts to compensate current and future victims.
Anyone who has been diagnosed with an asbestos-related disease like mesothelioma, lung cancer, or asbestosis may be able to file a claim with one or more asbestos bankruptcy trusts and pursue compensation.
- It’s estimated that there’s over $30 billion in asbestos trust funds today.
- More than 100 companies have set up mesothelioma trust funds.
- The average total payout is between $300,000 and $400,000.
- People often start to receive financial compensation in 90 days or less.
A mesothelioma attorney can identify the asbestos trust funds that you qualify for and file a claim on your behalf.
Get a free case review and see if one of the asbestos attorneys in the LawFirm.com network can help you access mesothelioma trust fund compensation.
How Much Money Is Available in Asbestos Trust Funds?
There’s more than $30 billion available in asbestos trusts today.
That amount refers to the combined total of each asbestos company’s individual trust fund.
To access compensation, victims of asbestos exposure must file a claim with the trust funds that they qualify for.
Anyone who has been diagnosed with an asbestos-related illness may be owed trust fund money.
Average Asbestos Trust Fund Payouts
An individual asbestos trust fund claim is worth about $41,000 on average, according to the RAND Institute for Civil Justice. However, victims who have been exposed to multiple asbestos products may be able to file claims with more than one trust.
As a result, asbestos victims typically recover between $300,000 to $400,000 in total compensation from asbestos trust fund claims — but it’s possible for trust fund claims to award $1 million or more.
For example, one of the mesothelioma law firms in our network helped a U.S. Navy veteran with mesothelioma access $2.4 million in trust fund money. He had worked as a pipeline inspector in the oil industry but was unsure about the products that had exposed him to asbestos.
The law firm was able to identify the products that had made him sick and take legal action on his behalf.
His mesothelioma trust payments included:
- $1.14 million from insulation company trusts
- $345,351 from asbestos company trusts
- $280,930 from valve company trusts
- $63,611 from pipe company trusts
- $600,000 from additional trusts
The best way to get the most compensation from mesothelioma trust fund claims is to work with a top asbestos lawyer. They can pinpoint the products that exposed you to asbestos and file claims with every trust fund that you qualify for.
You or a loved one may be owed some of this money — get help with a trust fund claim today.
Factors That Affect Mesothelioma Trust Payouts
Mesothelioma trust funds award different amounts of compensation depending on a variety of factors.
Some factors that can impact asbestos trust fund payouts include:
- Your diagnosis: The asbestos-related disease that you have, its severity, and how it has impacted your life can affect how much asbestos trust fund compensation you get.
- How many products you were exposed to: The more asbestos products you were exposed to, the more asbestos trust fund claims you can potentially file.
- Payment percentages: Each trust pays out a certain percentage of funds to make sure money is left to pay future claims.
- State law: State laws regulate asbestos litigation and often place limits on trust fund claim values.
- Working with a mesothelioma lawyer: The best way to maximize trust fund payouts is to get help from an experienced mesothelioma lawyer. They can help you prove that you were exposed to a company’s products and file as many claims as possible on your behalf.
Can I File an Asbestos Trust Fund Claim?
You may be able to file an asbestos trust fund claim if:
- You were diagnosed with mesothelioma or another asbestos disease like lung cancer
- You were exposed to an asbestos-containing product at work, during your military service, or in some other environment
- The company that made the asbestos product that you were exposed to has an asbestos trust fund
You may also be able to file a trust fund claim if a loved one developed an asbestos-related disease and has since passed away.
Chat with one of our case managers to see if one of the mesothelioma attorneys in our network can file asbestos trust fund claims for you.
Our case managers can answer your questions and connect you to an attorney.
Chat NowAsbestos Trust Fund List
Many asbestos companies established trust funds to compensate the people injured by their products.
More than 100 companies have set up mesothelioma trust funds, and about 60 are still active today.
Some of these companies are listed below, along with the name of their trust fund and the year it was established.
| Company | Asbestos Trust Fund | Created |
|---|---|---|
| A-Best Products | A-Best Asbestos Settlement Trust | 2006 |
| A. P. Green | APG Asbestos Trust | 2014 |
| ABB Lummus Global | ABB Lummus Global Inc. 425(g) Asbestos PI Trust | 2007 |
| AC&S | ACandS Asbestos Settlement Trust | 2009 |
| API, Inc. | API, Inc. Asbestos Settlement Trust | 2006 |
| Armstrong World Industries | Armstrong World Industries Asbestos Personal Injury Settlement Trust | 2006 |
| ARTRA Group, Inc. | Artra 524(g) Asbestos Trust | 2007 |
| ASARCO, LLC | ASARCO LLC Asbestos Personal Injury Settlement Trust | 2009 |
| Babcock & Wilcox Co. | Babcock & Wilcox Company Asbestos Personal Injury Settlement Trust | 2006 |
| Bondex International/Special Products Holding Corp. | Bondex Asbestos Personal Injury Trust | 2016 |
| Brauer Supply Co. | Brauer524(g) Asbestos Trust | 2012 |
| Burns & Roe Construction Group | Burns & Roe Asbestos Personal Injury Settlement Trust | 2010 |
| Burns & Roe Enterprises, Inc. | Burns & Roe Asbestos Personal Injury Settlement Trust | 2010 |
| C.E. Thurston | C.E. Thurston & Sons Asbestos Trust | 2006 |
| Celotex Corp. | Celotex Asbestos Settlement Trust | 1997 |
| Christy Refractories Co. LLC | Christy Refractories Asbestos Personal Injury Trust | 2012 |
| Combustion Engineering | Combustion Engineering 524(g) Asbestos Personal Injury Trust | 2006 |
| Congoleum Corp. | Congoleum Plan Trust | 2011 |
| DuroDyne National Corp. | Duro Dyne Asbestos Personal Injury Trust | 2021 |
| Eagle Picher Industries | Eagle Picher Industries Inc. Personal Injury Settlement Trust | 1996 |
| Fairbanks International Inc. | Fairbanks Asbestos Personal Injury Trust | 2023 |
| Federal Mogul (T&N, Flexitallic, Ferodo) | Federal Mogul Asbestos Personal Injury Trust- Turner & Newall Subfund | 2007 |
| Flintkote Co./Flintkote Mines | Flintkote Asbestos PI Trust | 2015 |
| Fuller-Austin | Fuller-Austin Asbestos Settlement Trust | 1999 |
| Garlock Sealing Technologies, LLC (Anchor Packing Company and Garrison) | Garlock Settlement Trust | 2018 |
| General Motors Corp. | Motors Liquidation Company Asbestos PI Trust (General Motors) | 2012 |
| George V. Hamilton, Inc. | Geo. V Hamilton, Inc. Asbestos Trust | 2019 |
| G-I Holdings, Inc. | G-I Holdings Inc. Asbestos Personal Injury Trust | 2010 |
| Global Industrial Technologies (Harbison-Walker) | DII Industries, LLC Asbestos PI Trust | 2005 |
| Hercules Chemical Co. | Hercules Chemical Company, Inc. Asbestos Settlement Trust | 2010 |
| H.K. Porter Co. | H.K. Porter Asbestos Trust | 2008 |
| J.T. Thorpe Co. | J.T. Thorpe Company Successor Trust (TX) | 2004 |
| J.T. Thorpe Inc. | J.T. Thorpe Settlement Trust (CA) | 2006 |
| Kaiser Aluminum | Kaiser Aluminum & Chemical Corporation Asbestos Personal Injury Trust | 2006 |
| Keene Corp. | Keene Creditors Trust | 2006 |
| Kentile Floors | Metex Asbestos PI Trust | 2015 |
| Leslie Controls, Inc. | Leslie Controls, Inc. Asbestos Personal Injury Trust | 2012 |
| Mallinckrodt | ||
| Maremont Corporation | Maremont Asbestos Personal Injury Trust | 2019 |
| Mid-Valley Inc. (Halliburton) | DII Industries, LLC Asbestos PI Trust (HAL) | 2005 |
| National Gypsum | NGC Bodily Injury Trust | 1993 |
| North American Refractories Co. (NARCO) | North American Refractories Company Asbestos Personal Injury Settlement Trust | 2013 |
| Oakfabco Inc. | Oakfabco Liquidating Trust | 2019 |
| Owens Corning Corp. | Owens Corning Fibreboard Asbestos Personal Injury Trust- Owens Corning Subfund | 2006 |
| Owens Corning Fibreboard | Owens Corning Fibreboard Asbestos Personal Injury Trust- Fibreboard Subfund | 2006 |
| Pittsburgh Corning | Pittsburgh Corning Corporation Asbestos Personal Injury Settlement Trust | 2017 |
| Plant Insulation Co. | Plant Asbestos Settlement Trust | 2014 |
| Plibrico Co. | Plibrico 524(g) Trust | 2006 |
| Porter-Hayden Co. | Porter Hayden Bodily Injury Trust | 2007 |
| Quigley Co. | Quigley Company, Inc. Asbestos PI Trust | 2014 |
| Rapid American Corp. | Rapid-American Asbestos Personal Injury Liquidating Trust | 2022 |
| Raymark Corp./Raytech Corp. | Raytech Corporation Asbestos Personal Injury Settlement Trust | 2010 |
| SEPCO | Sepco Asbestos PI Trust | 2020 |
| Shook & Fletcher | Shook & Fletcher Asbestos Settlement Trust | 2004 |
| State Insulations Corp. | State Insulation Corporation Asbestos PI Trust | 2016 |
| Swan Transportation Co. | Swan Asbestos and Silica Settlement Trust | 2003 |
| T.H. Agriculture & Nutrition | T. H. Agriculture & Nutrition, LLC Asbestos Personal Injury Trust | 2009 |
| Thorpe Insulation Co. | Thorpe Insulation Company Asbestos Personal Injury Settlement Trust | 2010 |
| United Gilsonite Laboratories | United Gilsonite Laboratories Asbestos Personal Injury Trust | 2015 |
| United States Mineral Products | United States Mineral Products Company Asbestos PI Settlement Trust | 2008 |
| USG Corp. | United States Gypsum Asbestos Personal Injury Settlement Trust | 2006 |
| Utex Industries | Utex Industries, Inc. Successor Trust | 2005 |
| W.R. Grace | W.R. Grace & Co. Asbestos Personal Injury Settlement Trust | 2014 |
| Western MacArthur/Western Asbestos | Western Asbestos Settlement Trust | 2004 |
| Yarway | Yarway Asbestos Personal Injury Trust | 2016 |
If you worked for one of these companies or with the products they manufactured and have been diagnosed with an asbestos-related disease, you may be owed money.
Keep in mind that this is not a comprehensive list. Other companies have established asbestos trusts to compensate those that they’ve harmed.
The best way to see if you may be owed money from an asbestos trust is to speak to a mesothelioma lawyer.
Asbestos Trust Fund Claim Process
A mesothelioma lawyer can file a claim on your behalf to make the process easy and stress-free.
Learn more about how an attorney can handle the legal process below.
- Determine your eligibility: Get a free case review and see if you can work with one of our legal partners and pursue compensation from asbestos trust funds.
- Investigate your case: Top mesothelioma law firms have warehouses of documents that can help identify the asbestos-based products you were exposed to and the companies that made, sold, and distributed them.
- Collect evidence: Your legal team will gather evidence about your work history, military service (if any), and asbestos exposure to help build your claim.
- Get help from experts: Your team will use their connections with respected expert witnesses to link your mesothelioma diagnosis and exposure.
- File your claims: Your lawyer will file claims with all of the asbestos bankruptcy trust funds that you qualify for.
- Receive payouts: They will secure your trust fund payouts and make sure you get compensation as quickly as possible.
It’s possible to file asbestos trust fund claims and a mesothelioma lawsuit to get more financial compensation for mesothelioma. This also sends a message to negligent product manufacturers and makes them pay for the harm they’ve caused.
Contact us now and take the first step toward justice for your family.
Timeline for Asbestos Trust Fund Payouts
In many cases, asbestos victims start to receive trust fund compensation in 90 days or less. However, this timeline can be affected by how the fund is reviewed by administrators.
Claims can be reviewed in one of two ways: with an expedited review or individual review. Learn more about the review process below.
- Expedited review: Asbestos victims can get a fixed amount of compensation from a trust fund with this option. As a result, every claimant with the same disease receives the same compensation amount, and claimants get quicker access to trust fund money.
- Individual review: If a case is more complicated, a lawyer can ask the trust fund administrators to review a claimant’s medical records and asbestos exposure history. When this happens, the claimant may get more compensation. The downside is that the review can take longer and may result in less money.
Your attorney can explain the type of review they recommend in your case and how long it should take for you to get compensation.
Deadlines for Mesothelioma Trusts
Asbestos victims have a limited amount of time to file claims with asbestos trust funds. Each trust fund sets its own filing deadlines (statute of limitations).
With most trusts, asbestos victims have 2-3 years from the date of a diagnosis or death of a loved one to file a claim.
Once a trust’s deadline passes, you will not be able to file a claim and pursue compensation.
For this reason, it’s a good idea to contact an asbestos lawyer as soon as possible. They can explain the deadline that applies to your case and file your claim while there’s still time.
If the time limit has expired, they may be able to pursue other types of mesothelioma compensation for you.
Contact our team right now at (866) 447-8466 to see if one of our legal partners can file an asbestos trust fund claim on your behalf.
Mesothelioma Trust Fund Claims vs Mesothelioma Lawsuits
Asbestos fund claims and mesothelioma lawsuits are both ways to get compensation from negligent asbestos product manufacturers. However, there are some significant differences between the two.
The chart below shows the main differences between mesothelioma trust claims and asbestos lawsuits.
| Mesothelioma Trust Fund Claims | Mesothelioma Lawsuits |
|---|---|
| Paid by trusts established by bankrupt asbestos companies (if successful) | Paid by asbestos companies that are still in business through settlements or verdicts (if successful) |
| Average total payout is between $300,000 and $400,000 | Average settlement payout is between $1 million and $1.4 million |
| Quick access to compensation | Access to compensation may be slower |
| You never have to go to court | You might have to appear in court in rare circumstances |
In many cases, people who have been harmed by asbestos-containing products can file both mesothelioma trust claims and lawsuits at the same time.
Get Help Filing Mesothelioma Fund Claims
If you or a loved one has mesothelioma or another asbestos-related disease, you may be entitled to compensation from asbestos trust funds.
You can access your share of the $30 billion in asbestos trust funds without filing a lawsuit or going to court.
And in many cases, claimants start getting trust fund payments in 90 days or less.
Our legal partners have recovered more than $9.3 billion for families affected by asbestos exposure through trust fund claims and other sources.
Get a free case review and see if they can help you.
Asbestos Settlement Trust Fund FAQs
How many asbestos trust funds are there?
More than 100 companies have established asbestos trust funds, and about 60 are still active today.
Companies that have created asbestos trust funds include:
- Babcock & Wilcox Co.
- Bondex
- Celotex Corp.
- Eagle-Picher Corporation
- General Motors
- Johns-Manville Corporation
- Kaiser Aluminum Corp.
- Owens Corning
- Quigley Co.
A mesothelioma attorney can help you figure out which asbestos trust funds you or a loved one may qualify for and explain all of your legal options.
How much money is left in the mesothelioma trust fund?
Currently, there is an estimated $30 billion available in mesothelioma trust funds.
These funds were established by asbestos companies to pay current and future claimants harmed by their products. They have paid out billions of dollars to eligible mesothelioma victims over the past 30 years.
We can help you access your share of this money if you’re eligible — get a free case review now.
Is there a limit to how many asbestos trust funds I can apply to?
No, there is no limit to how many asbestos trust claims you can file.
In many cases, mesothelioma patients or their family members (if the patient has passed away) are able to access compensation from more than one trust fund. That’s because most asbestos victims were exposed to asbestos from multiple products.
What is the average payout for asbestos trust funds?
The average payout from asbestos trust funds is between $300,000 and $400,000.
The amount of money awarded may vary depending on several factors, including how many trust funds you are able to file a claim with. In some cases, asbestos victims are able to file multiple claims and access $1 million or more from asbestos trust funds.
This financial assistance often provides mesothelioma patients with enough money to access top treatments.
Access Asbestos Trust Funds
