Mesothelioma Payout Timeline

What Is the Average Mesothelioma Payout Timeline?

While each individual case is different, asbestos victims and their family members often start receiving financial compensation in as few as 90 days.

Mesothelioma lawsuits almost always settle, meaning victims may be able to access compensation without going to court. In a settlement, the manufacturers of asbestos-containing products pay a sum of money to prevent the case from going to trial.

Asbestos companies that declared bankruptcy to dodge lawsuits can’t be sued, but many have set up asbestos trust funds to pay victims. Like mesothelioma lawsuits, asbestos trust fund claims often provide payouts to victims within 90 days.

Quick access to compensation can provide families with crucial help paying for medical bills, lost wages, and everyday living expenses. As a result, mesothelioma lawyers work to get their clients as much money as possible in the shortest amount of time.

See if a top asbestos attorney in our network can help you quickly secure asbestos claim payouts.

5 Factors Affecting the Mesothelioma Settlement Timeline

Several factors can impact how long it takes an asbestos victim to get mesothelioma compensation.

Five factors that may impact when victims get compensation include:

1. Complexity of the case: Asbestos claims that are especially complicated may take longer to resolve, lengthening the mesothelioma payout timeline. These cases may involve a large number of asbestos companies or require extensive legwork to identify the products responsible for a person’s asbestos exposure.
2. Strength of the case: Your lawyers will gather evidence and work with medical experts to link your exposure to your illness. By building a strong case on your behalf, the asbestos companies may settle quickly to avoid defending their position in court.
3. Where the mesothelioma lawsuit is filed: Some states and jurisdictions (locations) may take longer to review your claim or have shorter filing deadlines (statutes of limitations). Your lawyer can file your claim in the court most likely to result in the largest and fastest settlement payout.
4. Whether your lawsuit settles: Your mesothelioma settlement timeline is likely to be shorter if your lawsuit settles instead of going to trial. Trials require preparation and can take a year or more to make their way to the courtroom.
5. Your asbestos lawyer: An experienced mesothelioma lawyer is familiar with the claims process and has resources to help clients maximize their payouts in the shortest amount of time. With a proven track record of success, asbestos companies may choose to settle instead of taking their chances in court.

Regardless of the individual factors involved in your asbestos case, you can be sure that a mesothelioma lawyer will work to speed up your mesothelioma payout timeline, so you can access compensation promptly and without delay.

How to File a Mesothelioma Claim

By handling all steps in the legal process, a mesothelioma lawyer can quicken the asbestos claims payout time frame and make filing a claim as simple and stress-free as possible.

While every mesothelioma claim is unique, most follow a similar timeline:

1. Get a free case review: Law firms that specialize in asbestos litigation offer free case reviews, so families can find out if they have a case without any financial risk and learn about their legal options.
2. Gather evidence: Evidence like your medical records and work history will be used to link your asbestos-related disease to the products you were exposed to. Even if you’re not sure about the details of your asbestos exposure, your legal team has resources to identify the asbestos products that made you sick.
3. File your asbestos claim(s): Your lawyer will identify all of the asbestos claims that you’re eligible for and file them correctly and in a timely manner.
4. Access payouts: In many cases, victims start receiving payouts from asbestos trust fund claims and lawsuit settlements within 90 days of contacting a mesothelioma law firm. However, in the rare event that your case doesn’t settle, your legal team will argue your case in court and seek maximum compensation from an asbestos verdict.

Many clients and attorneys prefer an asbestos settlement over a trial verdict, as trials can lengthen the mesothelioma payout timeline and may not result in compensation.

Average Asbestos Claim Payout Amounts

The average mesothelioma settlement amount is between $1 million and $1.4 million, and trial verdicts typically award between $5 million and $11.4 million, according to Mealey’s^® Litigation Report: Asbestos.

Asbestos trust fund claims pay out a total of $300,000 to $400,000 on average, and most victims start receiving payouts in a few months. Over $30 billion has been set aside in these trusts.

An asbestos lawyer can identify all of the trusts that you qualify for and file legal claims on your behalf.

See if you may be eligible to access asbestos trust funds.

Get Help Seeking Asbestos Claim Payouts

Mesothelioma payouts can help patients afford necessary treatments and provide for their loved ones. Additionally, they give victims a voice and allow them to hold negligent manufacturers liable.

LawFirm.com has partnered with asbestos lawyers with years of experience who can even the playing field for those affected and help them quickly secure the compensation and justice they deserve.

The attorneys in our network have already recovered over $9.7 billion from asbestos claims for families across the country.

Contact our case managers at (888) 726-9160 right now or fill out our form to see if they may be able to help you pursue asbestos compensation claims.