Asbestos Trust Funds Guide
Asbestos Trust Funds Guide - Experienced asbestos & mesothelioma attorneys. Maximum compensation. Free case evaluation. Call (818) 514-7680.
California Mesothelioma Legal Services
Experienced asbestos and mesothelioma attorneys serving all of California. We handle claims involving Navy shipyard exposure, Rocketdyne/Santa Susana Field Laboratory, oil refinery asbestos, construction worker exposure, and secondary (take-home) asbestos claims.
Asbestos Exposure Sites in California
Long Beach Naval Shipyard, Hunters Point Naval Shipyard, Mare Island, NASSCO San Diego, Rocketdyne/Boeing Santa Susana, El Segundo refineries, Torrance refineries, Port of Los Angeles/Long Beach, Kaiser Steel Fontana, and hundreds more.
California mesothelioma statute of limitations: ONE YEAR under CCP § 340.2, measured from the later of disability or discovery — not from diagnosis. Contact us immediately at (818) 514-7680.
Fees, Costs and Case Results
Where representation is offered on a contingency basis there is no attorney fee unless we recover, and the firm advances case costs — filing fees, expert witnesses and medical records — which are then repaid out of any recovery. If there is no recovery, you owe no attorney fee. The specific terms that apply to a matter are set out in the written fee agreement for that matter.
Where this site refers to a verdict, settlement or court order, that result was dependent on the facts of that case, and results will differ if based on different facts. Past results do not predict or guarantee the outcome of any other matter, and no particular outcome is promised or guaranteed.
Frequently Asked Questions
- What is an asbestos trust fund?
- An asbestos trust fund is a financial reserve set up by companies that filed for bankruptcy due to asbestos liability. These trusts were created to compensate current and future victims of asbestos-related diseases like mesothelioma. Over 60 trusts exist with more than $30 billion in assets.
- How much money is in asbestos trust funds?
- Collectively, asbestos bankruptcy trust funds hold over $30 billion in assets. Individual trusts range from $25 million to over $4 billion. The largest trusts include Manville Personal Injury Settlement Trust ($4.4 billion), Johns-Manville, Owens Corning, and W.R. Grace trusts.
- How much can I get from asbestos trust funds?
- Mesothelioma claimants typically receive $7,500 to $250,000 per trust fund claim. Most victims are eligible for claims against 10-20 different trusts, potentially totaling $100,000 to $500,000 or more in combined trust fund recoveries alone.
- Can I file trust fund claims and a lawsuit at the same time?
- Yes. Trust fund claims and lawsuits are separate legal processes. You can file claims against bankruptcy trusts while simultaneously pursuing lawsuits against companies that are still solvent.
- How long does it take to receive trust fund payments?
- Trust fund claims typically take 6-18 months to process, depending on the specific trust. Some trusts offer expedited review for mesothelioma cases, reducing wait times to 90-120 days.
- What documents do I need to file a trust fund claim?
- Required documentation includes: medical records confirming mesothelioma diagnosis, work history and employment records, Social Security earnings statements, union records if applicable, and evidence of asbestos product exposure.
- Do I need a lawyer to file asbestos trust fund claims?
- While you can file claims yourself, an experienced asbestos attorney significantly increases recovery. Attorneys identify all eligible trusts, properly document exposure history, and ensure maximum compensation from each trust.
- What happens if a trust fund runs out of money?
- Trust funds are designed to remain solvent for future claimants. They adjust payment percentages based on available assets and projected future claims. Filing promptly maximizes potential recovery.
Contact Trembach Law Firm
Trembach Law Firm, APC
27001 Agoura Road, Suite 350, Calabasas, CA 91301
Phone: (818) 514-7680
Schedule a Free Consultation | View All Practice Areas | Attorney Profile