Asbestos is widely used in various industries like construction, insulation etc. till the 20th century. It was used in the last century at least in around 3000 products. Later it was noticed that asbestos easily breaks into microscopic fibers. Different studies and experience have shown that if these fibers enter our lungs it can result in malignant tumors. The scarring of lung tissues caused by these fibers is known as lung cancer or mesothelioma. There arose a class of lawyers namely asbestos lawyer who were dealing with compensation matters in such cases. This knowledge compelled men not to use asbestos in any of their products.
Compensation for asbestos victims
People who suffer from asbestos related problems or those who die because of mesothelioma are entitled to get compensation either by filing a case before the court through a mesothelioma attorney or through settlement.
Types of claims
It is difficult to understand the full spectrum of mesothelioma claims without understanding the different types of claims for which one can file suits through an asbestos lawyer. They are:
1. Legal claims
2. Veteran Affairs claim
3. Social security disability claims
Many people suffering from asbestos related diseases are getting financial support through an asbestos lawyer;from asbestos trust funds which are funds created by companies for giving co mesothelioma compensation. Asbestos trust funds are intended to help the people in all types of asbestos-related diseases.
The companies which are going to become bankrupt soon are organizing these funds as per court. These funds are intended to make sure that the victims of asbestos related cancer or other diseases get compensation for the sufferings cast upon them through a mesothelioma lawyer.
Billions of dollars in asbestos trust funds for compensation
According to a RAND report, asbestos victims have been paid a total sum of $ 3.3 billion as compensation as awarded by the judges in the cases filed mesothelioma lawyer. This report also lists the average payment as $ 1.4 million during the same period.
Thousand are receiving financial support
More mesothelioma patients and their relatives have understood this information through mesothelioma attorney in their neighborhood and they are turning to this fund for financial help. Asbestos trust funds have already paid billions of dollars as compensation. The trust fund is ready to file compensation as long as victims or their relatives approach them for the same.
How trust funds are created?
The direction to form asbestos trust funds was issued by the courts which were hearing the compensation petitions filed by the victim’s asbestos lawyer. The intention of the court order was to have funds even if the asbestos company becomes bankrupt during the process of hearing. These trusts have been found to be very helpful to the victims of mesothelioma. To get more information visit #mesothelioma lawyer.
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