Mesothelioma is an aggressive and deadly form of cancer caused by exposure to asbestos. Victims of this type of cancer often face significant medical expenses, as well as other financial burdens associated with the illness. To help alleviate some of the financial strain, many mesothelioma victims turn to trust funds to help cover the costs of treatment and other expenses. Trust funds are set up specifically to help mesothelioma victims and their families.
They provide financial assistance for medical bills, living expenses, and other costs associated with living with mesothelioma. In this article, we'll explore the different types of trust funds available, how they work, and how you can access them.
Types of Trust FundsMesothelioma victims may be eligible for compensation through trust funds set up to help them and their families. There are four main types of trust funds available to mesothelioma victims: asbestos trust funds, personal injury trust funds, charity trust funds, and government trust funds.
Asbestos Trust FundsAsbestos trust funds are set up by companies that produced products containing asbestos.
These trusts provide financial compensation for medical expenses, lost wages, and other costs associated with mesothelioma. To be eligible for compensation from these trusts, a person must have been exposed to asbestos from a product made by one of the companies in the trust.
Personal Injury Trust FundsPersonal injury trust funds are set up by companies that have been sued for asbestos-related illnesses.
Charity Trust FundsCharity trust funds are set up by organizations that provide financial assistance to mesothelioma victims and their families.
Government Trust FundsGovernment trust funds are set up by the government to provide financial assistance to mesothelioma victims and their families. To be eligible for compensation from these trusts, a person must have been exposed to asbestos from a product made by one of the companies in the trust. Mesothelioma victims have access to a range of trust funds that can help provide financial relief. It is important for those affected by mesothelioma to research all available options to determine which trust fund is the best option for their situation. Eligibility requirements vary depending on the type of trust fund and the individual case.