The amount of money a mesothelioma victim receives will depend on a variety of factors such as what trust(s) a victim is filing a claim against, how much money is available in the trust fund, and the severity of a claimant’s injuries. Trust fund payment percentages are different from trust to trust. In most cases, a claimant will not receive the total amount he or she is eligible for but will instead receive a percentage of the eligible amount. For example, if a claimant is eligible for $100,000 and a particular trust fund pays 40% of a claimant’s eligible amount, the claimant will receive $40,000.
In a perfect world, mesothelioma victims should receive 100% of their eligibility amount. However, with limited funds, trusts pay out a percentage of a claimant’s eligible amount to ensure there are sufficient funds to pay future mesothelioma claims. If claimants receive 100% of their eligible amount, the trust funds may diminish, leaving no compensation for mesothelioma victims who wish to file claims in the future. But, it is important to know that many mesothelioma victims file claims against multiple asbestos trust funds, which means there is a chance to receive a greater amount in compensation.
Depending on the total amount available in a particular trust fund, some trusts will compensate claimants as little as 1% of the claimant’s total eligible amount, while other trusts may compensate a claimant 100% of the total eligible amount. At the end of the day, it all depends on how much money is available in a particular mesothelioma trust fund. By working with our mesothelioma lawyers, victims can streamline the process of filing multiple claims against various trust funds to obtain the maximum amount of compensation possible.