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Finding the Best Mesothelioma Lawyer
Finding the best legal representation is a crucial part of any asbestos-related case. Retaining a general practice lawyer or an attorney who isn’t experienced in asbestos and mesothelioma lawsuits is never recommended, as these types of cases can be very complex.
Just as physicians have different specialties, lawyers do too, and you’ll want to find a knowledgeable lawyer or law firm that specializes and has in-depth experience in handling mesothelioma and other asbestos cases. You’ll also want an attorney that provides you with details about how your case is progressing and keeps you in the loop at all times.
Mesothelioma Trust Funds
Mesothelioma trust funds are funds set up by companies who have experienced an overwhelming amount of asbestos-related lawsuits and in turn, were ordered to set up financial compensation for future cases.
Today, there are over a hundred mesothelioma trust funds set up in the United States alone, and that number may grow as more and more companies face liability. According to the United States Government Accountability Office (GAO), close to $17.5 billion has already been to awarded to victims of diseases caused by exposure to asbestos. An estimated $30-40 billion is still available for future cases.
In the past, victims of mesothelioma and other asbestos-related diseases had to rely on lawsuits for compensation. But since many companies were ordered to set up mesothelioma trust funds, compensation to mesothelioma victims is now more readily available.
Mesothelioma lawsuits were created to give victims of asbestos-related diseases a way to get compensation for medical expenses, pain and suffering, lost wages, and in some instances, punitive damages. Although there has already been a myriad of mesothelioma lawsuits in the United States alone, these numbers are expected to steadily increase worldwide over the next decade as more people develop asbestos-related diseases.
If you or a loved one have been diagnosed with an asbestos-related disease, such as malignant mesothelioma or asbestosis, the first step in getting the substantial compensation you may qualify for is to learn more about how the lawsuit process works and what you may be entitled to.
The majority of lawsuits for mesothelioma end in settlements, in which a law firm or lawyer negotiates a compensation amount with the defendants on behalf of mesothelioma victims and/or their loved ones. Although it’s difficult to determine how long a settlement will take, on average, they are generally a lot faster when compared to a mesothelioma trial.
Mesothelioma settlement amounts will range according to how long the defendant has lived with an asbestos-related illness, what stage the illness is in, and the circumstances surrounding how asbestos exposure took place. However, many previous mesothelioma cases have resulted in million-dollar settlements, and some settlements have even reached $10 million and more for both the defendants and their loved ones. It’s important to understand how mesothelioma settlements work beforehand so that there are no surprises during your case.