A-Best Products Asbestos Trust Fund: Claim Types, Payments and Legal Options

Discover the ins and outs of the A-Best Asbestos Settlement Trust, its fundamental role in processing asbestos-related injury claims, and the streamlined steps for claim submissions and resolutions.

Table of Contents
Introduction
Trust Purpose and Functions
Claim Submission and Resolution
Current Payment by Claim Types
Asbestos Products
Legal Options & Free Legal Consultation

Introduction to A-Best Products Asbestos Trust

The A-Best Asbestos Settlement Trust emerged due to the insolvency of the A-Best Products Company. Its primary objective is to efficiently address and compensate valid asbestos injury claims in alignment with a set of approved protocols.

A-Best Products Asbestos Trust Purpose and Functions

Born from the bankruptcy of the A-Best Products Company, the Trust was formed with a clear-cut objective: to ensure that those harmed by asbestos-related injuries receive just compensation. To make this happen, the Trust adheres to a specific set of procedures known as the Trust Distribution Procedures (TDP). These procedures, ratified by the bankruptcy court, provide a transparent and systematic approach to process and settle valid claims.

A-Best Products Asbestos Trust Claim Submission and Resolution

For those seeking compensation, understanding the claim submission process is crucial. As per the Trust's guidelines, claimants must submit a designated claim form as evidence of their claim. Detailed instructions for submission, including the claim form and mandatory agreements for electronic submissions, have been laid out by the Trust to ensure clarity and ease of process.

A-Best Products Asbestos Trust Current Payment by Claim Type

Current payment amounts for each type of claim:

Mesothelioma Claims:

Expedited Review: $30,500
Individual Review: $30,500
Ratio*: 18.0%

Lung Cancer Claims:

Expedited Review: $6,800
Individual Review: $6,800
Ratio*: 18.0%

* The trust funds ensure a fixed percentage of compensation known as a "ratio", which reserves funds for potential future victims based on the claim's worth.

A-Best Products Asbestos Products

Aprons
Boots
Cloth
Coats
Conveyor Belting
Curtains
Gloves
Handpads
Hoods
Leggings
Mittens
Rope
Sleeves
Tape

Asbestos Law Firms Near You

National law firms, with their experience in handling cases and trust fund claims across the country, can be a smart choice. Opting for a nationwide firm means you'll have a team of lawyers who know the ins and outs of asbestos cases in every state. They'll figure out the best place to file your claim and make sure it's done within the legal deadlines, all to get you the maximum possible compensation.