JT Thorpe Asbestos Trust Fund: Claim Types, Payments and Legal Options
Discover the J.T. Thorpe Settlement Trust's history and function, created to handle asbestos claims for specific firms. Learn about its purpose, claims process, and unique qualities compared to other trusts.
Introduction to JT Thorpe Asbestos Trust
In 2006, J.T. Thorpe, Inc. and its associates emerged from bankruptcy, forming the J.T. Thorpe Settlement Trust. This trust was created to manage and process asbestos claims for the corporations with significant industrial ventures across southern California.
JT Thorpe Asbestos Trust Purpose and Functions
The J.T. Thorpe Settlement Trust was established to process asbestos claims for specific entities. The trust is distinct from the "J.T. Thorpe Company Successor Trust" and only handles claims unrelated to the company's work in Texas and Louisiana. The J.T. Thorpe Settlement Trust has collaborated with the Western Asbestos Settlement Trust in Reno, Nevada, since its inception on June 29, 2006.
This collaboration allowed the J.T. Thorpe Settlement Trust to leverage the administrative prowess and claims-processing infrastructure of the Western Asbestos Settlement Trust, ensuring efficiency and economical operations that favor the best interests of both current and future claimants.
JT Thorpe Asbestos Trust Claim Submission and Resolution
For individuals or entities looking to submit a claim or resolve any query related to the trust, you can contact the J.T. Thorpe Settlement Trust directly.
JT Thorpe Asbestos Trust Current Payment by Claim Type
Current payment amounts for each type of claim:
Mesothelioma Claims:
- Expedited Review: $102,647
- Individual Review: $150,000
- Ratio*: 90.0%
Lung Cancer Claims:
- Expedited Review: $15,278
- Individual Review: $40,000
- Ratio*: 90.0%
* 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.
JT Thorpe Asbestos Products
- Refractory products
JT Thorpe Trust Fund Asbestos Exposure Calculator
National average for mesothelioma lawsuit settlements typically range from $1.1 million to $1.5 million while lung cancer settlements may range between $150,000 and $350,000. Use Asbestos Compensation Calculator for a personalized compensation estimate.
JT Thorpe Trust Fund Mesothelioma & Lung Cancer Compensation Calculator
Get a comprehensive mesothelioma or lung cancer compensation estimate after asbestos exposure form products related to JT Thorpe Asbestos Trust Fund. Follow a few quick steps to receive your personalized result in seconds.
Asbestos & Mesothelioma Law Firm 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.
Morgan & Morgan is Helping Asbestos Victims for Over 40 Years
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