United Gilsonite Asbestos Trust Fund: Claim Types, Payments and Legal Options
The United Gilsonite Laboratories Asbestos Personal Injury Trust, established in 2014, processes and settles asbestos-related injury claims. This article delves into the Trust's purpose, claim submission guidelines, and resolution procedures.
Introduction to United Gilsonite Asbestos Trust
The United Gilsonite Laboratories Asbestos Personal Injury Trust, commonly referred to as the Trust came into existence following the Modified First Amended Plan of Reorganization of United Gilsonite Laboratories in September 2014. Its primary role is to handle, validate, and settle asbestos injury claims.
United Gilsonite Asbestos Trust Purpose and Functions
Born from the restructuring of United Gilsonite Laboratories, the Trust serves a critical role in settling asbestos-related personal injury claims. To ensure a streamlined and standardized process, the Trust operates based on the United Gilsonite Laboratories Asbestos Personal Injury Trust Distribution Procedures (TDP), which might undergo amendments as required. These procedures define how the Trust receives, evaluates, and settles the claims related to asbestos-induced injuries.
United Gilsonite Asbestos Trust Claim Submission and Resolution
For those looking to submit a claim, the Trust provides a clear pathway. Claimants need to adhere to a specified form as evidence of their claim. Comprehensive information, including filing guidelines, the requisite form, electronic submission agreements, and the complete TDP, is accessible on the Trust's dedicated Resources web page. The Trust began accepting claims on December 17, 2015. It's important to note that the initial date set by the Trust for claim submissions was June 17, 2016. Claims are processed systematically, following the order set out in Section 5.1(a)(1) of the TDP.
United Gilsonite Asbestos Trust Current Payment by Claim Type
Current payment amounts for each type of claim:
Mesothelioma Claims:
- Expedited Review: $246,448
- Individual Review: $492,898
- Ratio*: 11.0%
Lung Cancer Claims:
- Expedited Review: $25,877
- Individual Review: $36,967
- Ratio*: 11.0%
* 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.
United Gilsonite Asbestos Products
- Asbestos roofing
- Joint compound
- LASTIDECK
- NUDECK
- UGL Asbestos Furnace Cement
- UGL Joint Cement
United Gilsonite 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.
United Gilsonite Trust Fund Mesothelioma & Lung Cancer Compensation Calculator
Get a comprehensive mesothelioma or lung cancer compensation estimate after asbestos exposure form products related to United Gilsonite 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
America's largest personal injury firm fighting for mesothelioma victims nationwide.
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