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.

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 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

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.