W.R. Grace Asbestos Trust Fund: Claim Types, Payments and Legal Options
Learn about the WRG Asbestos PI Trust's role in resolving Asbestos PI Claims. Dive into its purpose, functions, and the process of claim submission and resolution.
Introduction to W.R. Grace Asbestos Trust
The WRG Asbestos PI Trust serves as a mechanism for resolving Asbestos PI Claims, ensuring that all claims are treated with fairness and equity. This article provides an overview of its core functions, purpose, and the process for claim submission and resolution.
W.R. Grace Asbestos Trust Purpose and Functions
The primary purpose of the WRG Asbestos PI Trust is to take on all responsibilities and liabilities concerning PI Trust Claims. This includes directing the processing, liquidation, and payment of all claims in accordance with established guidelines. These guidelines comprise the Trust Distribution Procedures (TDP) and the Confirmation Order. The Trustees, designated individuals responsible for overseeing the Trust, ensure the proper implementation and administration of the TDP. This framework is crafted to guarantee fair, equitable, and consistent treatment for all current and future PI Trust Claims.
W.R. Grace Asbestos Trust Claim Submission and Resolution
For those interested in making a claim or learning about the procedure, the Trust has made the TDP1 document accessible on its official website. This document provides detailed insights on how and when claims can be filed. The Trust started accepting these specific claims on August 25, 2014, starting from 10:00 A.M. EST.
W.R. Grace Asbestos Trust Current Payment by Claim Type
Current payment amounts for each type of claim:
Mesothelioma Claims:
- Expedited Review: $180,000
- Individual Review: $450,000
- Ratio*: 31.7%
Lung Cancer Claims:
- Expedited Review: $42,000
- Individual Review: $95,000
- Ratio*: 31.7%
* 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.
W.R. Grace Asbestos Products
- Ari-Zonolite Texture
- Econo-White
- Gun Coat Spray Surfacer
- High Temp Insulating Cement
- Hi-Sorb Plaster
- Perlcoustic
- Perltex Super-40 Fog
- Perltex Super 40 Perlite
- Perltex Super-40 Polycoarse
- Perltex Super-40 SAV
- Prep Coat
- Spra-Wyt
- Vermiculite
- Versakote
- Zono-Coustic
- Zonolite
- Zonolite Acoustical Plaster
- Zonolite Cement
- Zonolite Mono-Kote
- Zonolite Mono-Kote Fireproofing (MK)
- Zonolite Spra-Insulation
- Zonolite Spra-Tex
- Zonolite Super 40
- Z-Tex
W.R. Grace 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.
W.R. Grace Trust Fund Mesothelioma & Lung Cancer Compensation Calculator
Get a comprehensive mesothelioma or lung cancer compensation estimate after asbestos exposure form products related to W.R. Grace 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.
Flint Cooper is Helping Asbestos Victims for Over 30 Years
Flint Cooper provides expert legal counsel and powerful advocacy for mesothelioma clients.
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