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.

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 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

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.