Some of the top asbestos lawyers work for well-established national law firms such as Weitz & Luxenberg and Simmons Hanly Conroy. These attorneys have experience successfully representing mesothelioma cancer patients and their families to obtain the largest possible recoveries.
The average mesothelioma settlement is between $1 million and $1.4 million. The average mesothelioma trial verdict is $2.4 million. Settlements from mesothelioma lawsuits provide victims guaranteed compensation that may be paid within a few months. Asbestos settlements are typically not taxable under federal tax laws.
Although each case is different, many mesothelioma lawsuits start to award compensation within 90 days. Further, the entire mesothelioma lawsuit timeline usually is usually 12 months or less.
This means 3 years from the date of diagnosis of an asbestos-related illness, not 3 years since your exposure to the asbestos. Family members of people who died from mesothelioma within three years of being diagnosed may still be able to make a claim. The 3-year period to make the claim begins from the date of death.
$250 millionOur Record-Breaking Results. One landmark verdict our firm secured awarded $250 million to Roby Whittington, who was diagnosed with mesothelioma after working at U.S. Steel for 30 years. This is the largest asbestos verdict against a single defendant in the history of asbestos litigation.
Are Mesothelioma Settlements Taxable? In general, compensation received through a mesothelioma settlement is not taxable. According to section 104 of the IRS tax code, compensation awarded in direct connection to personal injuries or sickness is not taxed.
In a mesothelioma settlement, manufacturers of asbestos-containing products agree to pay a sum of money to individuals affected by asbestos exposure. This amount is determined through negotiations between both parties' lawyers.
During the final stages of pleural mesothelioma, the cancer has spread to distant organs. Symptoms at this stage may include shortness of breath (dyspnea), painful coughing, pain and tightness in the chest and severe weight loss.
How to File for Mesothelioma Compensation. Mesothelioma victims and their loved ones can file a compensation claim with an experienced mesothelioma lawyer. Mesothelioma lawyers can file a lawsuit or trust fund claim on your behalf. They can also help you gather the right resources to access VA benefits.
People who know they have been exposed to asbestos at work but who have not developed an asbestos related condition regularly ask us whether they can pursue a claim for the worry and upset caused by knowing they could develop an asbestos related disease. Unfortunately, the answer is no.
The Diffuse Mesothelioma Payment Scheme (DMPS) can provide financial support to those who are unable to make a compensation claim. This means that you could claim funds for your asbestos-related illness even if your employer's insurer can't be found, or in the event that your former employer is insolvent.
They have found that some people have an inherited gene that makes the patient predisposed to developing mesothelioma once exposed to asbestos. Not everyone exposed to asbestos will develop the disease, but if someone in your family has it is imperative to get yourself tested.