How Asbestos Trust Funds Work
If you live in Chicago, you don’t have to look far to find buildings and job sites with long histories. Unfortunately, some of these older structures carry an unwelcome legacy: asbestos.
For decades, workers across the city, from union laborers on the South Side to electricians rehabbing century-old homes in Lincoln Park, were exposed without ever being told what was at stake. And when someone develops mesothelioma or another asbestos-related illness, the financial fallout can hit as hard as the diagnosis itself.
This is where asbestos trust funds can help those affected. They compensate people harmed by asbestos exposure when the companies responsible have gone bankrupt. Here is what you need to know about how asbestos trust funds work to make the system less intimidating for you.