Do you have pleural mesothelioma (the form affecting the lining of the lungs) as a result of asbestos exposure? If so, you’re not alone as over 3,000 new cases are diagnosed each year in the United States.
What’s more, many meso victims have received settlements in the millions due to the fast-moving nature of this form of lung cancer, combined with its rarity. In fact, this type of mesothelioma is so rare that some say that more than 95% of people suffering from this condition developed the condition from exposure to asbestos.
The link between asbestos and mesothelioma lung cancer is very well established and as a result, meso patients and their families win dozens of lawsuits each year. But nothing in the legal system is guaranteed. There are some things you can do to protect your mesothelioma settlement both as you work to file a claim and after you’ve received your settlement.
Tip 1: Act Immediately!
When it comes to filing a mesothelioma and asbestos lawsuit, time is critical!
The law limits how long you have to take legal action. The statute of limitations varies from state to state, ranging from 1 to 5 years from the time of your diagnosis in most cases.
In the case of family members who opt to file an asbestos mesothelioma wrongful death lawsuit, you generally have 1 to 2 years after the date of your loved one’s death to file suit. The timeframe varies from region to region, but the take-home message is the same regardless of location. Take action straight away to protect your chances of getting a settlement.
Tip 2: Consult an Expert on Investments and Banking
As with all assets, you may be subject to taxes and fees depending upon what you plan to do with your asbestos and meso settlement money.
So take the time to consult and attorney and a financial consultant to obtain advice on how to invest and keep your money in a way that minimizes risk, taxes and fees, while simultaneously meeting your financial needs.
Tip 3: Don’t Take Action or Communicate About Your Case Without Your Lawyer!
Never take any sort of action or discuss matters relating to your mesothelioma/asbestos lawsuit without consulting your attorney.
The viability of your case can quite literally be ruined with just single remark, email or comment. And you don’t ever want to agree or consent to something without legal counsel, as you may not fully understand the implications or consequences. Therefore, protect your pending mesothelioma settlement by taking a cautious approach and consult your attorney for anything and everything regarding your case.
Tip 4: Carefully Consider a Settlement vs a Jury Award
A vast majority of mesothelioma cases are fairly cut and dry (in favor of you, the plaintiff) and as a result, it’s customary for the other side to offer a settlement before the case ever goes to trial and appears before a jury.
While this saves time — and time is a very important factor considering the fast-moving nature of mesothelioma and the fact that just 4 in 10 patients are still alive 12 months after diagnosis — it’s important to realize that jury awards are often significantly higher. The highest mesothelioma payouts have been jury awards.
So you must evaluate your health, your financial situation and your need for the settlement money as you determine whether you can roll the dice and hold out in hopes of a large jury award or opt for a smaller but faster settlement. If you’re financially secure and have a rock solid case, it’s generally best to hold out and see the case to completion (or commit to letting the case run its course for the benefit of your family members, even if you’re not alive at its conclusion.)
Tip 5: Write a Will
Write a will or revise your existing will to detail what should happen to your settlement money after your passing.
This will help protect your settlement from falling into the wrong hands simply because you didn’t clearly indicate your wishes for how the funds should be distributed after your passing.
These are some of the many points to consider as you seek a mesothelioma settlement. The key is to work with your attorney in a collaborative manner and maintain an active role in your case. This will increase your chances of a favorable outcome.
The experienced legal team at Mesowatch.com is now accepting new clients who’ve developed mesothelioma after asbestos exposure. Visit their website at https://mesowatch.com/mesothelioma-lawyers/ – providing the nation with free valuable information regrading asbestos exposure claims and connects you with the top rated mesothelioma attorneys in the country,