Trust distribution procedures define qualifying medical criteria, required exposure evidence, scheduled values by disease category, and the election between expedited scheduled payment and individual review.
A payment percentage is applied so that available assets are shared proportionally among present and future claimants.
Alternative Names:
TDP, Trust Distribution Plan
Why it Matters?
These procedures set the terms on which most asbestos claims are actually valued, and they are documentary evidence of what a claimant asserted about exposure. The exposure showing required for trust payment is typically less demanding than tort proof, which is precisely why the resulting submissions are useful for impeachment in tort cases. Payment percentages also decline as trusts age, which affects how claimants allocate between trust and tort recovery.
Frequently Confused with
Related terms
Frequently asked questions
What do trust distribution procedures establish?
Why is the exposure standard relevant in tort cases?
