A minor is comeing money in from a lawsuit does the money has to come in to a trust fund though probate court?

Asked on May 31, 2009 under Accident Law, Michigan

Answers:

B. B., Member, New Jersey Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

The way this is handled can differ from one state to the next, and I'm not a Michigan attorney, so you'll need to ask local counsel for the details.  One place to find a lawyer near you is our website, http://attorneypages.com

Typically, personal injury recoveries for a minor are kept in a trust of some sort, whether it's with the court, an attorney's trust account or a separate account with a third party trustee, and often the court has to be asked to approve any spending from the trust, at least until the person turns 18.


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