A minor is comeing money in from a lawsuit does the money has to come in to a trust fund though probate court?
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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 14 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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