With a lawsuit settlement for a minor, if you let the court keep the money until the child is of age does it accrue interest?

Asked on March 27, 2014 under Personal Injury, Alabama


FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 6 years ago | Contributor

One does not let the court keep the money when there is a minor's settlement (compromise). The court orders the net settlement proceeds placed in an interest bearing account and to be released from time to time upon petition to the court and when the minor becomes an adult.

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