My 15 yr old daughter was hurt in an accident at someone elses fault, it’s time to settle, and I want to know if her settlement has to go into a trust
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My 15 yr old daughter was hurt in an accident at someone elses fault, it’s time to settle, and I want to know if her settlement has to go into a trust
My daughter was hut in a car that ws driven by an 18 yr old thathad been drinking, it is time to settle on her medical bills and for pain and suffering, I am being told that because she is a minor the money needs to be put into a trust until she is 16, but she needs at leastsome of the money now for school and some other bills, what can we do? Is there a way that she can get at leasta portion of it now?
Asked on June 19, 2009 under Accident Law, Wisconsin
Answers:
B. B., Member, New Jersey Bar / FreeAdvice Contributing Attorney
Answered 14 years ago | Contributor
You will need to talk to your lawyer about this, and quite possibly to whoever the court appoints as trustee for your daughter's money. If you don't have an attorney, one place to look for counsel is our website: http://attorneypages.com
The law and procedure on this varies from one state to another, and I don't practice in Wisconsin; more importantly, I don't have all of the facts of your daughter's case. But in most states, trust money like this is only available to pay expenses that are related to her injury in some way, or truly urgent unusual situations, until she is old enough to take charge of the money herself. Her school expenses might not qualify.
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