Legal Question in Personal Injury in New Jersey
settlement
In a settlement case where the victim is to young to recieve monies due til the age of eighteen. Who is responsible for the safeguard and retrievel of such monies when victim has turned eighteen?
Asked on 10/16/06, 4:22 pm
1 Answer from Attorneys
Adam L. Rothenberg
Levinson Axelrod, P.C.
Re: settlement
Once the victim turns 18, the money is his/hers and can be retrieved by them from the county surrogate, unless the money is otherwise structured through a Court approved and ordered investment device.
Answered on 10/17/06, 9:38 am