Legal Question in Wills and Trusts in North Carolina
hi my daughter was just awarded a large settlement but sge is a minor we are unable to come to an agreement with her personnal injury attorneys with the set up of the trust. ARE we able to put her settlement into a frozen account until she is 18 and when she is 18 what would be some eaxamples of how her settlement could be distributed ?
1 Answer from Attorneys
What does this have to do with probate, wills and trusts? Probate or wills and trusts concerns the transfer of property through inheritance either for people who have already died or for people who are looking to make a will or trust.
You need to direct this question to your personal injury attorneys.
Where minor children are involved, structured settlements must be set up and there has to be court approval. If any monies are to be stuck into a bank account, then no funds are allowed to be withdrawn absent an order of court.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
