Los Angeles Personal Injury Lawyer Directory

  • Home
  • Credentials Matter
  • Practice Areas
    • Personal Injury
    • Automobile Accident
    • Car Accident
    • Workers Compensation
    • Wrongful Death
    • Cruise Accident
    • Slip & Fall
    • Uber Accident
  • Blog
  • Contact an Attorney

November 25, 2017 by MatadorAdmin

Which Parent Will Manage Their Child’s Personal Injury Settlement?

Your child may be entitled to compensation if they suffer injuries from someone’s negligent actions. When a child is awarded a settlement after a personal injury lawsuit, someone is appointed to manage it until the child reaches a certain age. In most cases, while the child is a minor, control of the settlement funds goes to the parents. This quickly becomes more complex when parents are separated or divorced. Usually the responsibility of the personal injury settlement money defaults to the parents. The person who is considered the primary parent, where the child spends the majority of their time, is usually the parent responsible for the money. It’s important to keep in mind that the court is always making decisions in the best interest of the child and that the money ultimately belongs to them. For a parent to be able to access the child’s money, they must get permission from the court.

When a Child Receives a Settlement

When a child is awarded money from a personal injury settlement, it is often dispersed into two payments. Often, there are financial losses as the result of an injury which could include medical expenses and legal fees. The first disbursement of money often takes care of these expenses. The next payment, is put in a trust account for the child. This second portion of the settlement is to pay for damages and to cover any additional expenses that may be incurred in the future from the personal injury. The money is usually released to the child once they are of age. At that point they have full access to the settlement.

Fiduciary Duty

Whether parents are married or divorced, they are responsible for holding the money and making decisions regarding the best interest of the child. They have a fiduciary responsibility to their child. In some cases, the court may step in to protect the child’s settlement by regulating the amount of access a parent may have to the settlement.

Meeting with practiced family lawyers or child custody attorneys Phoenix AZ trusts may be of value to you if you are left with questions around your child’s personal injury settlement. They will be able to provide you with invaluable information regarding your fiduciary responsibility. Be sure to ask the attorney you meet with questions around their experience so you can decide if they are the right fit for you.

 


Thanks to our contributors from Hildebrand Law for their insight into child custody and personal injury cases.

 

Filed Under: LA Personal Injury Law

Los Angeles Personal Injury Lawyers

  • Home
  • Credentials Matter
  • Practice Areas
    • Personal Injury
    • Automobile Accident
    • Car Accident
    • Workers Compensation
    • Wrongful Death
    • Cruise Accident
    • Slip & Fall
    • Uber Accident
  • Blog
  • Contact an Attorney

L.A. Personal Injury Resources

LA Car Accident Lawyers
Automobile Accident Lawyer LA
Los Angeles Personal Injury Lawyer
Los Angeles Automobile Accident Attorney
Car Accident Lawyer Los Angeles
Los Angeles Workers Compensation Attorney
Los Angeles Wrongful Death Attorney
Los Angeles Slip & Fall Lawyer
Uber Accident Lawyer Los Angeles
Motorcycle Accident Lawyer Woodland Hills CA
Truck Accident Lawyer Woodland Hills CA
Los Angeles Personal Injury Attorneys

Other Resources

Hot Legal Tips
Dog Bite lawyer Denver CO
Cruise Accident Lawyers LA
Drug Possession Lawyer Llano, TX
Pedestrian Accident Lawyer Atlanta GA
Car Accident Lawyer Los Angeles CA

Contact an Attorney

Contact an attorney from one of Los Angeles' premier personal injury law firms.

Free Case Evaluation

No Legal Advice Intended. This website includes general information about legal issues and law practices. Such materials are for informational purposes only and should not be considered legal advice or counsel. Information may not reflect current legal standards. For legal advice specific to your needs, contact an attorney licensed in your jurisdiction. Do not rely on any statement on this website for any reason whatsoever. Furthermore, the information contained in this website is for informational purposes only. It is not, nor is it intended to be, legal advice or representation. Your review or use of this web site, its information and links does not create an attorney-client relationship or an attorney-client privilege between this law firm and you. Statements made to this firm before the formation of an attorney-client relationship may not be privileged and confidential.


Other Resources
American Bar Association | The American Lawyer | National Lawyers Association | Lawyers Without Borders | American College of Trial Lawyers | American Bar Association | National Association of Women Lawyers | Lawyers Associated Worldwide | Car Accident Lawyer DC | DC Personal Injury Lawyer | Elizabeth, NJ Workers Comp Attorney


© COPYRIGHT 2023 LOS ANGELES PERSONAL INJURY LAWYERS | POWERED BY SEO Marketing For Attorneys