Q: Is it Tennessee law that a settlement involving a minor be placed in a trust fund until the child is of legal age
A:
There are a number of statutory considerations for minor settlements. One issue is whether the amount is greater than 10,000.
http://butlervinesbabblaw.com/blog/how-to-deal-with-minor-settlements/
Something, whether a trust, or other fiduciary protection is needed for amounts over 10,000 to make sure the mine's needs are met.
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