Q: My son was hit by a car when 7 i settled out of court for a secured cd account for when he turned 18
At first settlement was for 3,000 when he turned 18 he got 4,000 plus i guess he says the intrest was 250. Or around there he claims for the ten or elen years it sat in bank he should of recieved thousands more from intrest he says i robed him and was wronged was he wronged by bank or is this how it was supposed to be
A: It sounds like you acted with the best of intentions in handling the award. From your description, it looks like you may have settled the case yourself. Even if an attorney was involved in handling the award under an infant comp order, it's hard to say if they would have done better with a more financially fruitful route. Only a financial or investment professional could make that call in hindsight. Whatever is done is done. Maybe the present sum could be discussed with someone at a bank to learn how to make the most of it from here on in.
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