Q: In ohio, who deposits funds from a minors settlement claim?
A:
An Ohio attorney should advise here, but your question remains open for two weeks. In many jurisdictions, cases involving minors will be concluded with a hearing where the court formally memorializes terms of the settlement in an Infant Compromise Order (that's the New York terminology - every state can differ). This governs how the funds are handled. The attorney would generally present the check to the parent/legal guardian for the funds to be deposited and held in trust until the infant reaches adulthood. This is a GENERAL overview - every state can have its own process. Consult with an Ohio attorney as to the guidelines for doing this properly so that the infant's funds are protected until she or he reaches adulthood.
Tim Akpinar
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