Q: My children are judgement creditors in an Arizona case. We live in Texas. How do I open a special account for them?
I am pretty sure the account needs to be closed and that I will need judge approval to have access to the money.
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A:
To open a special account for your children as judgment creditors, you should first consult with a lawyer who is familiar with both Arizona and Texas laws. They can guide you through the specific legal requirements and ensure that all steps are handled correctly.
You will likely need to petition the court for approval to manage the funds. This process involves submitting the necessary paperwork and possibly attending a hearing where a judge will review your request. Make sure to gather all relevant documents related to the judgment and your children's status as creditors.
Once the account is established, it’s important to follow any court orders regarding its management and closure. Regularly update the court on the account’s status and ensure that all transactions are transparent. This will help you gain the judge’s approval for accessing the money and ensure everything is handled properly.
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