Q: What is a protective order for child's settlement money?
What is a protective order concerning my 7-year-old son's car accident settlement money? I am his mother, and I'm unsure about its implications and would like to understand more about it.
A: This most likely means that there is some type of protective order issued by the Court protecting the proceeds of the settlement from being spent until the minor reaches the of 18. Although it could mean some other type of protection related to the settlement proceeds. The purpose of a protective order would be to protect the rights of the minor child.
Tim Akpinar agrees with this answer
A: In virtually every state, personal injury awards for infants usually need court approval. It sounds like something in connection with that. In many states, this can involve a separate hearing or appearance before a judge. This is to protect the interests of minors until they reach adulthood - and involves a judge approving the award, attorney fees, and expenses. Good luck
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