Saturday, 6 December 2014

For a minor's settlement that is over $5,000, a minor's compromise is required. However, since what the minor will end up getting is less $5...

Question

For a minor's settlement that is over $5,000, a minor's compromise is required. However, since what the minor will end up getting is less $5,000, can the parents/guardian get it directly or does it have to go into a blocked account?



Answer

"can the parents/guardian get it directly..."

If the Court authorizes it.



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