Can a parent spend a child’s money won in a out of court settlement?

In California, settlements of matters in which a lawsuit is filed on behalf of a minor are usually approved by a judge, who orders the net settlement figure to be placed in a trust and not to be paid out until the minor reaches the age of 18 [the court can be petitioned for reasonable expenditures]. The Jackie Cogan law was enacted a long time ago because the parents did spend all the money their minor movie star son made.