More details to this question:
Two of my daughters were in a car accident with their grandmother and are expecting a settlement. We live in the state of Texas, will the money be put in a trust?
2 ANSWERS
Litigation Attorney serving San Antonio, TX
at
Graves Law Firm
Update Your Profile
If they're under age 18 and their recovery is substantial, it's likely that a "friendly suit" will be necessary to settle their claims and their money will be deposited in the registry of the court until each of them reaches age 18.
Answered on Apr 25th, 2013 at 9:59 PM
Andrew Traub
If a lawsuit was filed or the insurance company wants protection from being sued when they turn 18, then the court will hold the money until they turn 18.
Answered on Apr 25th, 2013 at 9:45 PM