Structured Settlement for Minors

SC

Sarah Chen

CFP®

Updated May 2, 202622 min read

Key Takeaway

Minors can receive structured settlements with additional legal protections. Court-appointed guardians or trustees typically manage the funds. Selling a minor's settlement requires strict court approval.

Legal Requirements and Protections

Structured settlements involving minors require special consideration and have additional legal requirements. These requirements are designed to protect the minor's interests and ensure funds are managed responsibly until they reach adulthood.

When a settlement involves a minor, court approval is typically required. This court oversight ensures that the settlement terms are fair and in the best interest of the child. The court may appoint a guardian or create a trust to manage the funds.

Protect Your Child's Future

Learn how to structure a settlement that provides long-term security for your child.

Learn More