M
mkinman
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settlement laws for minors
What is the name of your state? Indiana
My mother, who was a Belgian citizen, died as a result of a car accident in Belgium. The car was a rental car which was insured. The Belgian insurance company is awarding all of the children and grand children a sum of money (I am not sure what this type of settlement is called). In Belgium the law states that this type of settlement to a minor (<18 yo)must go to a secure account, only to be accessed ones the child turn 18. My 2 children are both minors and US citizens, residing in the US. Does the US law stipulate the same provisions?
What is the name of your state? Indiana
My mother, who was a Belgian citizen, died as a result of a car accident in Belgium. The car was a rental car which was insured. The Belgian insurance company is awarding all of the children and grand children a sum of money (I am not sure what this type of settlement is called). In Belgium the law states that this type of settlement to a minor (<18 yo)must go to a secure account, only to be accessed ones the child turn 18. My 2 children are both minors and US citizens, residing in the US. Does the US law stipulate the same provisions?
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