If a minor child is seriously injured, who gets the money if there is a settlement or trial judgment?
Lexington Personal Injury | Kentucky Motor Vehicle Attorney |
A: Under Kentucky law, the personal injury settlement money for a minor child must go to the child, and cannot be used to pay the parent's mortgage or for similar household needs. In Kentucky cases where a minor receives a substantial amount of money in a personal injury or wrongful death case, Hurt, Crosbie and May attorneys will often recommend that certain trusts be established to make sure that the money is protected for the exclusive use of the child later in life.
Given the complexity of these type of compensation issues, we will usually seek the expertise of tax and financial advisors working in Lexington, Georgetown, Louisville and other Kentucky communities to assist us in this process.
Hurt, Crosbie & May serves clients in Kentucky, including the following areas:
Cities: Lexington, Nicholasville, Georgetown, Richmond, Winchester, Louisville, Frankfort, Lawrenceburg, Cynthiana, Mt. Sterling, Versailles, Paris, Stanton, Harrodsburg, Clay City, Wilmore, Berea.
Counties: Fayette, Jessamine, Scott, Jefferson, Madison, Franklin, Woodford, Shelby, Anderson, Clark, Mercer, Powell, Garrard, Bourbon, Montgomery, Spencer, Estill.
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Lexington, KY 40507
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