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Why Does My Child’s Settlement Money For Our Maryland Medical Malpractice Case Have To Go In A Trust Account?

Posted by Frank Spector | Aug 13, 2013 | 0 Comments

This is a question we get asked very often in cases where we represent a child.

Under the law of Maryland, if there is a money recovery by a child for any type of personal injury over $5,000, the money must be placed in a financial institution like a bank under a trust account. A trust account protects the child's money. No money can be be taken out by anyone, including the parents, unless there is Court approval.

The Court will make sure that any withdraws are for the best interest of the child.  This trust account with Court approval is required in these kinds of cases no matter what.

If you have any questions about this or any other medical malpractice or personal injury matters, call us toll free at 1-800-299-4878. The other way to contact is to fill out the contact form on this page or on any other page of the website.

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About the Author

Frank Spector

Welcome to my profile page. Choosing a lawyer is a big decision. Here is some information so you can get to know me better. I am the third generation of lawyers in my family. I saw how lawyers can help people get justice for their injuries. So for over 30 years, I have helped those injured by m...

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Frank Spector Law is committed to answering your questions about Medical Malpractice, Birth Injury - Cerebral Palsy, Birth Injury - Erb's Palsy, Birth Injury - Development Delay, Wrongful Death, Surgical Errors, Emergency Room Malpractice, Misdiagnosis, Medication Errors, and Nursing Home Neglect law issues in Maryland.

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