Post-Settlement Resource Guide

Accepting a settlement in a personal injury lawsuit is usually a celebratory moment. Often years in the making, it can provide a sense of relief and marks the beginning of a new chapter. Access to additional resources often means the future looks brighter, but some important planning is necessary to avoid unexpected challenges down the road.

There are special rules that apply to the use of settlement funds for people who do not have the capacity to manage those funds on their own. These special rules apply to all children under the age of 18 years and to any adult who lacks the required capacity to handle money. The use of settlement funds for this group of people must be approved by and will be monitored by the courts. Someone called a "guardian" must be appointed to supervise the use of the money and to be the intermediary between the individual and the courts.