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Sorry for cross posting but no replies in Family Law section...
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Is the family court involved in the process of setting up a trust fund for minors in the event of a personal injury claim when the Mother dies in an accident and there is no will ?
I understand that the compensation awarded is sometimes referred to by insurers as a 'University Fund' (or something like that), where an amount is held in trust until children reach adulthood.
Thanks for any feedback.
K.
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Is the family court involved in the process of setting up a trust fund for minors in the event of a personal injury claim when the Mother dies in an accident and there is no will ?
I understand that the compensation awarded is sometimes referred to by insurers as a 'University Fund' (or something like that), where an amount is held in trust until children reach adulthood.
Thanks for any feedback.
K.
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