CALIFORNIA INJURED KIDS | CHILD BLOCKED ACCOUNT: Where do most parents choose to open a Blocked Account for their Minor Child's Bodily Injury settlement in California?

A:

Most parents choose their own bank where the already have a bank account to set up a blocked account for the Minor Child's Bodily Injury Settlement since the court order to deposit funds will mandate any U.S. federally insured bank.  

Depending on the size of the settlement, some parents choose to deposit the settlement funds in a Triple AAA rated investment vehicle like an insurance annuity; also this can be done as a "hybrid" deposit meaning part of the settlement funds go into a U.S. bank, and part go into an investment vehicle.  The point with all of this is to have a substantial "nest egg" for their child when they turn 18 years of age when they would have full access to the settlement funds.
 

More Legal Questions About San Diego California Child Injury Accident Cases?

Do you have more legal questions about San Diego California Child Injuries & Accident Cases?  Return to the California Child Injuries & Accidents Frequently Asked Legal Questions page. 
 

The Law Offices of Mark C. Blane, APC

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The San Diego Child Injury & Accident Attorney that offers FREE Child Abuse Legal Help Books  to anyone BEFORE they speak to a Lawyer, or a Claims Adjuster, and signs any Forms; Mr. Blane also WROTE the BOOK on child injuries in California and it is available for purchase at his San Diego Child Injury Online Store; also he represent clients across Southern California including the following areas: 

Alpine, Bonita, Camp Pendleton, Cardiff by the Sea, Carlsbad, Chula Vista, Coronado, Del Mar, Downtown San Diego, El Cajon, El Centro, Encinitas, Escondido, Imperial Beach, Julian, La Jolla, Lakeside, La Mesa, Lemon Grove, National City, Ocean Beach, Oceanside, Pacific Beach, Poway, Ramona, Rancho Bernardo,San Marcos, Santee, Rancho Bernardo, Ramona, San Diego, Solana Beach, Spring Valley, Pacific Beach, Ocean Beach, San Ysidro, Julian,Lakeside, Vista and all other areas in San Diego County. We also proudly serve the following Southern California areas of: Imperial,Riverside, Orange, Los Angeles, San Bernardino, Santa Barbara, San Luis Obispo, Ventura, and Kern Counties.