New York puts a child's settlement under a court order, lets the court fix the fee and uses a $10,000 line for who may hold the money
New York handles a child's injury settlement under CPLR 1207 (court order and fee approval) and 1206 (who holds the money and the $10,000 line). Attorney fees for infants are governed by Judiciary Law 474, an infant is a person under 18 under CPLR 105, and the extended deadline is in CPLR 208.
See why a court orders a child's settlement, how guardians, deposits and structured settlements work, and how the court fixes the attorney fee.