In Virginia, a court must approve any compromise of a minor's injury claim, the order binds the child unless set aside for fraud, and the court directs payment into court, a college savings account, a fiduciary or a trust. Structured settlements must be secured by a bond or an A+ insurer. Enter the settlement, fee and bills to see what is left for the child.
Enter the settlement, the fee, costs and bills, and the child's age.
Virginia's approval rule is Va. Code 8.01-424. A guardian of a minor's estate accounts to the commissioner of accounts under 64.2-1305. The tolling rule is 8.01-229 and the deadline 8.01-243.
See why a court approves a child's settlement, how trusts, college savings and structured settlements work, and what we found about attorney fees in a child's case.
A local personal injury attorney can review your claim — many offer a free consultation.
This is an estimate for general guidance only and is not legal advice. Figures are based on the cited Virginia statutes. Confirm how these rules apply to your specific case with a licensed Virginia attorney.