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- Panel Sparks Controversy Again with New Prostate Cancer Screening Guidelines
- Doctor Misdiagnoses Woman and Fails to Complete Full Examination; Woman Dies Days Later!
- Study Finds Hospital Acquired Infections Greatly Impact ICU Deaths
- Medical Malpractice and Res Ipsa Loquitur: An Explanation
- Medical Malpractice Liability and Nurses; Why Nurses are being sued More and More Often
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Library
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- Discover how you can win your lawsuit by taking Three Simple Steps in Kingston, New York
- How I learned a lesson in life from a shyster lawyer
- The Day My Hero Died
- Discover how you can get the special services for your disabled child in an Individualized Education Plan in Kingston, New York
- Discover how you can get top-notch health insurance for your family for less than $200 a month in Kingston, New York
What happens to the money in an infant settlement case in Kingston, New York?
A: Under New York law (CPLR sections 1206 and 1208), the money in an infant settlement case must be invested in a specific manner for the infant's benefit until the child reaches age 18. The settlement funds must be invested in government insured bonds in an account (trust, bank account, mutual fund) set up in the parent's name for the benefit of the child. The settlement funds cannot be invested in stocks and only certain kinds of bonds are acceptable under New York law.
Every infant settlement in New York requires Court approval of the settlement. This means that the Court will review the settlement in order to ensure that it is in the best interests of the child and that the settlement funds will be invested in accordance with the requirements of the law. The Judge signs an Court "Order" approving the settlement and the Order specifically directs that the child's portion of the settlement be invested only in government insured bonds until the child reaches "the age of majority" (a fancy term for "adulthood" or age 18).
If the lawyer or parent of the child fails to comply with the Court's Order, then there is a serious problem. The purpose of New York law is to ensure that the child's settlement money is invested in the safest manner possible in order to ensure the funds will still be there when the child reaches age 18.
If you have questions or want more information, I welcome your phone call on my toll-free cell at 1-866-889-6882 or you can send me an e-mail at jfisher@mmolaw.net. You are always welcome to request a FREE copy of my book, The Seven Deadly Mistakes of Malpractice Victims, at the home page of my website at www.protectingpatientrights.com.
Free Book
The Seven Deadly Mistakes of Malpractice Victims
ONE BIG PROMISE
You will not be another of the 98,000 victims of medical malpractice in the United States in 2009 if you read my FREE BOOK. I have a book that will tell you why most victims of medical malpractice never recover a penny. If you are the victim of medical malpractice, we will rush this free, valuable information so you know what to do. If you don't call now, you have only yourself to blame.
You will never have to worry about medical malpractice again if you call this toll-free number, 866-889-6882, for your free book, The Seven Deadly Mistakes of Malpractice Victims, and an audio CD of the book, or you can request the book here and the book will be rushed to you immediately at no cost.
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John H. Fisher
130 North Front Street
Kingston, New York 12402-3058
Phone: 518.265.9131
Fax: 845-331-2004
Toll Free: 866.889.6882
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Contact Info
John H. Fisher
130 North Front Street
Kingston, New York 12402-3058
Phone: 518.265.9131
Fax: 845-331-2004
Toll Free: 866.889.6882
Video Library
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- Personal Injury Attorney In New York Is Motivated By The Difference His Case Results Make In Peoples Lives
- How To Know Which Law Firm Is Right For You According To Medical Malpractice Attorney In New York
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