If my son got a settlement that needs to be deposited into an account that must be locked until he is 18, what would happen if it was instead put into an unlocked account to be used for emergencies?
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If my son got a settlement that needs to be deposited into an account that must be locked until he is 18, what would happen if it was instead put into an unlocked account to be used for emergencies?
His check came in my name in benefit of him as a minor. What happens if I violate the court order?
Asked on January 6, 2015 under Estate Planning, North Dakota
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 9 years ago | Contributor
You could be placed in jail for violating the court order (you would be held in contempt) and you could be sued by your son once he turns 18 if you used the money for other than its intended use. Think twice.
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