Maryland medical malpractice attorney Marcus Boston discusses whether parents can deposit their child’s settlement or jury award in the child’s medical malpractice case into the parents’ personal bank account.
The short answer to the question is in general no, as a parent the money will not go into your bank account as the result of your child’s medical malpractice case. Maryland law requires that if a child receives money due to a type of personal injury, that money has to be deposited in trust in a bank type of financial institution.
The purpose of this is to make sure that the child’s money is protected at all times. If money has to be withdrawn for the child, there has to be court approval to make sure that the child’s interests are protected. This is even the case if the parents want to remove money for the child. Maryland law handles this issue this way because we have all read stories in the past where parents or guardians have misappropriated funds, which were supposed to be used for the child.
So why am I explaining this to you today? Because you are probably trying to figure out if you should speak to someone about your child’s possible Maryland medical malpractice case. Be it a surgical error or some other type of medical error, you are wondering if it is time to talk to a professional. Here’s what you can do. Pick up the phone and give me a call. I can be reached at 301-850-4832. If you would like to start the ball rolling with an email first, send me an email at medicalinjury “at” bostonlawllc.com (Remember to replace the “at” with @ in the email address. We write the address like this to combat email spammers). We answer questions like yours all the time and would be glad to talk with you and hear your child’s story.