Minor Settlement UTMA Account Order {CIV-MNR_02_A}

CIV-MNR_02_A - ORDER FOR ALL SETTLEMENT MONIES DEPOSITED IN UTMA ACCOUNT. This form is a Delaware Superior Court order approving a tort settlement on behalf of a minor when settlement funds are to be held under the Uniform Transfers to Minors Act (UTMA). This order authorizes the petitioner to accept the settlement, execute a general release, and pay court-approved attorney’s fees, expenses, and medical bills. The remaining balance must be deposited into a UTMA account at a financial institution, with the petitioner acting as custodian. The custodian holds fiduciary responsibility to use the funds solely for the minor’s health, education, maintenance, and welfare, and no withdrawals may be made before age 18 without prior court approval. Proof of deposit must be filed within 60 days. www.FormsWorkflow.com