UTMA Account Annuity Order {CIV_MNR_04_A}

CIV_MNR_04_A - ORDER APPROVING SETTLEMENT CLAIM OF A MINOR. This is a Delaware Superior Court order used in minor settlement cases to authorize how settlement funds are handled and protected. The order approves the settlement amount, permits the petitioner to execute a release on behalf of the minor, and outlines all authorized deductions for fees, expenses, and medical bills. It directs the remaining proceeds into a UTMA account and a structured annuity, with detailed payment schedules that begin no earlier than the minor’s age of majority. The form also explains the petitioner’s fiduciary duties, restrictions on withdrawals, and required proof of account setup and funding. A copy of the executed order must be provided to the financial institution and annuity company. www.FormsWorkflow.com