I really need to know when I'll get my next structured settlement check?
Posted by MarkSep 3
When I was 15 I got in a car accident and I get ,000 in all. I could choose to get it all at once when I turned 18, or (the one I chose) to get it in three portions- a ,000 check when I turned 18, a ,000 check when I turn 25, and a ,000 either when I’m 20 or when I’m 21. And I can’t remember if it’s when in 20 or 21 years old that I get it and it’s important. I don’t know I’m sure it’s just different for everyone but I was wondering if they do the same ages for each portion of money. Or if one would be more common than the other? I know I could find out someway but it’s the middle of the night so I’m resorting to yahoo answers. Anyone know?
My parents didn’t decide the dates.
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It appears you blew the $10K already and I am guessing you are looking at a fancy car you have in mind for the $20k.
No one here can tell you. Since you were a minor, your parents and/or guardian set up this trust and determined the payout dates for you to receive the money. There is no rule of ages, but many times are set up to get more money of waiting for interest accumulated, to pay for college, or possibly to make sure the minor is much older in hopes they don’t blow it all at once.
Ask your parents, or call the company that issued the 1st check for the next payout.
good luck