HOW DOES DIVORCE AFFECT CHILDREN’S SETTLEMENT MONEY

Dennis Quaid and Kimberly Buffington-Quaid are divorcing. Before they separated, their twins received money for injuries they suffered while babies in the hospital. Who will control that money when their parents divorce? If your children have property of their own, you should speak with your divorce lawyer about protecting the children’s money. This can be done in what is called a tutorship proceeding. Tutorship is different from child custody although it has similar goals. Be sure to tell your lawyer about any property that your children have or may receive.