Court approves $100,000 settlement for minor injured in September accident; custodial plan reviewed
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Summary
On behalf of minor Julian Wilcox, the court approved a final settlement for the full policy limits ($100,000) after counsel and guardians confirmed medical expenses were resolved and a custodial account would hold proceeds for the minor's benefit.
The court approved a proposed settlement on behalf of minor Julian Wilcox arising from a single-vehicle accident on Sept. 7. Tina Neely, the child’s legal guardian, and counsel said the hospital (Vanderbilt) expenses have been resolved and that other providers’ claims were addressed; the parties agreed to settle for the policy limits of $100,000.
The court reviewed statutory protections that apply to minor settlements and confirmed the petitioner’s plan to place proceeds in a custodial account to be used solely for the minor’s benefit. Counsel and the guardian also acknowledged that finalizing the settlement would bar future claims related to the injury once the minor reaches the relevant statutory milestone.
After ensuring the guardian understood this was a final settlement and had made arrangements for custodial management, the court signed the order approving the settlement.
Next steps: the clerk will process the settlement paperwork and the custodial account will be established as described on the record.