Money Question

PTH2009

If a mistake is made at birth and the parents successfully sue the HSC and get something like 9 million euros. Do the parents get to spend that on themselves ie cars, homes, holidays or does it all go to the child affected.

corner of hells

PTH2009 wrote: »

If a mistake is made at birth and the parents successfully sue the HSC and get something like 9 million euros. Do the parents get to spend that on themselves ie cars, homes, holidays or does it all go to the child affected.

What would you think , honestly ?

whiskeyman

With the lotto adding a number and slashing the odds, some people are investigating new avenues it seems...

Samaris

It depends on the place, but afaik, from my relatively little experience with the whole thing, the money does actually have an eye kept on it in terms of how it's spent.

PTH2009

Samaris wrote: »

It depends on the place, but afaik, from my relatively little experience with the whole thing, the money does actually have an eye kept on it in terms of how it's spent.

most kids who are left money could get it when there 18

FloatingVoter

It would go into a trust to benefit the child long after the parents are deceased. THe snap happy media would be only to happy to document any high-rolling misbehaviour. Although nobody would begrudge any parents a well earned holiday after the sometimes decades long legal battle involved in reaching a settlement.

It's lodged in court and paid out when the child turns 18. The only drawings that can be made are those authorised by the court. It is the child who sues, the parents are only named as the next friend...

https://en.m.wikipedia.org/wiki/Next_friend

If a child needs ongoing care then applications are made to the court to have installments paid. The money isn't just handed over for a feckless parent to spend on heroin and gambling, it's curated for the kid in question.

Silverfish

PTH2009 wrote: »

If a mistake is made at birth and the parents successfully sue the HSC and get something like 9 million euros. Do the parents get to spend that on themselves ie cars, homes, holidays or does it all go to the child affected.

Its usually used against hospital bills, huge legal fees, then providing some quality of life for the affected for the remainder of their life. It doesn't go very far, its by no means free money.
If the parents have had to provide full time round the clock care, they're going to have a lot of debts to pay off.

mickdw

Parents in those cases deserve every penny.
They are left with a disabled child needing care for the rest of the child's life. How do you even prepare for that considering the child will likely outlive the parents

Annasopra

PTH2009 wrote: »

If a mistake is made at birth and the parents successfully sue the HSC and get something like 9 million euros. Do the parents get to spend that on themselves ie cars, homes, holidays or does it all go to the child affected.

The kid benefit from the home and car anyway!