Casey - Please educate yourself before posting snarky replies. The neighbor's insurance company paid the medical expenses and offered a cash settlement for potential, unforseeable medical expenses should they occur before my son turned 18. Since he was a minor, and the medical expenses and settlement exceeded $10,000, the State of Oklahoma required that the settlement be handled through the court system to protect the child's interest and protect any cash settlement from greedy parents. This gets into the court system through what is called a "friendly" lawsuit. The insurance company files suit against itself and a judge rules on the settlement. The proceeds are then, by law, put into either a guaranteed trust or annuity until the child turns 18. In my case, as a parent, I was allowed to set the length of the term and set it to mature when he turned 25.