It never ceases to amaze me how much solid advice is shared on this specific forum. Must be an age related thing
. Here is the situation:
A dear friend of mine just asked me for his opinion and truth be told, I was not 100% sure how to respond (I told him "let me get back to you on that.."), so I'm seeking your opinion on the following matter: my friend's son was the victim of a vicious physical attack by a bully. Long story short, the case is going to trial and there is a very high chance that the defendant will try and settle out of court before it goes to trial to avoid going to jail. My friend has paid for all of his son's attorney fees (and everything else related to the upbringing of his son). His son is 20 years old, going to a local college (fully paid for by his father), living at home, not responsible for any living expenses, vehicle of his own (gift from his father), etc, etc.
Question is: the settlement amount: regardless if it's 4 or 6 figures....., who should get it? The parent or the child? The child definitely lacks the financial and emotional maturity to handle such an amount of money due to the upbringing he's had no fault of his own, but instead of his dad.
This incident has been a nightmare for the entire family. Lots of trauma yet to be ironed out.
What say you?