There are several ways to protect your settlement money and see that the funds are used wisely. Speaking to a financial advisor or lawyer can help you decide the best way to protect your settlement.
Some protections to consider include:
Creating an estate plan
Updating your will
Creating a trust
Keeping funds in a separate bank account
Protection always begins with education. Be sure to research what opportunities are available. Speak to your family members and anyone affected by the settlement to help you form financial goals.
Once you have a general idea, consult with a lawyer to help you create a strategy for your settlement check.