So my daughter received a settlement in the PGE lawsuit for the fires in Norcal. Its not a TON but it's enough to try to be smart about it. Mid 5 figures. If it was my choice i'd just invest it in VOO and call it good. Thats not an option though.

Seems my choices are

Blocked Bank Account

Any account that is blocked, inaccessible by the Petitioner and Minor, and does not offer the option for an early cash out would work. Must be FDIC/NCUA insured. It can be put into a trust as long as it is inaccessible to the guardian, parent or minor until they are 18, unless there is a court order approved for access.

or

Structured Settlement

Any account that is blocked, inaccessible by the Petitioner and Minor, and does not offer the option for an early cash out would work. Must be insured, example Met Life Insurance. It can be put into a trust as long as it is inaccessible to the guardian, parent or minor until they are 18, unless there is a court order approved for access.

THey've provided a structered settlement company, Ringler Associates, that seems to be around 4% but based on current rates. Not sure if i should just take that or if there's something i can do better/different. Help!?!?