How many people on here are lawyers? No, OK, so stop pretending like you know the law. Just because people are minors does not mean that they have no rights, especially to money earned, inherited or given through settlement.
I do not know the law in your state, so this is not legal advice, but I think you read some misleading sources. For a little better understanding of Louisiana law, read this: http://www.melcherslawfirm.com/articles/When_Minor_Child_Inherit.pdf. It's about inheritance and trust accounts, but will give you a good idea where the law stands on this issue (at least in that state).
Sorry I couldn't be more specific to your state, but honestly unless it's Maryland I really can't give you any more detail than that anyway.