Posted inArchived News

Staggered payments for Cherokee Minorsโ€™ Fund

fr minorsfundWhen teen members of the Eastern Band of Cherokee Indians come of age, they find themselves in sudden possession of a six-figure bank account. But the overnight windfall comes with risk, many tribal leaders believe, and Tribal Council took a monumental vote to change the way money is paid out to their young people — in installments rather than as a one-time payment. 

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