The Michigan Statement By Attorney To Restrict Monies is a form used by attorneys in Michigan to place a restriction on funds received in a settlement or judgment. The Statement allows attorneys to place a lien on the funds so that they can be used only for certain purposes specified by the attorney. The three types of Michigan Statement By Attorney To Restrict Monies are: 1) Escrow/Trust Agreement; 2) Special Needs Trust; and 3) Structured Settlement. The Escrow/Trust Agreement is used to hold funds in a secure account until certain conditions are met, such as the completion of medical treatment. The Special Needs Trust is used to provide for an injured individual’s long-term care needs. The Structured Settlement is used to provide a steady stream of income to the injured individual over a period of time. All three statements must be signed by the attorney and the injured party in order to be legally binding.