Unfortunately, there are personal injury cases in which minor children are involved. The involvement of minors in settlements brings about several concerns and complications that have to be addressed by the attorney and judge.
The purpose of a minor’s compromise is to ensure that the funds are used specifically for the minor’s benefit. Unless the minor or disabled person requires the funds for medical expenses, these funds would not be accessed until the minor turns 18 years old.
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After careful scrutiny, the Court will likely order that the funds be placed in an interest accruing bank account. This account will be blocked until the minor turns 18 and is able to access it him or herself. Of course, if the personal injury results in ongoing medical costs, the money will be channeled towards these needs.
These forms can be filed by either parent or the guardian at litem (representative appointed by the Court).
For an expedited petition, a special form titled MC 350EX will be required. This will expedite the settlement and bring a resolution for the claim. For expedited requested, the claim settlement must be up $50,000 or match the policy limits of all parties involved in the case.
In addition to the petition paperwork, the Court will require the following documents:
The services provided by Fund Capital America will help lessen the burden of parents and guardians by locating and completing all the necessary forms. Years of experience and specialized training have equipped them with the knowledge required to promote a smooth and speedy litigation process where minors are involved. Take care of your injured minor child and allow us to handle the legal paperwork by contacting Fund Capital America today.
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