So what should you expect when your child is involved in a car accident or other personal injury that requires compensation? Below is a brief overview of California’s laws and court requirements for settlements when minors or disabled individuals are involved. We’ll also look at the process of filing a petition for a minor’s compromise in California.
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 must be addressed by an attorney and judge. It also requires an agreement between the minor’s parent or guardian and the Court.
When minors or persons with disabilities are part of a personal injury case, the Probate Court has to be involved. This Court is a special division within the California judiciary system that is responsible for advocating for minors and incapacitated adults.
This Court requires a written legal agreement to be signed by the parent or guardian of the minor prior to the issuance of any settlement funds. This agreement is the minor’s compromise, which has to be petitioned for and approved by the Court.
The purpose of a minor’s compromise is to ensure the funds are used specifically for the minor’s benefit. Unless the minor or disabled person requires the funds for medical expenses, these funds can’t be accessed until the minor turns 18 years old.
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After a minor’s compromise in California is granted, the court determines where the money will go. Minors benefit from this protective measure that helps safeguard their money. To make this determination, the Court takes into account the following factors:
After careful scrutiny, the Court will likely order the funds to be placed in an interest-accruing bank account. This account will be blocked until the minor turns 18 and can access it themself. Of course, if the personal injury results in ongoing medical costs, the money will be channeled towards these needs.
Several forms need to be filed with the Probate Court for approval. Without the submission and review of these forms, the settlement funds will not be released. These forms are:
These forms can be filed by either the parent or the guardian at litem (representative appointed by the Court).
How Do I Obtain an Expedited Petition?
For an expedited petition, a special form titled MC 350EX is required. This expedites the settlement and resolves the claim. For expedited requests, the claim settlement must be up to $50,000 or match the policy limits of all parties involved in the case.
What Are the Filing Costs?
Filing costs for the petition for a minor’s compromise in California vary based on the county where the case is being handled.
Do I Have to Attend A Hearing For The Petition?
A separate hearing is held with the judge and the guardian ad litem, parent, or guardian of the minor. Though recommended, the appearance of a minor or disabled person is not required.
What Are the Required Documents?
In addition to the petition paperwork, the Court requires the following documents:
When Can I Avoid a Petition for a Minor’s Compromise in California?
If the net proceeds of the settlement are under $5,000, you don’t need a petition for a minor’s compromise. Judges in California typically allow the child’s parent or guardian to administer these funds independently.
Being a parent or guardian of a minor injured in a car accident can be dreadful and overwhelming. Along with worrying about the child’s health, the parent is also tasked with scores of paperwork just for the settlement payout alone. Fund Capital America understands this struggle and has legal professionals who assist with handling a petition for a minor’s compromise in California.
Fund Capital America helps lessen the burden on parents and guardians by locating and completing all the necessary forms. Our legal experts have years of experience, specialized training, and the knowledge required to promote a smooth and speedy litigation process when minors are involved. Take care of your injured minor child and allow us to handle the legal paperwork. Contact Fund Capital America today.
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