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Release by a Guardian for a Minor upon Settlement of a Damage Claim by the Minor in a Law Suit - Patient Consent

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Multi-State
Control #:
US-00517BG
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Word
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Description Injuries Accident Claim

The following form is an example of a release given by a guardian on behalf of a minor upon settlement of a law suit.
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Injuries Accident Person Other Form Names

Injuries Any Claim   Settlement Claims   Release Settlement Claim Form   Minor Injuries Claim   Injuries Person Claim   Damage Claim Agreement   Damage Claim Law  

Damage Claim Form FAQ

Under Florida statute 744.387, a parent or guardian can settle a claim on behalf of his or her minor child without court approval as long as the monetary amount of the settlement does not exceed $15,000.Specifically, the parent or guardian must file a Petition for Approval of Settlement.

What is a minor case? A claim where the value of the debt or damages you. are claiming does not exceed $10,000.

Structured settlements are financial arrangements that protect money that has been offered to a minor as compensation for personal injury and wrongful death cases. This money ensures regular, tax-free payments for a child's future.

Who Can Access a Child's Settlement Money? If a child's settlement award is less than $10,000, it can be received directly by the child's parents. Settlements are legal property of the minor, and they are often awarded under a set of particular provisions that determine how the money should be spent.

In a traditional personal injury settlement arrangement, when the child turns 18, they can go down to the bank with their ID and withdraw all of the money. In some cases this amount can be worth hundreds of thousands of dollars.

Under the law, a minor child cannot sign a contract or other legally binding agreement. But if your child has a claim for injuries caused by an accident, then you or the child's guardian of the estate, can sign a settlement agreement on behalf of the child.

When a child under the age of eighteen receives money or other property of value - such as an inheritance from an estate, proceeds from a life insurance policy, a settlement of a personal injury claim, or a wrongful death settlement - the probate court must approve the settlement of the minor's claim or right to

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Release by a Guardian for a Minor upon Settlement of a Damage Claim by the Minor in a Law Suit - Patient Consent