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Checklist Settlement Approval W Minors Oregon Form

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Checklist Settlement Approval W Minors Oregon Form

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This is Mitchell Panter with the law firm of Panter, Panter, and Sampedro. I want to talk a little bit about a minor settlement; that is when you have a case involving a minor child someone under the age of 18 years old and you resolve a case. The courts are very cognizant of the fact that the child might not have the financial know-how or the ability to handle money. So whether it's a large settlement or a small settlement, the courts are very concerned with making sure that the money is set aside for and basically made for the benefit of the child and so there are certain rules and regulations which apply. I want to just talk a moment about the flow chart and this flow chart basically says any global settlement over 50,000 dollars global settlement - over 50,000 dollars - benefiting a minor is subject to court approval, regardless of the amount, a portion to the minor. So the first consideration that you have to find

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