Settlements involving in Minors’ can be quite complex. In the state of Florida, any kind of settlement made on behalf of a minor must follow the rule, procedures and protections set forth in statutes. Florida statute 744.387, states the parent/guardian of a minor child may settle a claim on behalf of a minor. This is only when the settlement’s gross amount is less than $15,000. If the settlement is more than $15,000 the parent/ guardian must receive approval of the settlement from the court. Overall, statute 744.387 is the guide for anything to do with minors’ and settlements.
