AnalysisUnder House Bill 1547, a minor’s parent or guardian may enter into a settlement agreement outside of a court proceeding with a person against whom the minor has a claim if a guardian ad litem, guardian, or conservator has not been appointed for the minor, and the total amount of the settlement proceeds is greater than $1,500 and less than or $25,000 after reduction from the total settlement amount of all medical expenses, medical liens, all other liens, and reasonable attorney fees and costs.
House Bill 1547 stipulates execution requirements for these settlement agreements. Settlement agreements must be signed and sworn to before a Notary Public.
Read House Bill 1547.