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(d) A parent having the right to compromise the disputed claim of the minor under this section may execute a full release and satisfaction, or execute a covenant not to sue on or a covenant not to enforce judgment on the disputed claim, after the money or other property to be paid or delivered has been paid or
Petition for Approval of Compromise of Claim or Action or Disposition of Proceeds of Judgment for Minor or Person With A Disability (MC-350)
Probate Code 3500 provides that when a minor has a disputed claim for damages, money or other property and does not have a guardian of the estate, the following persons have the right to compromise the claim: Either parent if the parents of the minor are not living separate and apart.
Learning about California Probate Code While the term probate typically refers to the process of transferring property and assets from a deceased individual to his or her beneficiaries or heirs, the laws in California known as probate code actually regulate all aspects of estate planning and distribution.
A petition for approval of compromise of claim of minor or adult person with a disability is filed when parties have agreed to settle a claim of a minor or adult person with a disability. The law doesnt allow a minor or person with a disability to settle their own claim without an adult guardian.

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NOTICE: CRC 7.950. 5(a)(8) provides the rules for filing Expedited Petitions for claims for $50,000 or less or for claims where the total amount payable represents the individual policy limits of all liability insurance policies covering all proposed contributing parties.

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