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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.
The Petition for Compromise of Minors Claim (MC 350) must be fully completed and verified by the parent/guardian ad litem/conservator (signed and dated under penalty of perjury). PC 1021, CRC 7.103. The MC 350 is a required document that must be used.
A California court must approve all settlements done on behalf of a child under the age of 18. A parent or guardian ad litem can file an MC-350 form (or an MC-350EX form for expedited service) to petition the court to approve a compromise of a minors claim. There may be a filing fee.
5. Petition for expedited approval of compromise of claim or action or disposition of proceeds of judgment for minor or person with a disability.
Order to Deposit Funds Into Blocked Account (MC-355) States the courts decision (order) to deposit funds into a blocked account (a bank or other account requiring a court order to deposit or withdraw funds). Get form MC-355.
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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.
Settlements Under $5,000 This is because California law permits Judges to order the funds to be paid directly to custodial parents if the total settlement is $5,000.00 or less. If the total settlement for the minor exceeds $5,000.00, then a Minors Compromise and a subsequent hearing must commence.

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