Under Oklahoma law, settlements involving minors must be approved by a judge if the amount to the child exceeds $1,000.00. 12 O.S. § 83. A friendly suit is the authorized method to obtain court approval to terminate the rights of a minor child. Otherwise you are just throwing your money away because settlement without court approval isn’t worth the paper its written on.
Who’s a minor? Anyone under 18 years of age. Where’s the money required to go? A bank or savings and loan approved by the court which pays interest on the money. 12 O.S. § 83.
Are you ready to settle a claim involving a minor? Would you like us to conclude your settlement and tie up the “loose ends?” - Call us to wrap things up.