Entering into a settlement agreement on behalf of your child is called the compromise of a minor’s claim. Those who may participate in this process on behalf of the child include both parents if they each reside with the child; the child’s custodial parent or legal guardian; or a guardian ad litem whom the court appointed to determine the best interests of the child. This process involves submitting a petition to the court for approval of the settlement. The petition must include the following information: The child’s personal information, including name, date of birth, and gender. Relationship of the petitioner to the child. Description of the claim. Description of the incident that resulted in the child becoming injured. A detailed description of the injuries the child sustained, including copies of medical reports and other documents used to prove the claim. Acknowledgment by the petitioner that the settlement is final and binding, meaning that you will not go back to the at-fault party’s insurance carrier at a later time to seek additional compensation for the same injuries. A description of the settlement amount and all terms of the settlement. Disclosure of medical expenses that will be paid through the compensation. Disclosure of attorney’s costs that will be paid through the settlement. Disclosure of how the proceeds will be handled. Generally, proceeds obtained for a child injury claim must be placed in a protected account or trust until the child is 18. A statement that the settlement is fair, reasonable, and represents the child’s best interest. Signatures of the attorneys, parties, and petitioner. Where you file this petition depends on whether you filed a lawsuit before settling. You didn’t file a lawsuit, you must file your petition in the county where the minor resides. However, if you filed a lawsuit, you must file the petition at the same courthouse.