| The N.Y.S. Unified Court System, in its on-line Glossary | | | | the child some use of the money while preserving |
| of Legal Terms (see has the following definition: | | | | government benefits, may be in order. Sometimes the |
| Infant's compromise: a civil proceeding or motion for | | | | lawyer may call on a consultant to devise a |
| obtaining court approval of the settlement of an infant's | | | | "structured settlement." A structured settlement is |
| claim a civil proceeding or motion for obtaining court | | | | designed to invest the infant's money profitably, while |
| approval of the settlement of an infant's claim. | | | | ensuring that the money is paid out over time, and not |
| Legally, an "infant" is a person under age eighteen. In | | | | all available to the infant at age eighteen. Structured |
| New York State, an infant's case can not be settled | | | | settlements can span years, with payments made |
| without the approval of a judge, not even if the parent | | | | monthly or quarterly, and with larger payments timed |
| wants to accept the settlement. This situation typically | | | | to coincide with anticipated college tuition or the |
| arises when the infant has a claim or lawsuit for | | | | purchase of a home, or anything that the infant, |
| personal injury arising out of an accident. The reason is | | | | parents and attorney can anticipate. |
| simple: to protect the minor and keep the money safe | | | | Under certain rare, emergency circumstances an |
| until he or she is at least eighteen years old. | | | | infant's money can be withdrawn early - before the |
| New York State's Civil Practice Law and Rules | | | | eighteenth birthday. But this requires a judge to |
| provides at Sections 1206 and 1207 for the authority of | | | | approve the request, and judges are careful to ensure |
| the Court in these matters. A judge plays several | | | | that the money is not being used for the family's |
| roles. First, the settlement can be refused, if for some | | | | regular living expenses. |
| reason the judge feels that it is inadequate, in other | | | | Some terminology: |
| words, not enough money. Second, and as important, | | | | An infant or infant's "compromise order" is the paper |
| the judge can order where the funds are to be held or | | | | signed by a judge approving the settlement of the |
| invested for the infant. Usually, the attorney | | | | infant's claim, authorizing payment to the attorney, and |
| recommends a proposed course of action for the | | | | empowering the infant's parent to sign a release |
| investment. | | | | settling the claim. |
| The judge also approves the attorney's fee. If the | | | | An infant or infant's "compromise hearing" is the |
| judge feels that the attorney is seeking too large a fee | | | | courthouse meeting where the judge considers the |
| for too little work, then the lawyer's fee may be | | | | settlement. Present are the judge, attorney, parent and |
| reduced. | | | | infant. Typically, the judge makes sure that the terms |
| If the sum of money involved is not large, and the | | | | of the settlement are fair and understood by the |
| infant is not suffering from any kind of mental disability | | | | parent and, if he or she is old enough, by the child. Also, |
| that would prevent him or her from managing the | | | | that they know that the case or claim is being settled |
| money at age eighteen, the money is usually ordered | | | | and disposed of forever; there is no going back for |
| to be deposited into a bank account and held jointly | | | | more money, at any time. The judge may also ask the |
| with the bank, for the ultimate benefit of and use by | | | | infant some questions about his or her physical |
| the infant. Large settlement amounts or infants who | | | | condition, to try to see if any injuries have healed, or |
| may be receiving government benefits (such as | | | | look at any scars that the infant may have suffered, |
| Medicaid or SSI) present a special challenge. | | | | as part of the process of evaluating the fairness of |
| In those circumstances, special trusts, designed to give | | | | the proposed settlement. |