Petition for Approval of a Minors Compromise (or Settlement) and Order Approving Minors Compromise - at a price less than what it costs to type them

These forms are essential for the most common type of minors settlement, which is a structured settlement funded by an annuity.

The insurance industry is using forms which will destroy the tax benefits expected by clients! For example, the structured settlement agreements used by State Farm say that receipt of the consideration for the settlement has been received. If your client signs that form, the IRS can take the position that there has been constructive receipt of the periodic payments -- making the gain on the settlement fully taxable instead of exempt as it should be! This is only one of problems with insurance industry forms.

Because structured settlements have to comply with the Internal Revenue Code, the attorney for the minor has to be familiar with tax issues, insurance industry tricks, annuities, and a lot of other things that tort lawyers do not pay much attention to. These documents, however, are easy to use, thorough, and concise.

They are in generic Word and WordPerfect formats. Everyone with a computer can use them. If you can copy and paste, you will be off and running immediately, as long as you have a basic understanding of structured settlements (which you can review at Structured Settlements In Dog Bite Cases).

The Petition and Order come with a Minors Compromise Worksheet that identifies terms and simplifies putting together the Petition and Order.

Using these forms is simple and will enable you to generate completed documents in minutes. Just type your case data into the Worksheet, and then use copy and paste to make accurate global replacements in the form document. Do it only once, because the Petition and Order are in the same file!

WordPerfect offices have the option of using the WordPerfect merge version. This gives you automation - it works like HotDocs but does not require you to purchase an additional program. We also have included step-by-step instructions for those who would like to learn the powerful WordPerfect merge function.

No matter whether you merge or use copy and paste, the Petition and Order will save you time and eliminate anxiety, because they are tried-and-true documents that cover all the bases.

Note: This set of forms is not recommended in any jurisdiction that has its own forms, such as California, Georgia and Illinois. Also, some states require setting up a guardianship, opening a probate, or filing a friendly suit, so you must use these Dog Bite Law forms in addition to those other procedures.