Florida draws the line at $15,000 and $50,000
Florida handles minor settlements under Fla. Stat. 744.301, which lets parents settle and receive up to $15,000, 744.387, which requires a guardianship when the net exceeds $15,000 and court approval once suit is filed, and 744.3025, which governs the guardian ad litem.
See why a judge approves a child's settlement, how the $15,000 and $50,000 lines work, and how the Bar's fee schedule applies to a child's case.