Indiana requires court approval of a parent's compromise, with $10,000 as the payment line
Indiana lets parents compromise a minor's disputed claim only with court approval under IC 29-3-9-7, and lets the court direct payment of $10,000 or less to a custodial parent under 29-3-3-1. A minor is defined in 29-3-1-10, and the tolling rule is in 34-11-6-1.
See why a court approves a child's settlement, how guardianships, trusts and structured settlements work, and what we found about attorney fees in a child's case.