Michigan requires a judge to approve a child's settlement and a probate conservator above $5,000 a year
Michigan court rule 2.420, summarized in the Michigan Judicial Institute's civil benchbook, requires court approval and sets the $5,000 conservator line. MCL 700.5102 governs how smaller payments may be made, MCL 722.52 sets the age of majority, and MCL 600.5851 sets the deadline for minors.
See why and when a court approves a child's settlement, how conservators, trusts and structured settlements work, and what we found about attorney fees in a child's case.