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A minor's compromised claim is a procedure to allow an adult to sign on behalf of a child, so the child may receive funds awarded in a legal action.
In Missouri, a person under 18 years of age is considered a minor. (RSMo 507.115). If a minor has an injury claim to assert, the statute of limitations on the claim does not begin to run until the minor turns 21 years old (RSMo 516.105). In most cases, Missouri law provides 5 years to file a personal injury claim.
In Missouri, the statute of limitations for filing a personal injury claim is 5 years (Missouri Code section 516.120). This means that claims must be filed within 5 years of discovering the injury.
The main takeaway is that if a minor's claim totals less than thirty-five thousand dollars ($35,000.00), their legal custodian may execute an affidavit and complete the settlement process on the minor's behalf without having to seek court approval of the settlement.
Most notably, this statute allows for a minor's claim under the threshold of $35,000.00 to be settled by the minor's custodian, or parent, without court approval.
Under state laws, minors include all unemancipated children under the age of 18. The courts can demand parents of a minor under age 18 to pay up to $2,000 in damages. If the total damage exceeds that amount, a plaintiff can then name a minor in a liability suit and ask for further compensation.
In Missouri, a Waiver of Liability can be found invalid if it: Excuses conduct that is grossly negligent or against the public interest. Excuses negligent conduct, unless specific instances are clearly spelled out.