Settlement Order - Wrongful Death Action in Which the Proceeds Distributable to Minor or Disabled Person Are Less Than $10,000 - Cook County, Illinois

Settlement Order - Disabled Person Are Less Than $10,000 is a legal document that was released by the Circuit Court - Cook County, Illinois - a government authority operating within Illinois. The form may be used strictly within Cook County.

FAQ

Q: What is a Settlement Order?A: A Settlement Order is a legal document that resolves a wrongful death action.

Q: What is a Wrongful Death Action?A: A Wrongful Death Action is a legal claim filed by the surviving family members or representatives of a person who died as a result of someone else's negligence or intentional actions.

Q: What happens when the proceeds distributable to a minor or disabled person are less than $10,000 in Cook County, Illinois?A: In such cases, a Settlement Order is required to distribute the proceeds.

Q: Who is considered a minor or disabled person?A: A minor is a person who is under the age of 18, and a disabled person is someone who is mentally or physically impaired and unable to handle their own financial affairs.

Q: Why is a Settlement Order necessary in this situation?A: A Settlement Order is necessary to ensure that the proceeds from the wrongful death action are distributed properly and in the best interests of the minor or disabled person.

Q: What does it mean for the proceeds to be distributable to a minor or disabled person?A: It means that the money awarded as a result of the wrongful death action is intended for the benefit of a minor or disabled person.

Q: What is the threshold amount for requiring a Settlement Order in Cook County, Illinois?A: The threshold amount is $10,000. If the proceeds distributable to a minor or disabled person are less than $10,000, a Settlement Order is necessary.

Q: Who approves the Settlement Order?A: The settlement must be approved by the court before it becomes legally binding.

Q: What happens after the Settlement Order is approved?A: Once the Settlement Order is approved, the proceeds will be distributed according to the terms of the order.

Q: Can the terms of the Settlement Order be modified?A: In some cases, the terms of the Settlement Order can be modified if there is a significant change in circumstances affecting the minor or disabled person's best interests.