LB341

Establishes standards and procedures for settling claims involving minors in Nebraska.

The Nebraska Statutory Thresholds for Settlements Involving Minors Act sets forth standards and procedures for settling claims involving minors. A person with legal custody of a minor may enter into a settlement agreement if a conservator or guardian ad litem has not been appointed and the settlement amount is $35,000 or less. The settlement money must be paid into a trust account or annuity for the minor's benefit. The act also provides protections for those entering into the settlement agreement in good faith, ensuring they are not liable for claims arising from the settlement.