Staff Analysis of the Legislation
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HB 1108 amends Article 1 of Chapter 3 of Title 29 of the OCGA to require the total value of a minor’s personal property be $25,000 or less instead of $15,000 or less for the natural guardian of a minor to become his/her legally qualified conservator. If a proposed gross settlement of a minor’s claim is $25,000 or less, the natural guardian may compromise the claim without any court approval. Proposed gross settlements above $25,000 must be submitted for approval to the court of the pending action. Probate court approval is not required unless the net settlement of a minor’s claim is also more than $25,000. The court of the pending action has the discretion to hold a hearing on compliance with this Code section’s requirements. |