Free Model Order Approving Settlement and Distribution - Pennsylvania


File Size: 35.1 kB
Pages: 2
Date: March 27, 2003
File Format: PDF
State: Pennsylvania
Category: Court Forms - Local
Word Count: 549 Words, 3,998 Characters
Page Size: Letter (8 1/2" x 11")
URL

http://fjd.phila.gov/pdf/forms/orphans/wd-model_order_approving_settlement_and_distribution.pdf

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Forms

Civil Division

IN THE COURT OF COMMON PLEAS OF PHILADELPHIA COUNTY FIRST JUDICIAL DISTRICT CIVIL TRIAL DIVISION : : : : : ORDER AND NOW, this ______ day of __________________, 20____, upon consideration of the Petition to Compromise Wrongful Death and Survival Action filed on __________________, 20____, it is hereby ORDERED and DECREED that Petitioner is authorized to enter into a settlement with Defendant(s) __________________________________, in the gross sum of ______________________________________________________ ($______________________) Dollars. Defendant(s) shall forward all settlement drafts or checks to Petitioner's counsel for proper distribution. IT IS FURTHER ORDERED and DECREED that the settlement proceeds are allocated as follows: 1. 2. Wrongful Death Claim Survival Claim $ ____________________ $ ____________________ TERM, 20___

NO:

IT IS FURTHER ORDERED and DECREED that the settlement proceeds be distributed as follows: 1. To: _______________________________ , Esquire For Costs To: ________________________________, Esquire For Counsel Fees The Wrongful Death Claim in the sum of shall be paid as follows: a. To: Spouse; and/or b. Adult Child(ren);* and/or c. To: Minor Child(ren)+ as provided hereunder $ ____________________

2.

$ ____________________

3.

$ ____________________

$ ____________________ $ ____________________ $ ____________________

* In the event the beneficiary is an incapacitated person, appropriate changes are to be made.
+

In the event part of the settlement proceeds are payable through the purchase of an annuity, the terms of the annuity shall be set forth in the Order.

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Civil Division

Forms

OPTION 1 To: ________________________________, Guardian of the Estate of _________________________, a minor; provided, however, that no payment shall be made to the guardian until the guardian has posted additional security as may be required by the Orphans' Court Division of ________________ County pursuant to 20 Pa.C.S. 5121, et seq. An appropriate Petition shall be filed with the Orphans' Court within thirty (30) days. OPTION 2 Counsel is hereby authorized to execute all documentation necessary to purchase saving certificate(s), from federally insured banks or savings institutions having an office in Philadelphia County, in the sum of $______________, each not to exceed the insured amount, with the funds payable to the minor upon majority. The certificate shall be titled in the name of the minor and shall be restricted as follows: Not to be redeemed except for renewal in its entirety, not to be withdrawn, assigned, negotiated, or, otherwise alienated before the minor attains majority, except upon prior Order of Court. Counsel shall open a savings account in the sum of $________________ in the name of the minor. The savings account shall be restricted as follows: Not to be withdrawn before the minor attains majority, except for the payment of city, state, and federal income taxes on the interest earned by the savings certificate and savings account, or upon prior Order of Court. d. To: Parent(s) $ ____________________

4. The Survival Claim in the sum of $ ____________________ shall be paid to _______________________, Administrator/Executor of the Estate of __________________________, Deceased; provided, however, that counsel shall not distribute any funds to the said Administrator/Executor until additional security as may be required by the Register of Wills of ________________ County pursuant to 20 Pa.C.S. 3323(b)(3) is posted. Within sixty (60) days from the date of this final Order, counsel shall file with the office of Civil Administration an Affidavit from counsel certifying compliance with this Order. Counsel shall attach to the Affidavit a copy of the Certificate of Deposit and/or bank account containing the required restrictions.

BY THE COURT: ________________________________________ J. ORPHANS' COURT DIVISION

cc: Register of Wills of ____________________ County.

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