How does Georgia law handle structured settlements for minors?

How does Georgia law handle structured settlements for minors?

When a minor is the injured party or a wrongful death beneficiary, O.C.G.A. § 29-3-1 et seq. (Georgia’s Conservatorship statutes) require court approval of settlements exceeding a threshold amount and may require appointment of a conservator. Structured settlements funded by annuities are often the preferred structure for minor settlements because they provide guaranteed income when the child reaches adulthood. The settlement must be approved by the probate court with jurisdiction over the minor’s estate.