Rule 2039 - Compromise, Settlement, Discontinuance And Distribution(a)(1) Petitions for approval of settlement or compromise in matters in which a minor has an interest shall be filed in the Orphans' Court Division where the minor resides if no suit has been previously filed in the Prothonotary's Office under the docket number of a previously filed suit.(2) The petition shall set forth: (a) the factual background of the claim;(b) the identification of the parties including the age of the minor and the addresses of the biological parents of the minor;(c) counsel's analysis of the liability and damages issues relevant to the determination of the reasonableness of the proposed settlement;(d) counsel's certification that the settlement is reasonable and in the best interest of the minor;(e) the types and amounts of insurance coverage applicable to the claim and representation as to the efforts made to identify other collateral sources;(f) whether there are any unpaid Medicare or Department of Public Welfare liens, claims or debts. Where such claims or debts have been waived, the Petitioner shall attach as an exhibit written proof of waiver of such lien, claim or debt;(g) a request for authorization of parent or natural guardian to sign the proposed release;(h) a description of the type of account into which the settlement proceeds will be deposited;(i) a statement of the proposed distribution of the settlement funds which includes the proposed percentage of counsel fees and an itemization of costs.(3) The petition shall contain the following exhibits:(a) copies of medical reports or records evidencing the diagnosis and prognosis of the minor's injuries;(b) investigative or police accident reports which provide background information regarding the incident which caused the minor's injuries;(c) the counsel fee agreement with the parents or natural guardians of the minor executed by any attorney seeking recovery of counsel fees;(4) Any amendments or supplements to the petition required by the court shall be filed of record.(5) The court may approve a petition without a hearing. If the court schedules a hearing, the court may require evidence which the court deems necessary to determine whether the proposed settlement adequately protects the minors interests, including the testimony of the guardian, the treating physician, or the representative of the financial institution responsible for the investment of settlement funds.(6) The court may require a hearing on the issue of counsel fees if the court believes the fees may be excessive.(7) Except as otherwise required by the court, the appearance of the minor shall not be required.(8) The petitioner shall attach a proposed order which sets forth:(a) the court's authorization for the petitioner to enter into a settlement and release on behalf of the minor;(b) reference to the total amount of the settlement;(c) a complete statement of the distribution of the settlement amount as set forth in the petition;(d) identification of the type of account to be utilized, which account shall comply with PA.R.C.P. 2039, including a provision that no withdrawal shall be made from any such account except by a prior order of court or until the minor attains majority;(e) a provision that counsel shall provide the court with an affidavit of deposit of minor's funds within ten days from the date of the order.(9) In appropriate cases, the court will authorize the parent or natural guardian to deposit cash to be paid for the benefit of the minor into an interest bearing, restricted account, insured by the Federal government.Adopted 1/10/2005, Effective 3/1/2005.