Parties proposing to settle a judgment in favor of a minor shall submit a motion to this court. The motion shall (1) recite all the facts, (2) propose that a settlement will be entered by the minor through a next friend, and (3) be signed by all the parties and their counsel.

Unless otherwise ordered, this court shall order the judgment vacated and the case remanded to the circuit court with directions to entertain a petition on behalf of the guardian or next friend to settle the minor's claim. Also, this court will direct the circuit court to hear such evidence as the parties may adduce on the proposed settlement and proceed in accordance with §§ 507.182 - 507.188, RSMo 1986.

In the event the circuit court does not approve the settlement, the judgment herein set aside shall be reinstated as of the date of the original judgment. Further, the appeal shall be reinstated in this court without prejudice to the parties' rights. Thereupon, the case shall be considered in the same posture that it was at the time of remand.

Unless otherwise ordered, the same procedure will be followed as near as may be in settlements involving incompetents and personal representatives of deceased persons.

(Adopted eff. Jan. 1, 1995.)