(1)  The compromise or settlement of any proceeding does not bind a person under disability unless it is approved by order of the Court.

(2)  Before making an order referred to in subrule (1) , the Court is to consider any legal opinion filed on behalf of the person under disability relating to the adequacy or desirability of the proposed compromise or settlement.

(3)  If the Court makes an order referred to in subrule (1) , it may also make any or all of the following ancillary orders:

(a) an order as to the investment of any settlement money on behalf of the person under disability;

(b) an order as to payment of the capital and income to its full extent for the maintenance, education, benefit or advancement for and on behalf of the person under disability;

(c) an order as to the payment of the costs of the litigation guardian or any other party.