Upwards of 50,000 Indian beneficiaries in Oklahoma will see payments from the $3.4 billion Cobell trust fund settlement by the end of the year.

The Obama administration on Monday announced the settlement was final. But Julia Lookout, a member of the Osage Nation, won't believe it until she receives her $1,000 check.

"I'm still a little gun-shy when they say it's over, because they've said numerous times that it's over," Lookout told The Tulsa World. "With the judicial system, you never know whether someone will find a loophole. However, this time, I'm a little less hesitant."

The $1,000 represents a portion of the settlement that resolves historical accounting. A second round of payments, for trust administration, will come at a later date.

The trust administration payment will be $800 but some beneficiaries will receive more, based on the level of activity in their trust fund account.

Get the Story:
Oklahoma Indians ready to receive settlement checks in class-action suit (The Tulsa World 11/28)

Related Stories:
Checks for $3.4B Cobell settlement expected in mid-December (11/28)
About 350K to share in first round of Cobell settlement payout (11/27)
Obama announces final approval for Cobell settlement payout (11/26)
About 30K in Arizona expected to benefit from Cobell payouts (11/14)
Geoffrey Rempel: The truth behind the withdrawn Cobell appeal (11/12)
Ask Elouise: Appeals of $3.4B Cobell trust settlement dismissed (11/8)
Cobell settlement cleared after Supreme Court dismisses appeal (11/8)
Mary Aurelia Johns explains reasons for dropping Cobell appeal (11/08)
Supreme Court refuses to take Kimberly Craven's Cobell appeal (10/29)
Secretary Salazar anticipates Cobell payments by end of year (10/23)
Beneficiaries want Supreme Court to review Cobell settlement (09/24)
Obama nominates Vince Logan, Osage, as new Special Trustee (09/24)
S.E. Ruckman: Indian Country wants to see Cobell payouts (09/18)
ICT refused to run Keith Harper's response on Cobell stories (09/18)
Keith Harper: Just a few truths about Obama, Cobell and me (9/12)
Ask Elouise: Lead counsel Dennis Gingold on status of payout (09/11)
Native Sun News: Cobell settlement on hold with more appeals (08/31)
Reply for Kimberly Craven's Cobell appeal due September 21 (08/24)
Kimberly Craven appeal delays $3.4B Cobell settlement again (08/23)
Cobell critic asks Supreme Court to review $3.4B settlement (08/20)