30.150—What action will the judge take if the interested parties agree to settle matters among themselves?
(a)
A judge may approve a settlement agreement among interested parties resolving any issue in the probate proceeding if the judge finds that:
(b)
In considering the proposed settlement agreement, the judge may consider evidence of the respective values of specific items of property and all encumbrances.
(c)
If the judge approves the settlement agreement under paragraph (a) of this section, the judge will issue an order approving the settlement agreement and distributing the estate in accordance with the agreement.