What is a notice of settlement?

• A. A notice asking for more time to settle.
• B. A notice that the parties have settled the petition; the clerk updates the docket and may prepare a proposed order for approval.
• C. A notice that the court has denied the petition.
• D. A notice that the estate has been closed.

Answer: (B)

A notice of settlement is filed when the parties in a probate petition have reached an agreement. It tells the court that the petition is settled and prompts the clerk to update the docket to reflect the settlement and, if appropriate, to prepare a proposed order for the judge to approve. This moves the case toward an order of settlement that may dismiss or resolve the petition according to the terms agreed. It is not a request for more time, nor a denial, and it does not by itself indicate that the estate is closed.