Washington Nonjudicial Settlement Agreement

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First, the parties may meet voluntarily to discuss their differences. If they reach an agreement, they will be able to draft and conclude the agreement in court. Parties to a TEDRA petition can easily obtain a voluntary and out-of-court solution to trust and estate issues by entering into an agreement signed by all parties. A TEDRA agreement is a legally binding contract governing disputes between interested parties. The agreement may remain confidential, both to the public and to the beneficiaries. Normally, a final court decision in Washington would be quicker and easier to implement than a written agreement on the resolution of trust and estate disputes. However, the filing of the TEDRA Agreement makes the Agreement available to the public, which the parties may not want. . . .