(1) The District Judge shall make a written report of the settlement, showing each item of debit and credit, and the general result, and return it, with all evidence heard and vouchers filed, to the Circuit Clerk. The clerk shall note it of record, and indorse on it the time of filing, and set a date for a hearing on the report.
(2) A hearing on a settlement filed in conformity with an approved proposed settlement made under KRS 395.617 shall not be necessary.