Nuances of Using Non-Judicial Settlement Agreements in Trust Administration
Uses and drawbacks of NJSAs in trust administration
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2 substantive credits, 0 ethics credits CLE Credit Note -
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Product Description
Product Description
A non-judicial settlement agreement (NJSA) is a binding agreement between the interested parties with respect to any matter involving a trust. NJSAs can be helpful in interpreting imprecise trust terms, modifying trust terms, appointing or removing a trustee, ascertaining how to distribute trust assets, or resolving disputes between beneficiaries and trustees. Although most trusts and estate attorneys are familiar with NJSAs by now, they are still relatively new in terms of frequency and nuances. The faculty guide you through these nuances, including a discussion of the pros and cons of NJSAs.
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Agenda
Agenda & Materials
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3:00pm - 3:05pm
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3:05pm - 3:20pm
Introduction to Non-Judicial Settlement Agreements in Trust Administration
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3:20pm - 3:40pm
Non-Judicial Settlement Agreements in Trust Administration: Section 111 of the MUTC, G.L. c. 203E
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3:40pm - 4:00pm
Strategic Use for Non-Judicial Settlement Agreements in Trust Administration
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4:00pm - 4:20pm
Trusts and Non-Judicial Settlement Agreements in Trust Administration
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4:20pm - 4:40pm
Additional Examples of Non-Judicial Settlement Agreements in Trust Administration
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4:40pm - 4:55pm
Non-Judicial Settlement Agreements in Trust Administration: Drafting Issues
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4:55pm - 5:00pm
"Ask the Experts" Q&A Session and Key Takeaways
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- Faculty