Article on Nonjudicial Settlement Agreements

Linda Kotis recently published an Article entitled, Nonjudicial Settlement Agreements: Your Irrevocable Trust Is Not Set in Stone, 31 Probate & Property 32 (2017). Provided below is an abstract of the Article:

A nonjudicial settlement agreement (NJSA) is a valuable tool for modifying trusts and addressing the construction of provisions when a trust is silent or unclear. It also can be used to resolve beneficiary and trustee disputes. Through an overview of the new Maryland law and a discussion of the ways in which NJSAs have been used and interpreted in other jurisdictions, this article will give the practitioner an understanding of the advantages and challenges presented by such agreements.