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2025 Estate Planning Institute - "The Trusts They Are A-Changing"

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“The Trusts They Are A-Changing: Top 10 Nonjudicial Settlement Agreements”
J.E. White, Jr., Esq.
Jackson Kelley, PLLC
 

Just as in life when circumstances change, trusts sometimes need to be changed.  Since West Virginia’s adoption of the Uniform Trust Code in 2011, the use of Nonjudicial Settlement Agreements to modify irrevocable trusts has exploded.  Although not a panacea, Nonjudicial Settlement Agreements are effective tools for the practitioner’s toolbox when a trust needs a fix.