Probate Stars summarizes n In Re Trust Created By McGregor, in which the Nebraska Supreme Court held that spendthrift provisions of a trust established a material purpose of the trust, and held a nonjudicial settlement agreement invalid for violating the trust’s purpose.
See Probate Sources Summary by clicking Nebraska Supreme Court: Nonjudicial Settlement Agreement Violated Material Purpose Of Trust By Ignoring Spendthrift Provision | Probate Stars
See original opinion by clicking In re Trust Created by McGregor.
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.
