David Fowler Johnson (Winstead PC): Court Upheld A Release In A Family Settlement Agreement That Protected A Former Trustee’s Estate From Claims (June 17, 2021)

David Fowler Johnson, of Winstead PC, has made available for download his article, “Court Upheld A Release In A Family Settlement Agreement That Protected A Former Trustee’s Estate From Claims,” published in JDSUPRA. The abstract is as follows:

In Austin Trust Co. v. Houren, beneficiaries of a trust executed a family settlement agreement with the trustee and the former trustee’s estate. No. 14-19-00387-CV, 2021 Tex. App. LEXIS 1955 (Tex. App.—Houston March 16, 2021, no pet. history). After the settlement agreement was executed, one of the parties sued the former trustee’s estate for over a $37 million debt (or due to over distributions). The estate then filed a motion for summary judgment based on the release in the settlement agreement, which the trial court granted. The court of appeals affirmed, finding that the release’s language was sufficiently broad to cover these claims:

Click here to view David Fowler Johnson’s summary of “Court Upheld A Release In A Family Settlement Agreement That Protected A Former Trustee’s Estate From Claims”

Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal

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