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In Austin Trust Co. v. Houren, beneficiaries of a trust executed a family settlement agreement with the former trustee’s estate. No. 21-0355, 2023 Tex. LEXIS 285. After the settlement agreement was executed, parties sued former trustee’s estate for over a $37 million alleged debt.
A judge denied a motion to alter his decision that decided a Wyoming investment firm had the right to purchase a mobile home park in Pocasset.
A settlement agreement can be beneficial to all parties – it may help reduce litigation costs, facilitate dispute resolution, or guide the parties to a common understanding. However,...