This presentation addresses trustees and beneficiaries entering into release agreements. It will address fiduciary duties, commentators views on release agreements, authority in Texas for allowing releases between trustees and beneficiaries, the full knowledge requirement for enforceable releases, self-dealing transactions and impact of the presumption of unfairness, appropriate parties to release agreements, drafting tips and suggestions, authority for judicial releases, what a judicial release covers, necessary parties for a judicial release, parties who are bound by such a release, and other related issues.

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