What Is a Nonjudicial Settlement Agreement in Relation to the ITC?

Web Admin - Thursday, November 07, 2019
Riverwoods estate planning lawyer trustsA trust can provide a person with the ability to protect and manage their assets and distribute them to beneficiaries either before or after their death. When a person creates a trust, they will name a trustee who will be responsible for controlling and managing the property or assets held in the trust. These appointed agents are legally required by the Illinois Trust Code (ITC) to fulfill the duties authorized to them, such as distributing possessions or managing an estate. If disputes arise between a trust’s beneficiaries, a trustee, or any other interested persons, the parties may enter into a nonjudicial settlement agreement to modify the terms of the trust. Before any actions or alterations are enacted, it is important to speak to an experienced trust attorney.  

What Can Be Resolved By a Nonjudicial Settlement Agreement 

Under the ITC, a nonjudicial settlement agreement can address the following subjects:
- The lawfulness and clarification of the terms attached to a trust.
- Approval of a designated agent’s actions.
- The powers which can or cannot be exercised by a trustee, as long as they do not conflict with the purpose of the trust.
- Concerns relating to property held by the trust if the settlement does not conflict with the purpose of the trust.
- The act of removing or appointing a trustee, advisor, or any other delegated representative of financial or nonfinancial powers. This may also include choosing a new successor trustee. 
- The financial compensation that can be provided to a trustee.
- The transfer of a trust’s principal place of administration.
- Accountability of a designated agent for his or her actions relating to the trust.
- The actions taken to resolve disputes related to the administration of the trust, the distribution of assets, or other relevant issues.
- A modification of the terms that relate to the administration of the trust. 
- If a trust is severed into two or more trusts, determination of whether the aggregate interests of each beneficiary are equivalent to their interests before severance.
- The termination of a trust, which can only occur if a court finds that the continuance of the trust is not necessary to achieve the trust’s purpose.

Contact a Long Grove Trusts Attorney

Before the ITC is enacted on January 1st, 2020, it is critical for trust settlors, trustees, and beneficiaries to discuss any possible changes that may need to take place. In order to make sure that your rights are protected, you should work with an experienced attorney who understands the laws regarding trusts in Illinois. At Drost, Gilbert, Andrew & Apicella, our Kenilworth estate planning lawyers can provide clarification in your specific situation. To schedule a free consultation, contact our office today at 847-934-6000.  

About the Author: Attorney Jay Andrew is a founding partner of Drost, Gilbert, Andrew & Apicella, LLC. He is a graduate of the University of Dayton School of Law and has been practicing in estate planning, probate, trust administration, real estate law, residential/ commercial leasing, contracts, and civil litigation. Since 2005, Jay has been a Chair of the Mock Trial Committee for the Annual Northwest Suburban Bar Association High School Mock Trial Invitation which serves over 240 local Illinois students each year.



Recent Posts


cell phone Rolling Meadows employment attorney problem employees Arlington Heights pedestrian accidents liability Crystal Lake pet attorney right to work Crystal Lake traffic lawyer traffic crimes Palatine personal injury lawyer Illinois insurance attorney Schaumburg criminal attorney uninsured motorist pet law products liability foreclosed rental property Schaumburg elder law lawyer Crystal Lake medical malpractice lawyer auto accidents Palatine insurance lawyer probate lawyer Illinois employee rights attorney. employment law spinal cord injury Illinois traffic laws personal injury claims vacation home Arlington Heights insurance attorney Deer Park real estate law firm revenge porn expungement commercial leases Schaumburg probate attorney vacation home fines Rolling Meadows probate lawyer tax attorney IRELA pedestrian accident Illinois trucking safety liability claims Des Plaines DUI attorney Arlington Heights trucking lawyer Thanksgiving Rolling Meadows traffic law firm liens Crystal Lake medical malpractice attorneys accidental death benefits Deer Park traffic lawyer Barrington medical malpractice lawyers civil rights violation Inverness corporate attorney Schaumburg car accident attorney wills and trusts living trust vs will coronavirus Schaumburg personal injury lawyers commercial leasing DMV Rolling Meadows employment law attorneys severance agreements Illinois corporate lawyer Illinois registered agent Barrington injury attorney Forcible Entry Chicago insurance law firm Arlington Heights medical malpractice lawyer institutional trustee medication errors Illinois insurance dispute lawyers life insurance Schaumburg estate attorney real estate Rolling Meadows Schaumburg wrongful death attorney Des Plaines accident attorney employees Des Plaines drug lawyer Palatine drug lawyer Rolling Meadows real estate attorney traffic violations defense medical malpractice, missed diagnosis, delayed diagnosis, medical mistake, Deer Creek medical malpractice lawyers speeding digital media accounts, estate planning, Arlington Heights estate planning attorney, Inverness DUI lawyer Attorney Ken Apicella Long Grove real estate lawyer Chicago traffic lawyer Home Remodeling Repair Act Long Grove real estate attorney pain and suffering irrevocable trust LLCs Illinois workplace discrimination attorney Illinois motorcycle accident lawyer living trust Illinois driving without license Illinois medical malpractice attorney real estate attorney Deer Park criminal attorney crossover accidents murder charges Palatine traffic accidents Schaumburg real estate lawyer trucking accidents Palatine estate planning lawyer Arlington Heights estate planning attorney POA DGAA Chicago trucking accident attorney DUI Long Grove estate planning attorney federal regulations for LLCs Illinois boating accident lawyer fiduciary rule Illinois LLC creation denied insurance claim clemency Arlington Heights injury attorney traffic accidents Des Plaines criminal attorney Barrington estate planning lawyer Inverness insurance attorney estate planning bad faith insurance claims consent to a search business litigation rollover car crashes School Visitation Rights Act Barrington personal injury lawyer estate planning, death tax, succession plans, business estate plans, Barrington estate planning lawyers traffic deaths hiring employees real estate zoning Des Plaines civil attorney Colin H. Gilbert holiday statistics traumatic brain injury real estate lawyer Schaumburg construction accident lawyer hit and run accident Illinois employment attorneys Rolling Meadows estate planning attorney IRA benefits BUI Rolling Meadows criminal attorney child safety whistleblower protections Illinois traffic ticket lawyer Rolling Meadows employment law attorney Illinois defective products attorney real estate closing life insurance lawyer Illinois job attorney Illinois tax attorney Arlington Heights wills and trusts attorney real estate contract Crystal Lake pedestrian accident lawyer Rolling Meadows litigation lawyer caregiver Des Plaines collections attorney Illinois red light cameras employee misclassification filing a medical malpractice claim Illinois Smoke Detector Act Crystal Lake employment law attorney estate planning attorney Schaumburg estate planning lawyer privacy laws Inverness personal injury attorney ken apicella operating agreements Schaumburg injury lawyer Illinois business lawyer surgical mistakes Deer Park motorcycle accident lawyer Illinois workplace lawyer deadly crashes Inverness traffic law firm pedestrian injuries, pedestrian fatality Des Plaines motorcycle accident attorney bicycle dooring accidents medical malpractice compensation murder icy parking lots corporate law Crystal Lake medical malpractice law firm South Barrington real estate lawyer landlord tenant law new real estate form Palatine employment law lawyer Illinois medical malpractice claim comparative negligence Long Grove estate planning attorneys guardianship attorney Deer Park medical malpractice attorney mortgage IRS Illinois estate planning attorney Palatine business attorney natural gas explosion pet bites estate planning, digital assets, Revised Uniform Fiduciary Access to Digital Assets Act, Illinois digital assets, Illinois estate planning, Des Plaines injury law firm GM ignition switches Inverness probate lawyer unpaid assessment rest breaks car collision insurance claim delay Des Plaines real estate attorney Crystal Lake law firm license Arlington Heights employment attorney Barrington Illinois estate planning lawyer Long Grove wills and trusts attorneys personal injury law firm workers comp head on collisions Palatine workers compensation lawyer medical malpractice claims Barrington criminal defense lawyer Illinois employment law firm low-ball insurance settlement Super Mario health insurance dispute Deer Park traffic accident attorney dram shop law Des Plaines license suspension Illinois criminal defense attorney premises liability car crash injuries Fourth of July sexual images employee discrimination Palatine corporate attorney Palatine construction attorney Landlord Tenant Ordinance anesthesia errors small business Barrington civil litigation attorney hands free device Crystal Lake insurance lawyer Rolling Meadows tax attorney taxes Rolling Meadows medical malpractice lawyers CAM wrongful death drug crimes lawyer overtime pay Illinois Buffalo Grove personal injury attorney capital gains tax automated cars texting and driving Arlington Heights personal injury attorney elder law disability benefits spinal cord injuries medical malpractice Illinois traffic attorney pay when paid contract in terrorem provision employment law, Illinois employment laws Rolling Meadows drug defense attorney Exclusions wrongful termination Crystal Lake personal injury attorney employment contract, employment law, employment at-will, Deer Park employment law attorneys, contract, Chicago employment attorney boating DUI insurance claim dispute attorney Illinois injury lawyer no contest clauses workers compensation Illinois bicycle safety involuntary manslaughter pregnant women Illinois elder law attorney Crystal Lake bike accident lawyer Food and Drug Administration's Food Safety Modernization Act Buffalo Grove insurance claim dispute lawyers Des Plaines personal injury lawyer digital assets living trust benefits Illinois traffic accident lawyer traffic offenses investment property Chicago lawyer Barrington Traffic Lawyer car accident Illinois small business rumble strips Buffalo Grove traffic lawyers employment lawyer job lawyers drug possession Des Plaines personal injury attorney texting while driving Rolling Meadows car accident lawyers jet ski accidents Palatine civil litigation lawyer Federal Food Drug and Cosmetic Act Illinois personal injury lawyers senior citizens digital assets, digital fiduciary, estate planning, digital content, Long Grove estate planning lawyers Illinois wrongful termination lawyer medical marijuana probate fees digital information Rolling Meadows traffic attorney Illinois jet ski accident lawyer Illinois personal injury attorney Crystal Lake business law attorneys Illinois collections attorney estate planning for college students Retaliatory Discharge subcontractor Illinois wills and trusts attorneys trench injuries Illinois DUI attorney Deer Park DUI lawyer insurance dispute Arlington Heights real estate lawyer Illinois employment law Buffalo Grove probate lawyer Deer Park workers compensation lawyer Illinois business law atorneys Class A misdemeanor boating accidents changes to mortgage law estate attorney personal injury attorney Crystal Lake employment lawyer Rolling Meadows insurance dispute lawyers wills Affordable Care Act insurance denial appeals gift tax exemption, estate planning, estate planning strategies, Illinois estate planning, South Barrington estate planning attorneys agent Riverwoods estate planning lawyer employment contract Rolling Meadows insurance attorney field sobriety test Crystal Lake traffic attorney Palatine trusts lawyer DUI attorney Inverness accident lawyer Illinois lawyer wage theft back injuries compensatory time estate planning trusts insurance claims Rolling Meadows personal injury lawyers Illinois traffic attorneys drug crime life insurance policy personal injury, auto accident injuries, delayed injuries, serious injuries, Des Plaines personal injury attorneys Buffalo Grove personal injury lawyer Illinois attorney Rolling Meadows Attorney Schaumburg insurance lawyers Barrington personal injury attorney Illinois Wage Payment and Collection Act construction accidents, personal injury, wrongful death, Arlington Heights personal injury attorneys, workers' compensation Des Plaines real estate lawyer Self-Directed IRA Accounts traffic violations Crystal Lake personal injury lawyer Crystal Lake car accident attorney pedestrian-automobile accident reckless homicide personal injury accidents employment attorney swimming pools workers compensation benefits trustee car accident lawyers insurance negligence first degree murder Rolling Meadows Traffic Lawyer golf accidents Illinois employment lawyer estate tax Palatine injury attorney suspended license Rolling Meadows corporate lawyer DUI penalities Schaumburg Attorney Illinois probate lawyer Illinois estate planning fault based insurance underfunded trust Illinois insurance claim dispute lawyer meal breaks Kenilworth estate planning attorneys marijuana Illinois home inspection insurance denials Arlington Heights Traffic Lawyer Rolling Meadows criminal lawyer insurance dispute, insurance dispute lawyers, insurance claim denial, insurance claim delays, Rolling Meadows insurance dispute attorneys Illinois insurance disputes federal crimes Fair Labor Standards Act Inverness civil lawyer special needs trust fatal car accidents Buffalo Grove traffic attorney probate claims probate claims process condo Arlington Heights TBI attorney real estate leasing deed transfer marijuana crimes attorney BAC Rolling Meadows personal injury attorney Crystal Lake employment attorney Chicago will attorney power of attorney for healthcare work unions insurance adjusters Des Plaines insurance attorney DNR Crystal Lake accident attorney BAIID Deer Park employment law attorney overtime violations ObamaCare college kids Palatine corporate law attorneys IRA trust transfer ACA PTSD Arlington Heights car accident lawyer TBI Illinois medical malpractice lawyers insurance disputes, Illinois insurance disputes, Illinois insurance dispute attorneys, denied insurance claims, Arlington Heights insurance dispute attorneys rollover accidents Palatine civil attorney Palatine employment lawyer underinsured motorist motorcycle accident lawyer Liquor Control Act trusts preventable medical errors Des Plaines medical malpractice attorney startup company truck collisions power of attorney Colin Gilbert insurance dispute attorney independent contractor privacy car accidents Joliet general practice lawyers nursing home negligence defective products lawyer personal injury claim Illinois mortgages fiduciary rule delay Barrington workers compensation attorney Illinois pedestrian accident attorney Crystal Lake civil litigation lawyer construction accidents Des Plaines drug crimes lawyer Schaumburg Employment Discrimination Law product liability modern family estate planning Schaumburg employment attorney Chicago car accident lawyer personal injury lawyer Rolling Meadows insurance dispute lawyers, insurance dispute Arlington Heights Attorney Rolling Meadows DUI lawyer Inverness injury lawyer South Barrington real estate attorney denial of life insurance Rolling Meadows boating crash lawyer real estate attorneys Schaumburg criminal law attorney Illinois estate planning law firm car crash license reinstatement Chicago employment lawyer Illinois insurance claim dispute lawyers jet ski Chicago estate planning lawyer civil litigation workplace sexual harassment Mount Prospect elder law attorney Illinois rollover accident lawyers Barrington boating accident attorney Illinois workers compensation attorney trust payments gift taxes residential real estate Barrington estate planning attorney Jay Andrew Arlington Heights car crash attorneys blended families Schaumburg employment law attorneys criminal record Deer Park accident attorney Buffalo Grove real estate attorney Arlington Heights employment law attorneys healthcare claims Chicago attorney drug crimes Kenilworth estate planning attorney slip and fall DUI defense loss of consortium Illinois medical malpractice case living wills Illinois speeding lawyer Barrington attorney Des Plaines Traffic Lawyer Inverness estate planning lawyer Chicago estate planning landlord advance healthcare directive paid sick leave Arlington Heights criminal lawyer Illinois law personal injury Detainer Actions installment contracts breach of contract Crystal Lake criminal defense attorney Rolling Meadows marijuana attorney murder defense FMLA criminal home inspection lawyer motorcycle accident estate planning lawyer pedestrian accidents license revocation Barrington litigation attorney Legal Info employment law, meal breaks, rest breaks, hotel employees, Des Plaines employment law attorneys car crashes healthcare caretaker rights Illinois insurance lawyer sole proprietorship forming a corporation in Illinois Mount Prospect wills and trusts lawyers traumatic brain injuries foreclosure Illinois living will Rolling Meadows accident lawyer insurance agents medical research Illinois workers compensation lawyer Schaumburg traffic lawyer life insurance claims Mount Prospect real estate lawyer drunk driving statistics boating under the influence Arlington Heights personal injury lawyer estate plan breathalyzer test food poisoning insurance claim denial condo association elder abuse Buffalo Grove car accident lawyer insurance disputes slip and fall accidents unfunded trust Palatine real estate lawyer eluding a police officer creditors Arlington Heights lawyer blood alcohol content Illinois real estate lawyer Mt Prospect Attorney distracted driving accidents criminal law Whistleblower Claims Palatine punch death FSLA dog bites Rolling Meadows business lawyer trauma after an accident Schaumburg personal injury lawyer construction contracts car accident lawyer Rolling Meadows personal injury lawyer Palatine employment attorney Illinois will lawyer Inverness elder law lawyer Buffalo Grove law firm social media after death Inverness real estate lawyer Des Plaines personal injury lawyers insurance agent negligence Illinois trusts attorney rent to own real estate contracts dealing with problem employees probate Schaumburg personal injury attorney natural gas Barrington employment attorney unauthorized overtime Palatine criminal defense lawyer cell phone accidents wrongful termination, employment law, whistleblower protections, Illinois employment laws, discrimination in the workplace defective products Home Sale Contingencies Barrington drug crime attorney Barrington business law firm Illinois wills and trusts Chicago biking tips civil litigation attorney homestead rights Chicago corporate attorney Illinois civil litigation lawyer contracts financial advisors Arlington Heights wills and trusts lawyers Illinois real estate controlled substance Deer Park personal injury lawyer employee rights digital evidence Illinois personal injury Buffalo Grove criminal defense lawyer Barrington criminal lawyer insurance attorney brain injury pizza emoji Palatine elder law attorney Barrington employment law firm bicycle accidents Illinois employment law attorneys mass shooting traffic tickets distracted driving accident victims Crystal Lake tax lawyer cell phone tower data Illinois construction accident attorney Arlington Heights accident attorney Barrington employment law attorney Illinois Transfer on Death Instrument Inverness real estate attorney Buffalo Grove corporate attorney criminal defense llinois Real Estate Lawyers Association Arlington Heights traffic attorney Illinois insurance claim attorney Long Grove estate planning Kenilworth estate planning lawyer Des Plaines claims law firm appealing an insurance claim Illinois employment laws traffic laws income distribution deducation drunk driving Illinois Trust Code insurance claim Buffalo Grove employment lawyer Do Not Resuscitate dynasty trusts Buffalo Grove medical malpractice lawyers drugs preventing accidents Illinois Probate Act of 1975 Arlington Heights wills and trusts lawyer Schaumburg medical malpractice lawyer insurance claim denials Schaumburg drug defense lawyer Policy Cancellation bike accident Des Plaines tax law firm attorney fees Illinois employment law attorney Arlington Heights wills and trusts attorneys Illinois Human Rights Act Crystal Lake estate planning lawyer Schaumburg civil litigation attorney Palatine law firm Illinois car accident attorney Illinois Workers’ Compensation Commission Palatine probate lawyer Illinois personal injury lawyer minimum wage manufacturing driving Crystal Lake injury attorney Chicago will attorney, social media platforms, Illinois estate planning lawyer, comp time Illinois pet lawyer probate process commercial real estate Illinois Sales Representative Act trucking accident lawyers Arlington Heights tax lawyer insurance claim dispute Family Medical Leave Act Buffalo Grove injury lawyer internet Rolling Meadows insurance lawyer Transfer on Death Instrument Chicago insurance claim attorneys Palatine Attorney Crystal lake insurance dispute attorney loopholes owner responsibility underage DUI unpaid overtime Palatine traffic lawyer Barrington real estate lawyer Schaumburg corporate attorney Illinois insurance claims lawyers Des Plaines pet law attorney sexual harassment Crystal Lake car accident lawyer denied insurance claims Schaumburg estate planning attorney Crystal Lake will lawyer