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


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