Neal v. George E. Neal, Jr. Irrevocable Trust, No. 05-19-00364-CV, 2020 WL 3263433 (Tex. App.—Dallas June 17, 2020, no pet. h.).

Trusts

Beneficiaries

 

The settlor created a trust and amended it several times. The provisions of the trust lead to disputes which were resolved with an agreed judgment. When an issue arose later regarding the reminder beneficiaries of a trust, the appellate court determined that the agreed judgment unambiguously determined the remainder beneficiaries.

 

Moral:  Before agreeing to a judgment, parties must be certain that they are actually content with its provisions.


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