§560:3-912 Private agreements among successors to decedent binding on personal representative. Subject to the rights of creditors and taxing authorities, competent successors may agree among themselves to alter the interests, shares, or amounts to which they are entitled under the will of the decedent, or under the laws of intestacy, in any way that they provide in a written contract executed by all who are affected by its provisions. The personal representative shall abide by the terms of the agreement subject to the personal representative's obligation to administer the estate for the benefit of creditors, to pay all taxes and costs of administration, and to carry out the responsibilities of the personal representative's office for the benefit of any successors of the decedent who are not parties. Personal representatives of decedents' estates are not required to see to the performance of trusts if the trustee thereof is another person who is willing to accept the trust. Accordingly, trustees of a testamentary trust are successors for the purposes of this section. Nothing herein relieves trustees of any duties owed to beneficiaries of trusts. [L 1996, c 288, pt of §1]
Section: Previous 560-3-905 560-3-906 560-3-907 560-3-908 560-3-909 560-3-910 560-3-911 560-3-912 560-3-913 560-3-914 560-3-915 560-3-916 560-3-1001 560-3-1002 560-3-1003 NextLast modified: October 27, 2016