75-3-1101 - Effect of approval of agreements involving trusts, inalienable interests, or interests of third persons. - Utah Statutes

75-3-1101. Effect of approval of agreements involving trusts, inalienable interests,or interests of third persons.
A compromise of any controversy as to admission to probate of any instrument offered forformal probate as the will of a decedent, the construction, validity, or effect of any probated will,the rights or interests in the estate of the decedent, any successor, or the administration of theestate, if approved in a formal proceeding in the court for that purpose, is binding on all theparties thereto, including those unborn, unascertained, or who could not be located. An approvedcompromise is binding even though it may affect a trust or an inalienable interest. A compromisedoes not impair the rights of creditors or of taxing authorities who are not parties to it.

Enacted by Chapter 150, 1975 General Session