HRS §560:3-1101
When a court-approved settlement is final
This section says that if people in a probate case agree to settle a dispute and a court approves it in a formal hearing, the settlement is final for everyone involved, even people not yet born or not found. It can affect trusts and certain property interests. But it does not change the rights of creditors or tax agencies that were not part of the agreement.
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The statute, as written — 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 for formal probate as the will of a decedent, the construction, validity, or effect of any governing instrument, the rights or interests in the estate of the decedent, of any successor, or the administration of the estate, if approved in a formal proceeding in the court for that purpose, is binding on all the parties thereto including those unborn, unascertained or who could not be located. An approved compromise is binding even though it may affect a trust or an inalienable interest. A compromise does not impair the rights of creditors or of taxing authorities who are not parties to it.
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