Authorizes trustee of trust, under certain circumstances, to terminate service without filing formal accounting with court or obtaining release agreements from beneficiaries.

This bill allows New Jersey trustees to end their role without court approval or beneficiary releases when a trust terminates or they cease serving. Trustees must provide beneficiaries with a detailed financial notice (including asset values and distribution plans) and give them 60 days to object. If no objections are received, the settlement is final, blocking future claims against the trustee for that period. It streamlines trust termination while requiring transparency through mandatory notice.