Section 16242 Of Article 2. Specific Powers Of Trustees From California Probate Code >> Division 9. >> Part 4. >> Chapter 2. >> Article 2.

. The trustee has the power to do any of the following:
  (a) Pay or contest any claim.
  (b) Settle a claim by or against the trust by compromise, arbitration, or otherwise.
  (c) Release, in whole or in part, any claim belonging to the trust.