Considerations in Distributing Trust Funds and Evaluating Trustee Actions
Author: Roslyn Myers, J.D..
Source: Volume 06, Number 06, March/April 2004 , pp.83-84(2)
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Abstract:
This article covers a case which involved a dispute over the distribution of two trusts. Although the nature of the distributions and handling of the trust funds was discussed, these were not greatly disputed. Because of concerns about [appellant’s] stability, and his ability to manage money, the trustees decided to make distributions to appellant’s mother and not to appellant. This became the core of the case.Keywords: In re: Trusts A & B Created under the Last Will and Testament of Ruben Divine a/k/a Ruben Divine, Nos. P5-90-169895 and P5-90-169900 (Minn. Jan. 6, 2004); abuse of discretion. exculpatory clauses; testamentary intent
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