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Home / Opinion Digests / ‘Interested’ Trustees May Not Terminate Trust (access required)

‘Interested’ Trustees May Not Terminate Trust (access required)

Co-trustees may not terminate a trust due to “defendant’s persistent and repeated requests for documentation and accountings” by the trustees, says a Richmond Circuit Court. Plaintiffs allege these persistent requests cost the trust unnecessary time and expense, including legal fees. Defendant opposes the motion on the ground that by the terms of the trust, the co-trustee ...

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