Supreme Court Denies Trust Modification to Replace Trustee

The Supreme Court has held that that 20 Pa.S.C. § 7766 is the exclusive method for removing a trustee, and that a trust cannot be modified under § 7740.1 to allow the beneficiaries to remove and replace the trustee.  Trust under Agreement of Edward Winslow Taylor, 164 A.3d 1147, 15 EAP 2016 (Pa. 7/19/2017), rev’g 124 A.3d 334, 2015 PA Super 199, (9/18/2015).

For additional background and analysis of the Superior Court opinion, see Trust Modifications to Remove Trustees.  (Commentary on the Supreme Court opinion is also planned.)

 

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