Spendthrift Trust Termination with Charitable Remaindermen

A trust, providing outright distributions to two beneficiaries, income distributions to three more beneficiaries for life, and three charities as remaindermen, cannot be terminated with the consent of all beneficiaries under 20 Pa. C.S.A. § 7740.1 , because the trust is a charitable trust, meaning that § 7740.1 does not apply.  Furthermore, the trust had a spendthrift clause, and the court found that to be a material purpose of the trust.  Castagnero Trust, 3 Fid. Rep. 3d 136 (O.C. Westm. 2013)

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