Authority to Remove Corporate Trustee

Individual co-trustee had the power to remove and replace the corporate co-trustee even though the will gave that power to a different individual co-trustee “or any individual successor trustee” and the remaining individual co-trustee was one initially appointed, because a narrow reading of the power would lead to an absurd result and is irreconcilable with the trust placed in the individual co-trustee elsewhere in the will.  Lukens Trust, 3 Fid.Rep.3d 113 (O.C. Montgomery 2013) (Opinion by Ott, J.)

Print Friendly, PDF & Email

Comments are closed.