Trust not Voided for Fraud in the Inducement

Failure to list property addresses in the schedule to an irrevocable trust was not sufficient evidence of fraud in the inducement to void the trust when the corporate owners of the properties were listed and were accurately valued, so no false statements were made and no injury can be shown.   Passarelli Family Trust, 2017 PA Super 366 (11/16/2017), dec. withdrawn and en banc rearg. granted, 3150 EDA 2016 (1/12/18), rev’g 7 Fid.Rep.3d 63 (O.C. Chester Co. 2016).

Update: The en banc decision was published as Passarelli Family Trust, 2019 PA Super 95 (3/28/2019) (en banc).

Update: An appeal has been allowed by the Supreme Court,  235 MAL 2019 (9/11/2019), and the decision of the Superior Court was affirmed, ___ A.3d ___, 71 MAP 2019 (Pa. 12/22/2020).

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