Beneficiary Receiving Annuity Lacked Standing

A beneficiary who is entitled to an annuity of $2,400 each year for life from a trust did not have have a “direct, immediate and substantial” interest in transactions reported in the trustee’s account covering a period during which the trust fund increased from about $5.56 million to about $73 million and so did not have standing to object to those transactions or to petition for the appointment of a co-trustee, but did have standing to object to the division of the trust into separate trusts, only one of which would be used to pay the annuity. Trust under Will of Augustus T. Ashton, Deceased, Dated January 20, 1950, 233 A.3d 869, 2020 PA Super 130 (6/3/2020), rev’d in part, ___ Pa. ___, ___ A.3d ___, 36 EAP 2020 (Pa. 10/4/2021), (with concurrence by Wecht, J.), and aff’g in part, No. 1039 ST of 1952 (Philadelphia O.C. 2/25/2019).

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