The Superior Court has affirmed the grant of summary judgement by the Orphans’ Court holding that the attempted exercise of a limited power of appointment was invalid because it was not to a “charity” as defined by the trust document. … Continue reading
Tag Archives: Limited power of appointment
In an action by the estate of a beneficiary of a trust and the charitable organization to which she attempted to appoint her share of the trust against the trustees for breach of fiduciary duty for failing to create a … Continue reading
Surviving spouse, with a limited power of appointment over marital trust, exercised such appointment to the exclusion of one of her three children, to which the excluded child objected, because the surviving spouse had acted in bad faith and did … Continue reading