{"id":1509,"date":"2014-04-01T13:55:37","date_gmt":"2014-04-01T17:55:37","guid":{"rendered":"http:\/\/resources.evans-legal.com\/?p=1509"},"modified":"2018-04-07T17:04:44","modified_gmt":"2018-04-07T21:04:44","slug":"edler-estate","status":"publish","type":"post","link":"https:\/\/resources.evans-legal.com\/?p=1509","title":{"rendered":"Irrevocable Trust Created under Power of Attorney a Legal Nullity"},"content":{"rendered":"<p align=\"LEFT\">Agent under durable power of attorney established irrevocable trust, which denied the right of the principal to the trust&#8217;s principal. \u00a0Principal objected to the trust, and the trust was terminated. \u00a0Following principal&#8217;s death, former agent petitioned to have the trust restored, and the court held that the power of attorney\u00a0did not explicitly give the power to create an irrevocable trust and that <a title=\"PEF 5603\" href=\"http:\/\/www.legis.state.pa.us\/cfdocs\/legis\/LI\/consCheck.cfm?txtType=HTM&amp;ttl=20&amp;div=0&amp;chpt=56&amp;sctn=3&amp;subsctn=0\" target=\"_blank\" rel=\"noopener\">PEF 5603(b)<\/a> specifically forbids an agent from creating an irrevocable trust, making the trust a legal nullity. \u00a0In the alternative, the court held that the trust was properly terminated under <a title=\"PEF 5603\" href=\"http:\/\/www.legis.state.pa.us\/cfdocs\/legis\/LI\/consCheck.cfm?txtType=HTM&amp;ttl=20&amp;div=0&amp;chpt=56&amp;sctn=3&amp;subsctn=0\" target=\"_blank\" rel=\"noopener\">PEF 5603(b)(2)<\/a> and that the petitioner is barred by the doctrine of accord, satisfaction or release. \u00a0<i>Edler Estate<\/i>, 4 Fid. Rep. 3d 113 (O.C. Lycoming 2014) (Opinion by Lovecchio, J.)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Agent under durable power of attorney established irrevocable trust, which denied the right of the principal to the trust&#8217;s principal. \u00a0Principal objected to the trust, and the trust was terminated. \u00a0Following principal&#8217;s death, former agent petitioned to have the trust &hellip; <a class=\"more-link\" href=\"https:\/\/resources.evans-legal.com\/?p=1509\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[34],"tags":[282,280,74,281],"class_list":["post-1509","post","type-post","status-publish","format-standard","hentry","category-opinions","tag-irrevocable-trust","tag-pef-5603","tag-power-of-attorney","tag-statutory-construction","pmpro-has-access"],"_links":{"self":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/1509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1509"}],"version-history":[{"count":5,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/1509\/revisions"}],"predecessor-version":[{"id":5663,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/1509\/revisions\/5663"}],"wp:attachment":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}