{"id":1563,"date":"2013-05-01T10:33:02","date_gmt":"2013-05-01T14:33:02","guid":{"rendered":"http:\/\/resources.evans-legal.com\/?p=1563"},"modified":"2015-05-26T16:00:46","modified_gmt":"2015-05-26T20:00:46","slug":"castagnero-trust","status":"publish","type":"post","link":"https:\/\/resources.evans-legal.com\/?p=1563","title":{"rendered":"Spendthrift Trust Termination with Charitable Remaindermen"},"content":{"rendered":"<p align=\"LEFT\">A trust, providing outright distributions to two beneficiaries, income distributions to three more beneficiaries for life, and three charities as remaindermen, cannot be terminated with the consent of all beneficiaries under <a title=\"PEF 7740.1\" href=\"http:\/\/www.legis.state.pa.us\/cfdocs\/legis\/LI\/consCheck.cfm?txtType=HTM&amp;ttl=20&amp;div=0&amp;chpt=77&amp;sctn=40&amp;subsctn=1\">20 Pa. C.S.A. \u00a7 7740.1<\/a> , because the trust is a charitable trust, meaning that \u00a7 7740.1 does not apply.\u00a0 Furthermore, the trust had a spendthrift clause, and the court found that to be a material purpose of the trust.\u00a0 <em>Castagnero Trust<\/em>, 3 Fid. Rep. 3d 136 (O.C. Westm. 2013)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A trust, providing outright distributions to two beneficiaries, income distributions to three more beneficiaries for life, and three charities as remaindermen, cannot be terminated with the consent of all beneficiaries under 20 Pa. C.S.A. \u00a7 7740.1 , because the trust &hellip; <a class=\"more-link\" href=\"https:\/\/resources.evans-legal.com\/?p=1563\">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":[66,67,68],"class_list":["post-1563","post","type-post","status-publish","format-standard","hentry","category-opinions","tag-charitable-trusts","tag-pef-code-7740-1","tag-spendthrift-clause","pmpro-has-access"],"_links":{"self":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/1563","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=1563"}],"version-history":[{"count":5,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/1563\/revisions"}],"predecessor-version":[{"id":2300,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/1563\/revisions\/2300"}],"wp:attachment":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}