In re Janet S. Bagdis Living Trust Agreement

At issue in this case was an inter vivos trust. The trust provided for three shares that were to be apportioned among the Settlor’s daughter and successor trustee, Lynne, the Settlor's son, Neil, and the Settlor's grandchildren, Kimberly and Jeffrey. Here, Kimberly sought to vacate an order of the superior court requiring that the disposition of funds held in trust for her be used to pay attorneys’ fees. The Supreme Court affirmed, holding (1) the trial justice did not err when he approved the first and final accounting of Lynne and when he approved the payment of the Settlor’s final debts and expenses, as well as administration costs, from the corpus of the trust; (2) the trial justice did not err in discharging and releasing Lynne from her fiduciary duty because Lynne did not breach that duty; (3) the trial justice did not abuse his discretion when he concluded that attorneys’ fees should be satisfied from Kimberly’s share of the trust; and (4) the trial justice did not violate Kimberly’s due process rights during certain hearings. View "In re Janet S. Bagdis Living Trust Agreement" on Justia Law