A trust cannot be amended by its beneficiaries to allow for the removal and replacement of a trustee without judicial approval, the Pennsylvania Supreme Court has ruled. In a unanimous July 19 decision in Trust Under Agreement... Continue Reading
A “no-contest” or “in terrorem” is a provision in a will or trust that would reduce or eliminate the interest of a beneficiary who initiates an action to contest the validity of the will or trust. Pennsylvania allows... Continue Reading
A 55 year old employee who lost her job when the employer eliminated her position did not state a claim for age discrimination because the employer articulated non-discriminatory economic reasons for taking the actions it... Continue Reading
A Total Return Unitrust requires a monthly, quarterly, semi-annually or annual payment to the current beneficiaries of a stated and fixed percentage of the Fair Market Value of the trust assets as evaluated each year such as on... Continue Reading
Twenty years ago all of your telephone calls were made from your home phone; all written messages were letters or faxes on paper; your music was confined to collection of records, 8- track or cassette tapes or CDs; your favorite... Continue Reading