PROBATE: Trust assets correctly held to be nonprobate assets to be used to satisfy widow’s statutory allowances only to extent the probate estate is insufficient… estate properly found sufficient to satisfy statutory allowances through abatement of devises… Best affirmed. [Read more…]
Trust, creator’s capacity, attorney sanctions
TRUST: Summary judgment properly granted to successor trustee company on trust creator’s incapacity warranting assumption of trusteeship. . . §37-61-421 sanctions improperly awarded against creator’s attorneys where no costs were incurred by Special Master and response to motion was voluntary. . . Larson affirmed, reversed. [Read more…]