Estate of Edward Winslow Taylor Inter Vivos Trust

169 A.3d 658, 2017 Pa. Super. 275, 2017 WL 3613403, 2017 Pa. Super. LEXIS 647
CourtSuperior Court of Pennsylvania
DecidedAugust 23, 2017
DocketEstate of: Taylor, E., Appeal of: Wood, C. No. 2289 EDA 2016
StatusPublished
Cited by5 cases

This text of 169 A.3d 658 (Estate of Edward Winslow Taylor Inter Vivos Trust) is published on Counsel Stack Legal Research, covering Superior Court of Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Estate of Edward Winslow Taylor Inter Vivos Trust, 169 A.3d 658, 2017 Pa. Super. 275, 2017 WL 3613403, 2017 Pa. Super. LEXIS 647 (Pa. Ct. App. 2017).

Opinion

OPINION BY

OTT, J.:

Charles Cresson Wood and Urquhart A. Wood (“Appellants”) appeal from the Decree entered June 27, 2016, in the Court of Common Pleas of Philadelphia County, denying their request for the issuance of a citation on their petition for declaratory judgment concerning the termination date of a trust established by Edward Winslow Taylor, in 1928, as amended on September 25, 1930. 1 Appellants claim the orphans’ court erred (1) in finding that the orphans’ court’s December 7, 2009 Adjudication foreclosed then- petition, (2) in refusing to issue a citation, and (3) in failing to award the relief requested by the petition for *659 declaratory judgment. Based upon the following, we affirm.

Appellants are the Executors of the Estate of Anthony T. Wallace, Deceased (Decedent), who died on January 15, 2015. 2 Decedent was the great-grandson of Edward Winslow Taylor. Appellants filed their petition for declaratory judgment on May 18, 2016, requesting a citation be issued to all interested parties to show cause why the court should not issue a declaratory judgment invalidating the 1930 supplement (“1930 Amendment”) to the Edward Winslow Taylor Inter Vivos Trust (“Taylor Trust”), and an order compelling distribution of one quarter of the Taylor Trust to the Estate of Anthony T. Wallace.

The orphans’ court summarized the background of this case, as follows:

Introduction
The executors of the Anthony T. Wallace Estate (“executors”) are appealing this court’s refusal to issue a citation on their petition for declaratory judgment concerning the termination date of a trust established by decedent’s great-grandfather, Edward Winslow Taylor, in 1928, as amended in September 25, 1930 (“1930 Amendment”). Prior to his death, Anthony Wallace had been an income beneficiary of this trust and had entered into a Family Agreement dated August 12, 2009 and approved by this court’s December 7, 2009 adjudication. With their Family Agreement, the trust beneficiaries unanimously agreed that the trust would continue until it terminates in 2028 pursuant to the 1930 Amendment. The executors nonetheless seek to reopen this issue by seeking an interpretation of the trust document of 1928 and its 1930 Amendment to assert that the trust terminated in 2008. Because the issue raised in the executor[s’] petition has been definitively settled by the Family Agreement approved by the 2009 adjudication under the provisions of the Pennsylvania Uniform Trust Act, their petition-is without merit. It was properly denied as raising a moot issue .
Factual Background
On August 12, 2009, Wachovia Bank, as trustee of the Edward Winslow Taylor Trust (“Taylor Trust”), filed an account of its administration of the trust covering the period May 23, 1980 through May 4, 2008. Its reason for filing the account was the death of Edward Taylor’s only grandchild, Frank R. Wallace, Jr., who was the income beneficiary of the trust as well as its individual co-trustee. 1 In filing the account, Wacho-via set forth
its interpretation of the dispositive terms of the trust that Edward Winslow Taylor established on February 9, 1928, for the initial benefit of his daughter Anna Taylor Wallace. It noted that the Trust Agreement was amended on April 20, 1928, on September 25, 1930 and on March 20, 1933. According to the Trustee, the dispositive terms of the Trust are set forth in paragraph 3 of the September 25, 1930 trust amendment. It noted that the net income was to be distributed to the settlor’s daughter, Anna Taylor Wallace, for her lifetime. Upon her death, the net income was to be distributed among the persons she chose to appoint under her will. Anna Wallace exercised this power of appoint *660 ment in her will by providing that her only child, Frank R. Wallace, should receive all the net income during his lifetime. The trustee noted that the Trust is “to terminate 20 years after the death of the last survivor of the Settlor, Anna Taylor Wallace, Frank Rich Wallace (Anna Taylor Wallace’s husband) and Frank R. Wallace, Jr.” With the death of Frank R. Wallace, Jr. on May 4, 2008, the trustee concluded that the Trust will terminate on May 4, 2028. 2 Until that termination date, the
income of the trust was to be distributed to the four surviving children of Frank R. Wallace, Jr.:
Anthony T. Wallace
Elise W. Carr
W. Sewell Wallace
Christopher G. Wallace
None of these issue was given a power of appointment by the Taylor trust documents. Only the settlor’s daughter, Anna Taylor Wallace, was granted the power to appoint the net income of the trust by her last will. 3
As an issue for adjudication, the trustee in 2009 sought court approval of a Family Agreement to modify the trust pursuant to the Pennsylvania Uniform Trust Act, 20 Pa.C.S.A. section 7740.1(b). In so doing, the trustee characterized the Family Agreement as seeking “to divide the Trust, as permitted with Court approval under Section 7740.1(b) of the UTA, into four separate equal Trusts— one Trust of each of the surviving children of Frank R. Wallace, Jr. and to appoint each of the children as a Co-Trustee with Petitioner of his or her separate Trust until each Trust terminates on May 4, 2028, 20 years from the death of Frank R. Wallace Jr.” 4
A copy of the 2009 Family Agreement was presented with the Account. It was signed by all parties in interest, who were the four children of Frank R. Wallace, Jr. In addition, it was signed by all of Frank Wallace Jr.’s grandchildren. The Family Agreement specifically states that “paragraph 3 of the September 25, 1930 supplement of the Trust provides for the disposition of the income and principal of the Trust.” 5 It also specifies that the Trust, terminates on May 4, 2028 which is 20 years after the death of Frank R. Wallace Jr. 6
No objections were filed to the account. This court therefore confirmed the account by adjudication dated December 7, 2009 (“2009 Adjudication”) and approved the Family Agreement. In so doing, this adjudication twice reiterated that the trust terminates on May 4, 2028. The adjudication in addition approved the distribution of principal as follows to the following four trusts:
one-fourth Trustees of the Anthony T. Wallace Trust
one-fourth Trustees of the Elise W. Carr Trust
one-fourth Trustees of the W. Sewell Wallace Trust
one-fourth Trustees of the Christopher G. Wallace Trust

Free access — add to your briefcase to read the full text and ask questions with AI

Related

In Re: Est. of R.P., Appeal of: Pileggi, S.
Superior Court of Pennsylvania, 2024
Estate of: Fabian, Stella, Appeal of: Krepicz, M.
Superior Court of Pennsylvania, 2021
In Re: M. Estelle Thomas Trust
Superior Court of Pennsylvania, 2020
Kammerer, W. v. Kammerer, W.
Superior Court of Pennsylvania, 2019
In Re: Miller, H.F.
Superior Court of Pennsylvania, 2017

Cite This Page — Counsel Stack

Bluebook (online)
169 A.3d 658, 2017 Pa. Super. 275, 2017 WL 3613403, 2017 Pa. Super. LEXIS 647, Counsel Stack Legal Research, https://law.counselstack.com/opinion/estate-of-edward-winslow-taylor-inter-vivos-trust-pasuperct-2017.