In the Matter of the Bernadine E. Campo Irrevocable Trust

CourtCourt of Chancery of Delaware
DecidedOctober 29, 2024
DocketC.A. No. 2023-1021-LM
StatusPublished

This text of In the Matter of the Bernadine E. Campo Irrevocable Trust (In the Matter of the Bernadine E. Campo Irrevocable Trust) is published on Counsel Stack Legal Research, covering Court of Chancery of Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In the Matter of the Bernadine E. Campo Irrevocable Trust, (Del. Ct. App. 2024).

Opinion

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

IN THE MATTER OF THE ) BERNADINE E. CAMPO ) C.A. No. 2023-1021-LM IRREVOCABLE TRUST )

MAGISTRATE’S POST-TRIAL FINAL REPORT

Final Report: October 29, 2024 Date Submitted: June 26, 2024

Jason C. Powell and Thomas J. Reichert, THE POWELL FIRM, LLC, Wilmington, Delaware; Counsel for Petitioner Candice L. Soule.

Kevin F. Campo, Philadelphia, PA; Pro se Respondent.

Mitchell, M. Towards the end of her life, Bernadine Campo created a Trust to take care of

her needs and to assist with the needs of her heirs after her death. The Trust, created

in November of 2015, named her two children, Karen Novack and Kevin Campo, as

co-trustees. Karen and Kevin were also the beneficiaries of the Trust. When Ms.

Campo passed away on January 4, 2016, the Trust directed the remaining Trust

assets to be distributed equally between her two children. In the event of the death

of one trustee, the Trust authorized the surviving trustee to continue serving as sole

trustee. Unfortunately, this clause was triggered with the death of Karen Novack on

April 2, 2017, who passed away a little over a year after her mother. Thereafter,

Kevin continued as the sole trustee as of the Trust.

In November of 2020, Candice Soule, the only child of Karen Novack, filed

an action in this Court asserting that Kevin failed to distribute the Trust assets she is

entitled to. That action resulted in a default judgment order where Kevin was

removed as the trustee and Candice replaced him as the trustee in accordance with

that Order. After serving as trustee for a couple of years, the Petitioner now seeks an

approval of the accounting and to distribute the Trust assets to the beneficiaries. This

is my Final Report. I. BACKGROUND 1

The present action stems from the granted Order for Default Judgment

(hereinafter the “Default Order”) removing Kevin F. Campo (hereinafter,

“Respondent”) as Executor for the Estate of Bernadine E. Campo (hereinafter, the

“Estate”) and trustee for the Irrevocable Trust of Bernadine E. Campo (hereinafter,

the “Trust”). The Default Order recommended Candice L. Soule (hereinafter,

“Petitioner”) as successor trustee for the Trust and ordered Respondent to account

for and turn over any and all assets of the Estate and the Trust. 2 Respondent failed

to fulfill his obligation to provide a full accounting. 3 The present petition at issue

seeks the Court’s approval of an accounting of Trust assets and requests that the

Court enter a judgment against Respondent to be reflected in the final distribution of

the Trust to the beneficiaries.4 I begin with a chronology of the relevant facts

1 The facts in this report reflect my findings based on the record developed at trial on June 26, 2024. I grant the evidence the weight and credibility I find it deserves. Citations to the transcript will be in the form of “Tr. __.” Citations to the Docket for the present matter in the form of “D.I.__” for the Docket Item number. Citations to the Docket for the prior case, Candice L. Soule v. Kevin F. Campo, C.A. No. 2020-0980-SEM will be in the form of “C.A. No. 2020-0980-SEM, D.I.__” Citations to the exhibits submitted by the Petitioner are in the form of “PX __”; Citations to the exhibits submitted by the Respondent are in the form of “RX__.” 2 C.A. No. 2020-0980-SEM, D.I. 13. 3 Tr. 92: 10-12; Tr. 121: 6-20. 4 D.I. 1.

2 developed in the record, before turning to the resolution of the issues argued at the

trial which was held on June 26, 2024.

A. The Administration of the Estate and Trust

On October 16, 2014, Decedent executed her Last Will and Testament

(hereinafter, the “Will”).5 Pursuant to the Will, Bernadine E. Campo (hereinafter,

“Decedent”) appointed Respondent, her son, as the initial executor of the Estate.6

The Will appoints Karen Novack (hereinafter “Ms. Novack”), Decedent’s daughter,

as successor executrix if Respondent is unable to serve or is removed.7 The Will also

directs for the remaining funds of the estate to be distributed to Respondent and Ms.

Novack per stirpes.8

On November 4, 2015, Decedent executed a trust agreement appointing

Respondent and Ms. Novack to act as trustees. 9 The Trust agreement states that in

the event of the death of one trustee, the surviving trustee is authorized to continue

serving as sole trustee. 10

5 PX 2. 6 Id. 7 Id. 8 Id. 9 PX 3. 10 PX 3 section 5.08.

3 The Decedent died on January 4, 2016, leaving Respondent and Ms. Novack

as her only surviving heirs.11 Ms. Novack passed on April 2, 2017, intestate, leaving

Petitioner as her only heir.12

There are three properties that were held in the Trust, two of which have

already been sold, and the other property Petitioner plans to sell as soon as possible.13

On September 22, 2015, Decedent conveyed 8409 Seaview Avenue, NJ, 08260

(hereinafter, the “Wildwood Property”), to the Trust by deed. 14 On November 4,

2015, Decedent executed a deed to the Trust for the property known as 1260 Faun

Road, Wilmington, DE 19803, (hereinafter, the “Wilmington Property”).15 On

March 15, 2018, Respondent, acting as both the Administrator of the Estate of Louis

DeSilvio, Decedent’s father, and as Executor of the Estate, executed a deed

conveying a property known as 63 Gordon Avenue, Williamstown, New Jersey

(hereinafter, “Williamstown Property”) to the Estate of Bernadine E. Campo.16

11 Tr. 57: 8-9; D.I. 1 ¶ 3. 12 Tr. 57: 1-7; D.I. 1 ¶ 8. 13 PX 12 and PX 35. 14 PX 6. 15 PX 5. 16 PX 4.

4 B. The Removal of Kevin Campo as Executor and Trustee

On November 13, 2020, Petitioner sought a removal action to release

Respondent from his fiduciary position.17 Respondent failed to participate, and as a

result, on April 30, 2021, the Court entered a default judgment (hereinafter, “Default

Order”) removing Respondent as Executor and trustee of the Estate and the Trust

respectively and appointing Petitioner as successor trustee and Executor. 18 The

Default Order provides that Respondent is to fully account for all Estate and Trust

assets, income, and expenses over which he has exercised control and orders him to

turnover any and all assets of the Estate and Trust to Petitioner within 30 days of the

date of the order. 19 The Respondent failed to provide the Petitioner with the ordered

accounting of the assets that had formerly been within his control.20 The Default

Order also states that judgment could be entered against Respondent in favor of the

Trust for any assets, income, and expenses he is unable to account for or for any

damages determined at a future court hearing.21 The Default Order was adopted by

the Court and made final on September 13, 2021. 22

17 C.A. No. 2020-0980-SEM, D.I. 1. 18 C.A. No. 2020-0980-SEM, D.I. 13. 19 Id. 20 Tr. 118: 6-10. 21 C.A. No. 2020-0980-SEM, D.I. 13. 22 C.A. No. 2020-0980-SEM, D.I. 38.

5 C. Petitioner’s Service as Successor Trustee and Executor

After assuming the position as Trustee and Executor, Petitioner first

performed an investigation into the status of the property taxes for the Properties.

Petitioner discovered the following: (1) the Wildwood Property was $4,833.75

behind in property taxes,23 (2) the Wilmington Property was $6,044.88 behind in

property taxes, and (3) the Williamstown Property’s taxes had been paid by a third

party in exchange for a lien amounting to $20,364.49.24 The Williamstown property

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Related

McNeil v. McNeil
798 A.2d 503 (Supreme Court of Delaware, 2002)
Smith, Et Ux. v. Lemp, Et Ux.
63 A.2d 169 (Court of Chancery of Delaware, 1949)
Capaldi v. Richards
870 A.2d 493 (Supreme Court of Delaware, 2005)

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In the Matter of the Bernadine E. Campo Irrevocable Trust, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-the-matter-of-the-bernadine-e-campo-irrevocable-trust-delch-2024.