In the Matter of the Friberg Family 2016 Trust

New Jersey Superior Court Appellate Division·Decided January 16, 2026·No. A-3023-23·Unpublished

Opinion

NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION This opinion shall not "constitute precedent or be binding upon any court ." Although it is posted on the internet, this opinion is binding only on the parties in the case and its use in other cases is limited . R. 1:36-3.

SUPERIOR COURT OF NEW JERSEY APPELLATE DIVISION

DOCKET NO. A-3023-23

IN THE MATTER OF THE FRIBERG FAMILY 2016 TRUST.

Submitted September 10, 2025 – Decided January 16, 2026 Before Judges Gummer and Vanek.

On appeal from the Superior Court of New Jersey, Chancery Division, Monmouth County, Docket No. P-

000410-22.

Goldstein Law Group, LLC, attorneys for appellant Keith Friberg (Mark Goldstein and Jared Goldstein, of counsel and on the briefs).

Archer & Greiner, PC, attorneys for respondent Robert Friberg (Andrew J. Cevasco, of counsel and on the brief; Heather B. Roth, on the brief).

PER CURIAM In a case involving a trust established by his mother Barbara Friberg, defendant Keith Friberg appeals from an order and an amended order granting a summary-judgment motion filed by his brother, plaintiff Robert Friberg, and an

order denying his reconsideration motion.1 Perceiving no error or abuse of discretion by the trial court, we affirm.

I.

In an August 8, 2016 irrevocable trust agreement, Barbara, as grantor, created the Friberg Family 2016 Trust (Trust). In the trust agreement, Barbara relinquished the right "to alter, amend, revoke or terminate this [t]rust [a]greement and the trusts created hereby."

As set forth in the trust agreement, Barbara granted two properties to the Trust. One property was located in Little Silver, New Jersey; the other was located in Singer Island, Florida. Barbara retained a life estate in the properties. Consistent with the trust agreement, on August 8, 2016, Barbara signed deeds in the presence of a New Jersey notary transferring ownership of the properties to the Trust. The deed for the New Jersey property was recorded on September 28, 2016; the deed for the Florida property was recorded on December 29, 2016.

Barbara named her two sons, Robert and Keith, as trustees and beneficiaries of the Trust. The trust agreement provided that "[w]hile there are two [t]rustees serving hereunder, all decisions shall be unanimous." The trust

1 Because of the shared last name of the Friberg family members, we refer to them by their first names for clarity. We intend no disrespect by doing so.

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agreement required the trustees "to designate one of their number as the [m]anaging [t]rustee to handle day-to-day and ministerial responsibilities for the Trust." Under the trust agreement, "[m]ajor actions, such as entering into a contract to purchase or sell real property, . . . require[d] all [t]rustees then serving to join in such action." The trust agreement named Robert as the managing trustee. The trust agreement also provided it would be governed by the laws of the State of Florida. According to the trust agreement, on Barbara's death, the Trust would terminate and the trustees were required to distribute "the principal and any undistributed and accumulated income remaining in the Trust to [Barbara's] then living issue, per stirpes . . . ."

Barbara and Robert executed the trust agreement on August 8, 2016, in New Jersey. According to the lawyer who had prepared the trust agreement, Keith refused to sign the trust agreement if Robert were the managing trustee. On September 15, 2016, Robert renounced in writing his appointment as managing trustee. The renunciation stated: "[t]he effect of this renunciation is that all actions of the trustees must be made jointly by the trustees, until such time as they decide to appoint one of them as [m]anaging [t]rustee . . . ."

The record contains two documents dated December 8, 2016, that Barbara apparently signed and addressed "To Whom It May Concern." In one document,

A-3023-23

she appointed Keith as the managing trustee of the Trust. That document provided that Keith "as [m]anaging [t]rustee [could] exercise his power unilaterally with no input required from the [t]rust [b]eneficiaries." In the other document, Barbara "gift[ed] the residence in Florida to Keith" and stated Keith "at his discretion . . . [could] determine whether to keep in family trust if Robert . . . agrees to share in expenses ([t]axes and HOA [f]ees) upon Keith['s] purchase of a house." Keith executed the trust agreement on December 8, 2016.

On April 4, 2022, Barbara passed away. According to a HUD-1 Settlement Statement,2 "Keith Friberg, Trustee of the Friberg Family 2016 Trust," sold the New Jersey property on August 31, 2022, yielding $856,592.19 in net proceeds. On that day, $856,592.19 was wired into a TD Bank account Keith had opened in the name of the Trust, with himself listed as trustee. By September 12, 2022, the account had a balance of $200. Documents subsequently obtained from TD Bank indicate funds from the Trust account had been transferred to Keith's personal account at TD Bank on various dates in September 2022. Those records also show the amounts of $700,000 and

2 "A HUD-1 is a standard real estate settlement form that the Real Estate Settlement Procedures Act requires in connection with all mortgage loans that are covered by federal law." In re Cmty. Bank of N. Va. Mortg. Lending Practices Litig., PNC Bank NA, 795 F.3d 380, 403 (3d Cir. 2015) (citing 12 U.S.C. § 2603).

A-3023-23

$145,000 were wired from Keith's personal TD Bank account to an account at a brokerage firm, respectively on September 6 and 12, 2022.

In a September 12, 2022 letter to Keith, Robert's counsel demanded "an immediate release to [Robert] of one half of the sale proceeds." Counsel contended Robert did not have access to the account into which the sale proceeds had been deposited. Counsel stated that if Keith did not release the funds by September 16, 2022, he would file an application for an order to show cause seeking Keith's removal as trustee.

In a verified complaint filed on November 4, 2022, Robert alleged the proceeds from the sale of the New Jersey property had been delivered to Keith's control without Robert's knowledge or approval; the December 8, 2016 document in which Barbara purportedly appointed Keith as the managing trustee was null and void because Barbara had relinquished the right to amend the irrevocable Trust when she created it; and Keith's retention of the proceeds from the sale of the New Jersey property had violated the terms of the Trust. Robert asserted Keith had breached his fiduciary duty, had engaged in unlawful conversion and fraud, and had been unjustly enriched. He sought entry of an order to show cause and removal of Keith as trustee, delivery of the proceeds of the sale to be held and distributed pursuant to the terms of the trust agreement,

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an accounting of Keith's actions as trustee, compensatory and punitive damages, and counsel fees.

The trial court entered an order to show cause on November 28, 2022, requiring Keith to respond by January 11, 2023. 3 On January 9, 2023, Keith, representing himself, moved for an extension of time. On January 25, 2023, he moved to dismiss the complaint and the order to show cause for lack of jurisdiction and improper venue.

On February 10, 2023, the court entered an order denying Robert's request to remove Keith as trustee; barring any distribution of the proceeds of the sale of the New Jersey property absent a court order; and requiring Keith to provide a formal accounting of the Trust within sixty days, informal accountings of the Florida property and expenses and the "claimed expenses" for the New Jersey property within thirty days, and information regarding the location and account where the proceeds from the sale of the New Jersey property were being held. The court scheduled a case management conference to be held on April 3, 2023.

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