in the Matter of Trust a and Trust C. Established Under the Bernard L., and Jeannette Fenenbock Living Trust Agreement, Dated March 12, 2008.

CourtCourt of Appeals of Texas
DecidedJune 29, 2022
Docket08-19-00071-CV
StatusPublished

This text of in the Matter of Trust a and Trust C. Established Under the Bernard L., and Jeannette Fenenbock Living Trust Agreement, Dated March 12, 2008. (in the Matter of Trust a and Trust C. Established Under the Bernard L., and Jeannette Fenenbock Living Trust Agreement, Dated March 12, 2008.) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas 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 Trust a and Trust C. Established Under the Bernard L., and Jeannette Fenenbock Living Trust Agreement, Dated March 12, 2008., (Tex. Ct. App. 2022).

Opinion

COURT OF APPEALS EIGHTH DISTRICT OF TEXAS EL PASO, TEXAS

§ No. 08-19-00071-CV IN THE MATTER OF TRUST A AND TRUST C. ESTABLISHED UNDER THE § Appeal from BERNARD L. AND JEANNETTE § Probate Court Number 2 FENENBOCK LIVING TRUST AGREEMENT, DATED MARCH 12, § of El Paso County, Texas 2008. § (TC# 2017-CPR00674)

OPINION

This appeal arises from one of several cases involving disputes among siblings and their

progeny over assets in and governance of a family trust and a company owned by the siblings’

parents during their lifetimes. 1 Here, Appellant Glenna Gaddy (Glenna), a co-trustee of the family

trust, transferred stock in the family’s company from the family trust (in which she and others were

beneficiaries) to her personal trust, based on directives in the family trust agreement and her

mother’s will. However, the stock transfer was completed absent the consent or approval of the

other co-trustee, Appellee Mark Fenenbock (Mark). 2 Mark is also one of the beneficiaries of the

1 In addition to cases brought at the trial court level, some combination of the Gaddys and the Fenenbocks appeared previously in this Court. Of those cases, we issued opinions in In re Fenenbock, 621 S.W.3d 724, 726 (Tex.App.—El Paso 2020, orig. proceeding [mand. denied])(regarding disqualification of counsel); and Fenenbock v. W. Silver Recycling, Inc., 601 S.W.3d 32, 36-37 (Tex.App.—El Paso 2020, no pet.)(appealing the trial court’s judgment on valuation of share prices in the family company following a merger). 2 One of Mark’s children, Lauren Fenenbock, was originally identified by Appellant as a second Appellee. However, family trust. After she transferred the shares to her personal trust, Glenna sold the stock from her

trust in equal shares to her two sons.

Mark filed the underlying lawsuit seeking, among other things, a declaration that he is a

co-trustee under the trust agreement. The trial court previously granted summary judgment in favor

of Mark on this issue. Glenna now appeals an order from the trial court declaring the stock transfer

from the family trust to her personal trust void. The order requires the disputed stock to be restored

to the trust from which it originated and orders Glenna to undertake certain actions.

We find the trial court committed fundamental error and lacked subject matter jurisdiction

to enter the order for failing to join Glenna’s sons—the purported owners of the stock in question—

as parties to the lawsuit, since the order (a) effectively adjudicates ownership of the stock in which

they claim an interest, and (b) is a declaration of rights by which they could not be bound as non-

parties to the declaratory judgment action. For this reason, we vacate the order voiding the stock

transfer and remand to the trial court for further proceedings consistent with this opinion.

BACKGROUND 3

Bernard L. Fenenbock (Bernard) and Jeannette Fenenbock (Jeannette) were the parents of

Glenna and Mark. Glenna has two children, Lane Gaddy and Weston Gaddy. During their

lifetimes, Bernard and Jeannette owned and operated W. Silver Recycling, Inc. (the Company).

Bernard and Jeannette established The Bernard L. and Jeannette Fenenbock 2008 Living Trust

(Family Trust) on March 12, 2008. The terms of the trust agreement created five sub-trusts within

she subsequently informed the Court that although she is a party in the underlying case, she is not a party to this appeal. 3 A more detailed background summary of the family can be found in our opinion in In re Fenenbock, 621 S.W.3d at 727-28. 2 the Family Trust: Trust A, Trust B, Trust C, the Glenna Gaddy Trust (Gaddy Trust) and the Mark

Fenenbock Trust (Fenenbock Trust).

Bernard and Jeannette were the initial trustees of the Family Trust. The trust agreement

named the successor trustees as follows:

B. The Trustee

. . .

3. Successor Trustee. This provision shall govern the appointment and succession of Trustees of this Trust during its continuance:

(a) If JEANNETTE FENENBOCK fails or ceases to act as Trustee, BERNARD L. FENENBOCK shall serve as sole Trustee. If BERNARD L. FENENBOCK fails or ceases to act as Trustee, JEANNETTE FENENBOCK and GLENNA GADDY shall serve as Co-Trustees. In the event that GLENNA GADDY fails or ceases to act as Co-Trustee, LANE GADDY or MARK FENENBOCK, alternatively and in that order, shall serve as Co-Trustee in her place.

(b) When both the initial Trustees cease to serve as such, MARK FENENBOCK and GLENNA GADDY shall serve as successor Co-Trustees of this Trust. If only one is able to serve, he or she shall serve as sole Successor Trustee . . . .

4. Majority Vote. As a general rule, in all cases in which there are multiple Trustees of any trust arising hereunder, any action of the trust shall be taken or withheld by the Trustees based upon the vote of a majority of the Trustees then acting as such. In the event that: (i) a Co-Trustee dies or resigns, and a successor Co-Trustee has not been appointed; or (ii) a Co-Trustee is not able to participate in an action of the trust because such Co-Trustee is mentally incapacitated as evidenced by either a judicial determination or the affidavit of a licensed physician who has evaluated such Co-Trustee, the remaining Co-Trustee or sole Trustee may act on behalf of the trust. In any instance in which two Co- Trustees are serving jointly, any action of the Trustee shall require the joinder and consent of both Co-Trustees. ln the event that there are more than two Co-Trustees and a particular action is taken or withheld based upon the vote of the majority of the Trustees, any minority Trustee who opposes the particular action of the majority of the Trustees may indicate such opposition in writing and deliver it to all other

3 Co-Trustees and those beneficiaries who have a present interest in the trust. Except as otherwise provided in Section 114.006 of the Texas Trust Code, any Co-Trustee who dissents from and does not acquiesce in any action approved by the majority Trustees shall have no liability for any action so approved, except that the dissenting Co-Trustee shall insure that a written record is made of his or her dissent. [Emphasis added].

In May 2012, Bernard and Jeannette signed a First Amendment to the Family Trust. The

First Amendment changed certain language in Section B(3) of Article X, General Trust Provisions,

concerning the trustees:

We wish to add Successor Co-Trustees and change the order in which they are listed. Accordingly, this provision is amended and shall henceforth read as follows:

3. Successor Trustee. This provision shall govern the appointment and succession of Trustees of this Trust during its continuance:

(a) If Jeannette Fenenbock fails or ceases to act as Trustee, Bernard L. Fenenbock and Glenna Gaddy shall serve as Co-Trustees. In the event that Glenna Gaddy fails or ceases to act as Co-Trustee, Mark Fenenbock or Lane Gaddy, alternatively and in that order, shall serve as successor Co- Trustee in her place. If Bernard L. Fenenbock fails or ceases to act as Trustee, Jeannette Fenenbock and Glenna Gaddy shall serve as Co- Trustees. In the event that Glenna Gaddy fails or ceases to act as Co-Trustee, Mark Fenenbock or Lane Gaddy, alternatively and in that order, shall serve as successor Co-Trustee in her place.

By execution hereof, we jointly make and accept this amendment. All other provisions remain unchanged. [Emphasis added.]

After Bernard’s death in October of 2012, Jeannette and Glenna served as the co-trustees

of Trusts A, B and C pursuant to the Family Trust and the First Amendment. In November of 2015,

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