John R. Todd, IV v. Hilliard Lyons Trust Company, LLC

CourtCourt of Appeals of Kentucky
DecidedSeptember 9, 2021
Docket2020 CA 000895
StatusUnknown

This text of John R. Todd, IV v. Hilliard Lyons Trust Company, LLC (John R. Todd, IV v. Hilliard Lyons Trust Company, LLC) is published on Counsel Stack Legal Research, covering Court of Appeals of Kentucky primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
John R. Todd, IV v. Hilliard Lyons Trust Company, LLC, (Ky. Ct. App. 2021).

Opinion

RENDERED: SEPTEMBER 10, 2021; 10:00 A.M. TO BE PUBLISHED

Commonwealth of Kentucky Court of Appeals

NO. 2020-CA-0895-MR

DR. JOHN R. TODD, IV APPELLANT

APPEAL FROM JEFFERSON CIRCUIT COURT v. HONORABLE A.C. MCKAY CHAUVIN, JUDGE ACTION NO. 17-CI-006765

HILLIARD LYONS TRUST COMPANY, LLC, IN ITS CAPACITY AS TRUSTEE UNDER THE WILL OF ANNE P. TODD AND ALSO AS TRUSTEE UNDER THE RUCKER TODD LIFE INSURANCE TRUST APPELLEE

OPINION REVERSING AND REMANDING

** ** ** ** **

BEFORE: ACREE, CALDWELL, AND K. THOMPSON, JUDGES.

CALDWELL, JUDGE: Dr. John R. Todd, IV (“Dr. Todd”) appeals the Jefferson

Circuit Court’s July 1, 2020 opinion and order granting Appellee Hilliard Lyons

Trust Company’s (“Hilliard”) motion for judgment on the pleadings and denying

his motion for summary judgment. Upon careful consideration, we reverse the Jefferson Circuit Court and remand for further proceeding in accordance with this

Opinion.

BACKGROUND AND PROCEDURAL HISTORY

This case involves the interpretation and application of the Rucker

Todd Life Insurance Trust (“the Trust”). Specifically, it requires determining

whether the Trust authorizes Dr. Todd to exercise his power of appointment under

the Trust to benefit his adopted children.

Rucker Todd (“Rucker”) and his wife, Anne P. Todd, had two

biological children: Dr. Todd, born in 1947, and Katherine,1 born in 1951. Neither

Dr. Todd nor Katherine has biological children. However, in the late 1970s, Dr.

Todd adopted his now-deceased wife’s two daughters, Karen and Stephanie.

Karen was eighteen and Stephanie was sixteen when they were adopted.

Rucker created the Trust in 1996, and it has been amended five times

throughout the years. Hilliard serves as trustee. In short, the relevant portion of

the Trust was established for the initial benefit of Dr. Todd, with provision for his

“issue” to benefit should he predecease Rucker. The Trust also vested in Dr. Todd

the power of appointment. Under Paragraph 13(c), he could exercise such power

1 Katherine is not a participant in these legal proceedings and has taken no position on the issues before this Court. (Trial Record (“T.R.”) at 152-55.)

-2- by will, directing Hilliard to pay any principal and undistributed income at the time

of Dr. Todd’s death to an appointee of his choosing.

However, in 2011, Rucker amended the Trust a fourth time. This

amendment prohibited Dr. Todd from exercising his power of appointment to

benefit any adopted persons or their descendants or their ancestors. The Fourth

Amendment to the Trust Agreement amends Paragraph 13(c) to include

subparagraph (3), which states:

Notwithstanding any provisions of subparagraphs (1) and (2) of this paragraph 13(c), under no circumstances shall any power of appointment granted to any beneficiary of the separate trust estate administered under this paragraph 13 be exercisable for the benefit of any person adopted by another person, the issue of any person so adopted by another person, or the ancestors of any person so adopted by another person.

(T.R. at 101-02.)

Rucker passed away in 2015. Dr. Todd subsequently filed the instant

action seeking, among other things, a judicial declaration that he may exercise his

power of appointment to benefit adopted persons and their descendants and that

any provision treating adopted persons differently than natural children is invalid.2

2 Dr. Todd also sought a declaration that he may exercise his powers of appointment under the Anne Todd Trust to benefit adopted persons. The Anne Todd Trust otherwise had similar provisions as the Trust; however, it was never amended to limit the beneficiaries’ powers of appointment concerning adopted persons as was the Trust. Accordingly, an agreed order was entered on March 6, 2018, acknowledging Dr. Todd’s right to name adopted persons as beneficiaries under the Anne Todd Trust.

-3- Hilliard filed a motion for judgment on the pleadings, asserting the

language of the Trust legally and unambiguously prevented Dr. Todd from

exercising his power of appointment to favor adopted persons. Dr. Todd

responded and moved for summary judgment. He asserted that Paragraph 13(c)(3)

did not divest him of his power to appoint adopted persons as beneficiaries and that

any such restriction was illegal and unenforceable. He also asked the circuit court

to order that his attorney fees be reimbursed from the Anne Todd Trust and the

Trust. The circuit court granted Hilliard’s motion for judgment on the pleadings,

concluding as follows:

The language of the Trust is not ambiguous. The intent of Rucker Todd, as made clear by the express terms of the Trust as amended, was to prevent the distribution of trust assets to Dr. Todd’s adopted children. While the Court very much recognizes and appreciates how and why Dr. Todd may feel genuinely aggrieved as a result, the question before the Court is not whether the intent made clear by Rucker Todd is laudable or reprehensible. The only question is whether it is enforceable. In keeping with the plain meaning of the Trust, the Trust clearly, effectively and legally accomplishes Rucker Todd’s intent through Paragraphs 32 and 13. As such, and even when viewing the evidence of record in the light most favorable to Dr. Todd, the Court is obliged to find that there are no genuine issues of material fact which would make it possible for him to prevail as a matter of law.

(T.R. at 263-64.) This appeal followed.

-4- STANDARD OF REVIEW

A judgment on the pleadings “should be granted if it appears beyond

doubt that the nonmoving party cannot prove any set of facts that would entitle

him/her to relief.” Schultz v. Gen. Elec. Healthcare Fin. Servs. Inc., 360 S.W.3d

171, 176 (Ky. 2012) (citation omitted). “Appellate review of a summary judgment

involves only legal questions and a determination of whether a disputed material

issue of fact exists. So we operate under a de novo standard of review with no

need to defer to the trial court’s decision.” Shelton v. Kentucky Easter Seals Soc’y,

Inc., 413 S.W.3d 901, 905 (Ky. 2013) (footnotes omitted).

ANALYSIS

We interpret trusts using the same rules applicable to the construction

of wills. See Dep’t of Revenue v. Kentucky Tr. Co., 313 S.W.2d 401, 404 (Ky.

1958). “The most basic rule of will interpretation is that the testator’s intent must

be the ‘polar star’ toward which all interpretive efforts are guided, and this intent

will be controlling, absent some illegality.” Benjamin v. JP Morgan Chase Bank,

N.A., 305 S.W.3d 446, 451 (Ky. App. 2010) (citations omitted). “As in any case

where a court is called upon to interpret a document, the first and most important

guide is the plain language of the instrument.” Id. “If the language used is a

reasonably clear expression of intent, then the inquiry need go no further.” Clarke

v. Kirk, 795 S.W.2d 936, 938 (Ky. 1990). “However if the instrument’s provisions

-5- are susceptible to more than one different–yet reasonable–interpretation, they are

ambiguous; and, we may look to extrinsic evidence during our interpretation.”

Williams v.

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Related

Department of Revenue v. Kentucky Trust Company
313 S.W.2d 401 (Court of Appeals of Kentucky (pre-1976), 1958)
Benjamin v. JP Morgan Chase Bank, N.A.
305 S.W.3d 446 (Court of Appeals of Kentucky, 2010)
Clarke v. Kirk
795 S.W.2d 936 (Kentucky Supreme Court, 1990)
Vega v. Kosair Charities Committee, Inc.
832 S.W.2d 895 (Court of Appeals of Kentucky, 1992)
Brummett v. Brummett
331 S.W.2d 719 (Court of Appeals of Kentucky, 1960)
Schultz v. General Electric Healthcare Financial Services Inc.
360 S.W.3d 171 (Kentucky Supreme Court, 2012)
Shelton v. Kentucky Easter Seals Society, Inc.
413 S.W.3d 901 (Kentucky Supreme Court, 2013)
Williams v. City of Kuttawa
466 S.W.3d 505 (Court of Appeals of Kentucky, 2015)

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