Revaz v. Fleet, N.H.

District Court, D. New Hampshire·Decided November 12, 1996·No. CV-96-379-M·Published

Opinion

Revaz v. Fleet, N.H. CV-96-379-M 11/12/96 UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW HAMPSHIRE

Suzanne Y. Revaz, Individually and as Co-Trustee of the Frederic E. Revaz Revocable Trust and Jacqueline White

v. Civil No. 96-379-M

Fleet, N.H., formerly Shawmut Bank, N.A., Fred Edward Revaz, and Anna Revaz

O R D E R

Two members of the Revaz family question the apparent depletion of a family trust by two other members. The plaintiffs, Suzanne Y. Revaz, both individually and in her capacity as a trustee of her late husband's trust, and her daughter, Jacqueline White, formerly Jacqueline Revaz, bring claims against Fred E. Revaz (Suzanne's son and Jacqueline's brother), Fred's wife, Anna Revaz, and Fleet N.A., the successor to Shawmut Bank, N.A., as trustee of the Revaz trust. The individual defendants, Fred and Anna Revaz, move to dismiss the plaintiffs' claims against them. The defendants' motion is resolved as follows.

STANDARD OF REVIEW

A motion to dismiss under Federal Rule of Civil Procedure 12(b)(6) is one of limited inquiry, focusing not on "whether a plaintiff will ultimately prevail but whether the claimant is entitled to offer evidence to support the claims." Scheuer v. Rhodes, 416 U.S. 232, 236 (1974). Ordinarily, if parties submit materials outside the pleadings on a motion to dismiss, the court must either exclude those materials from consideration or treat the motion as one for summary judgment under Federal Rule of Civil Procedure 56. See Fed. R. Civ. P. 12(b). A narrow exception permits consideration of documents that are central to the plaintiffs' claim, that are referred to in the plaintiffs' complaint, and when the parties do not dispute the authenticity of the submitted documents. Watterson v. Page, 987 F.2d 1, 3 (1st Cir. 1993); Fudge v. Penthouse Intern., Ltd., 840 F.2d 1012, 1014-15 (1st Cir.), cert, denied, 488 U.S. 821 (1988).

In this case, the defendants have submitted copies of the trust instrument and powers of attorney granted by Frederic and Suzanne Revaz to their son, Fred Revaz. The submitted documents pertain to the plaintiffs' claims that the defendants fraudulently acquired the powers of attorney and then depleted the trust and the parents' bank accounts for the defendants' own

use. The plaintiffs have not objected to the authenticity of the submitted copies, nor have they requested that the documents not be considered. Therefore, the submitted documents will be considered without converting the defendants' motion into one for summary judgment.

In considering a motion to dismiss, the court must take all well-pleaded facts in the complaint as true and draw reasonable inferences in favor of the plaintiff, but the court need not credit "bald assertions" or legal conclusions. Washington Legal Found, v. Massachusetts Bar Found., 993 F.2d 962, 971 (1st Cir. 1993). "A complaint must contain 'factual allegations, either direct or inferential, respecting each material element necessary to sustain recovery under some actionable legal theory.'" Classman v. Computervision Corp., 90 F.3d 617, 628 (1st Cir. 1996) (quoting Goolev v. Mobil Oil Corp., 851 F.2d 513, 515 (1st Cir. 1988)). A claim will not be dismissed unless it appears beyond a doubt from the allegations in the complaint, taken in the proper light, that the plaintiffs cannot prove facts that would entitle them to relief. Negron-Gaztambide v. Hernandez- Torres, 35 F.3d 25, 27 (1st Cir. 1994), cert, denied, 115 S.Ct. 1098 (1995).

BACKGROUND1

Frederic Eugene Revaz executed the Frederic E. Revaz Revocable Trust on March 1 9 , 1984, naming both the Shawmut First Bank and Trust Company (now Fleet, N.A., and referred to in this Order as "Fleet") and his wife, Suzanne Y. Revaz, as co-trustees. He established the trust when he was elderly, for his own benefit during the remainder of his life, for the benefit of his wife, should she survive him, and eventually for their children, Fred and Jacgueline. The trust instrument provided that during Frederic Revaz's lifetime Fleet would pay him net income or principal from the trust as he reguested in a signed writing, and that if Fleet determined that Revaz was incapable of handling his affairs, it would pay income and principal for Revaz's benefit or for the benefit of his wife or his children as Fleet "deems advisable."

From March 1985 through August 13, 1992, Frederic Revaz withdrew guarterly disbursements of interest in amounts of $2,000 to $2,500, and withdrew principal only twice, in a total amount of $7,700. The Revazes' son, Fred Revaz, obtained a durable power of attorney dated August 15, 1992, from each of his

1 The background facts are presented in accordance with the applicable standard — most favorably to plaintiffs.

parents. The powers of attorney appear to have been signed in the names of each parent, and Anna and Fred Revaz signed each document as witnesses. Neither power of attorney is acknowledged by a notary public, although the blank form for acknowledgment is printed at the end of each document. The plaintiffs allege that the powers of attorney were "either forged or otherwise wrongfully obtained by Defendants Fred Revaz and Anna Revaz."

Beginning in mid-August 1992, Fred Revaz began to withdraw funds from the trust. A withdrawal of $30,000 on April 12, 1995, finally exhausted the trust. Fred Revaz withdrew, and used for his own and his wife's benefit, an aggregate amount of approximately $170,000 from the principal of the trust, and an additional unknown amount representing accumulated interest. Fred also depleted his parents' bank accounts for his own use.

When Suzanne Revaz and her daughter, Jacgueline White, first learned, on April 24, 1995, of Fred's withdrawals from the trust and other accounts, they promptly contacted Fleet. After receiving some information about Fred's dealings with the trust, but generally finding Fleet uncooperative, the plaintiffs attempted to terminate Fleet as trustee and name a different bank under the terms of the trust. Fleet refused to honor plaintiffs'

requests. Frederic Revaz died on May 3, 1995. This action was filed in July 1996.

DISCUSSION

Among other counts, plaintiffs assert a claim of breach of fiduciary duty against Fred Revaz, and claims of fraud and intentional and negligent infliction of emotional distress against both Fred and Anna Revaz. Fred and Anna Revaz move to dismiss all claims against them.

The parties have not addressed a potential choice-of-law issue in this diversity case, and seemingly rely on a combination of New Hampshire law, law from other jurisdictions, and citations from treatises to support their respective positions. The trust document specifies that it is to be governed by Massachusetts law; the referenced powers of attorney were apparently executed in Massachusetts; the trust funds and bank accounts apparently were located in and funds were withdrawn in Massachusetts; and the defendants are all Massachusetts residents. On the other hand, both plaintiffs reside in New Hampshire. As choice of law is not jurisdictional, however, the parties may waive the issue. See Violette v. Smith & Nephew Dvonics, Inc., 62 F.3d 8, 11 (1st Cir. 1995), cert, denied, 116 S.Ct. 1568 (1996); LaPlante v.

American Honda Motor Co., Inc., 27 F.3d 731, 740 (1st Cir. 1994) . Accordingly, for purposes of the present motion, the court will deem the issue waived, and apply New Hampshire law, assuming that no material conflict exists with Massachusetts law.

A. Breach of Fiduciary Duty Fred Revaz argues that the plaintiffs have failed to state a claim of breach of fiduciary duty against him because he owed no such duty to either of them. Determining what duties were owed, if any, necessarily reguires sorting out the parties' relationships with each other and their actions, paying particular attention to Fred Rev a z 's obligations under the various roles he played.

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