Trust Under Will of Ashton, A., of: Reed, E.

Supreme Court of Pennsylvania

Trust Under Will of Ashton, A., of: Reed, E.

Supreme Court of Pennsylvania·Decided December 2, 2020·No. 203 EAL 2020 (Granted)·Published

Opinion

IN THE SUPREME COURT OF PENNSYLVANIA EASTERN DISTRICT

TRUST UNDER WILL OF AUGUSTUS T. : No. 203 EAL 2020 ASHTON, DECEASED DATED JANUARY : 20, 1950 :

: Petition for Allowance of Appeal : from the Order of the Superior Court PETITION OF: ELIZABETH A. REED :

ORDER

PER CURIAM

AND NOW, this 2nd day of December, 2020, the Petition for Allowance of Appeal

is GRANTED. The issue, as stated by petitioner, is:

Did the Superior Court err when it held that the equitable property interest in the trust res of a current vested beneficiary does not establish the beneficiary’s automatic standing to raise issues with the Trustees’ breach of fiduciary duties to the Trust, but instead a court must evaluate each and every beneficiary’s individualized financial loss to determine if it meets some unknown threshold sufficient to meet the “substantial, direct and immediate” test?

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IN THE SUPREME COURT OF PENNSYLVANIA EASTERN DISTRICT

TRUST UNDER WILL OF AUGUSTUS T. : No. 203 EAL 2020 ASHTON, DECEASED DATED JANUARY : 20, 1950 :

: Petition for Allowance of Appeal : from the Order of the Superior Court PETITION OF: ELIZABETH A. REED :

ORDER

PER CURIAM

AND NOW, this 2nd day of December, 2020, the Petition for Allowance of Appeal

is GRANTED. The issue, as stated by petitioner, is:

Did the Superior Court err when it held that the equitable property interest in the trust res of a current vested beneficiary does not establish the beneficiary’s automatic standing to raise issues with the Trustees’ breach of fiduciary duties to the Trust, but instead a court must evaluate each and every beneficiary’s individualized financial loss to determine if it meets some unknown threshold sufficient to meet the “substantial, direct and immediate” test?

Trust Under Will of Ashton, A., of: Reed, E., (Pa. 2020).

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