Trust Under Will of Ashton, A., of: Reed, E.
This text of Trust Under Will of Ashton, A., of: Reed, E. (Trust Under Will of Ashton, A., of: Reed, E.) is published on Counsel Stack Legal Research, covering Supreme Court of Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
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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