Preview of Article:
Court Refuses to Terminate Spendthrift Trust
But Advances $3 Million of Charitable Remainder
Life income beneficiaries and charity can’t divvy up fund
when bank trustee objects to the termination
The Supreme Court of Kansas has affirmed a trial court decision advancing approximately $3 million to the Shriners Hospitals for Children from a spendthrift trust, but refusing to terminate the trust by paying $150,000 to each of the two life income beneficiaries.
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