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Probate: Revocable Trust-Annual Distributions
Staff Report//May 8, 2020
Where appellants challenged a judgment in a dispute regarding distributions from a revocable trust, the trust indenture clearly established that there were only two primary beneficiaries at the time of the grantor’s death and both were entitled to demand annual distributions not to exceed 5 percent of their respective GST Exempt Trusts created by the trust indenture, and the judgment sufficiently disposed of the appellants’ argument regarding the removal of a trustee, but the court erroneously ordered the distribution of 5 percent of the aggregate values of their subject individual GST Exempt Trusts for the years at issue.
Judgment affirmed in part; remanded in part.
Arthaud v. Arthaud (MLW No. 75003/Case No. ED107988 – 13 pages) (Missouri Court of Appeals, Eastern District, Dolan, J.) Appealed from circuit court, Ralls County, Mobley, J. (Robert C. Colbert and Kayden K. Guymon for appellants) (John B. Morthland for respondent).
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