Bass v. Hoskins Plaintiffs contend the defendant-attorney should have discovered trustees’ wrongdoing when the attorney reviewed and revised trust documents for plaintiffs’ decedent in 2006.
In re Foster Where the beneficiary of the debtors’ life insurance policies is a trust, and where the trust authorizes payments to the unsecured creditors of the debtor-decedent - creditors who would otherwise have been barred from accessing such funds by the protection offered under N.C. Const. art. X, § 5 - such a trust is not for the “sole use and benefit” of the debtor’s spouse and children, as contemplated by art. X, § 5.
The court sustains the trustee’s objection to exemptions claimed in the debtors’ life insurance policies.
Taryn Roberts and her brother, Thomas J. Strahan, were beneficiaries under a trust created by their grandmother, Edwena Haber. The trust was split into two shares, one for the benefit of Taryn and her brother, the other for the benefit of their uncle, James M. “Jimmy” Strahan. Jimmy served as the trustee of both shares [...]
Hasselman v. Barnes. (Lawyers Weekly 10-07-0954, 5 pp.) (Donna S. Stroud, J.). Appealed from New Hanover County Superior Court (Jay D. Hockenbury, J.). N.C. App. Click here for the full text of the opinion. Holding: The trial court erred in granting partial summary judgment to the plaintiff because four beneficiaries whose interests will be affected by [...]