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Trustee Can Sell Real Estate and Designate Proceeds as Principal

Published: February 22, 2023

In In re John O. Yates Trust, trustee filed suit to obtain declarations on whether it could sell certain real estate held in the trust, whether proceeds should be designated as principal. Trial court agreed but beneficiary appealed.

Source: natlawreview.com

Court Construes A Trust To Allow A Trustee To Sell Real Estate And To Consider The Proceeds As Principal Of The Trust | Winstead PC

Published: February 21, 2023

In In re John O. Yates Trust, a trustee of a trust filed suit to obtain declarations on whether it could sell certain real estate held in the trust, and if so, whether the proceeds...

Source: jdsupra.com