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Fridenberg Decision Brings New Reason to Pennsylvania Trust Law by Nancy Winkelman
Schnader Harrison Segal & Lewis LLP - Philadelphia Office
Mark T. Carlidge
Schnader Harrison Segal & Lewis LLP - Philadelphia Office
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September 17, 2009
Previously published on August 2009
On August 24, 2009, the Superior Court of Pennsylvania issued a major decision in the field of Pennsylvania trust law, holding in Estate of Anna E. Fridenberg, Deceased, that corporate fiduciaries are no longer bound by the long-discredited rule of Williamson's Estate, which had forbidden them from receiving compensation for services as a trustee in certain trusts created in the first half of the twentieth century or earlier.
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