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Fridenberg Decision Brings New Reason to Pennsylvania Trust Law |
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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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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