In re McKinney

OPINION BY

WECHT, J.:

We are called upon here to assess the interplay between the contemporary world of corporate banking and Pennsylvania’s law of trusts.

In this case, the settlors established trusts that lacked portability clauses.1 Nonetheless, Pennsylvania’s Probate, Estates, and Fiduciaries Code [“PEF Code”]2 was amended in 2006 to add a “no-fault” provision allowing a trustee to be changed due to “substantial change of circumstances.” 20 Pa.C.S.A. § 766(b)(4). Here, the question arises whether a family’s movement over time from northwestern Pennsylvania to the Tidewater region of…