In re George Parsons 1907 Trust
Supreme Judicial Court of Maine
1Dissent
HJELM, J.,
with whom JABAB, J., joins, dissenting.
[¶ 28] Today, the Court concludes that a trust beneficiary is not entitled to commence a cause of action arising from allegedly wrongful distributions of trust income made within the limitations period, so long as the trustees’ initial decision to begin those ongoing distributions is made outside the limitations period. Court’s Opinion ¶¶ 22, 27. In my view, this holding is contrary to established' Maine law and the principle that a trustee is bound by the highest ongoing fiduciary duties of good faith and loyalty to trust beneficiaries. I…
2Cases cited26 opinions
- Meinhard v. SalmonNew York Court of Appeals · 1928
- Tibble v. Edison Int'lSupreme Court of the United States · 2015
- Nevin v. Union Trust Co.Supreme Judicial Court of Maine · 1999
- WoodcockSupreme Judicial Court of Maine · 1907
- Bolton v. BoltonSupreme Judicial Court of Maine · 1882
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