Stubbs v. Wood

BLASS, Justice,

for the Court:

Robert Y. Wood, Jr., trustee of the Jane W. Stubbs-Kelley Trust, filed a complaint in the Chancery Court of Adams County to seek a determination of his obligations as Trustee. The complaint asked for a declaratory judgment determining that the trustee owed no duty of accounting to Jane Elizabeth Kelley Stubbs, Keene Richards Kelley and Palmer Kelley McCarter, beneficiaries of the trust and defendants.1 Jane Elizabeth Kelley Stubbs answered and counterclaimed alleging that Wood’s refusal to account constituted a breach of fiduciary duty. •

The trust was established…