Verenes v. Alvanos

This Court certified this case for review pursuant to Rule 204(b), SCACR.

Facts/Procedural History

By instrument executed August 2, 2000, HCC Investments, Inc. 1 (HCC) established a charitable remainder unitrust (Trust) between itself, as grantor, and Nicholas L. Alvanos (Appellant), as trustee. At the time the Trust was established, third-party defendant Robert C. Penland (Penland) was President of HCC and signed the Trust documents in that capacity. Penland was also a beneficiary of the Trust. On May 3, 2005, HCC petitioned the Aiken County Probate Court for an order removing Appellant as…