In the Matter of the Irrevocable Trust of Mary Ruth Moeder Susan R. Moeder v. Salin Bank & Trust Company

BAILEY, Judge.

Case Summary

[1] Salin Bank and Trust Company (“Salin”), trustee of the Mary Ruth Moe-der Revocable Living Trust Agreement (the “Trust”), petitioned the probate court to approve an accounting of the Trust and to resign as trustee. Susan Moeder (“Moeder”), the former trustee and current contingent remainder beneficiary of the Trust, objected to the accounting and alleged that Salin had breached its fiduciary duties by imprudently administering the Trust in violation of the Indiana Uniform Prudent Investor Act. The probate court entered a judgment in favor of Salin and ordered that…