Floyd v. Floyd
Court of Appeals of South Carolina
1Opinion of the CourtAnderson, J.
Laurens Floyd, Jr. (Laurens) appeals a trial judge’s order awarding Anne Floyd (Anne) approximately $40,000 in attorney’s fees and removing him as trustee of a charitable remainder trust. We affirm. 1
FACTUAL/PROCEDURAL BACKGROUND
On December 1, 1999, Laurens W. Floyd, Sr. (Floyd Sr.) executed an amended and restated trust agreement establishing several trusts, including Trust A for the benefit of his wife, Anne. Trust A is a qualified terminable interest property trust, known as a Q-Tip trust. According to the trust agreement, Floyd Sr.’s houses and lots in Pawley’s Island, South Carolina and…
2Cases cited89 opinions
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- I'On, L.L.C. v. Town of Mt. PleasantSupreme Court of South Carolina · 2000
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