First National Bank of Catawba County v. Edens

HEDRICK, Judge.

Plaintiff assigns as error the court’s ruling that the terms of the Christine M. Geitner testamentary trust gave defendant trustees sole discretion, and the right to exercise such discretion, in determining whether to contribute to the support of David R. Geitner. Plaintiff argues that the trust’s terms require defendants to make a contribution from the testamentary trust whenever the income from the guardianship account is not sufficient to pay for David R. Geitner’s support for the relevant year.

The powers of a trustee are either mandatory or discretionary. A power is…