Babbitt v. Superior Court of Los Angeles County

Opinion

SEGAL, J.—

INTRODUCTION

In Estate of Giraldin (2012) 55 Cal.4th 1058 [150 Cal.Rptr.3d 205, 290 P.3d 199] (Giraldin) the California Supreme Court held that when the settlor of a revocable trust appoints, during Ms lifetime, “ ‘someone other than himself to act as trustee, once the settlor dies and the trust becomes irrevocable,’ ” the remainder beneficiaries “ ‘have standing to sue the trustee for breaches of fiduciary duty committed during the period of revocability.’ ” (Id. at pp. 1065-1066, 1068.) This standing gives the beneficiaries the right to demand an accounting and information…