In the Matter of Thomas

WALSH, Judge.

This is an appeal from a Court of Chancery determination of self-dealing on the part of a trustee-remainderman with consequent limitation on the benefits to be realized by reason of such conflict.

The facts which underlie the controversy are not in serious dispute, although the parties contest the conclusions which may be drawn from them. On March 23, 1966, Emid A. Thomas (“trustor”) executed a will which included a testamentary trust with his wife as the income beneficiary and his four children as remaindermen. One of the remaindermen, James B. Thomas, (“James”) was also named as…