In Re the Trusteeship of Kenan

Sarah Graham Kenan was adjudged incompetent by the Superior Court of New Hanover County in May 1962. Her nephew, Frank H. Kenan, was appointed as trustee of her estate and person. Shortly after his appointment, he filed, in the Superior Court of New Hanover County, three verified petitions. These petitions sought judicial sanction for: (1) A proposed gift from the income to accrue to Mrs. Kenan’s estate during 1963; (2) a gift from the principal of her estate; and (3) a gift of Mrs. Kenan’s right for her life to the income derived from a trust created by her and the surrender of her right to…