Cannady v. Price

Opinion by

Judge KAPELKE.

In this trust administration proceeding, respondents, Nancy Fay Cannady and Ryita Lynn Price, appeal from the trial court’s order requiring that certain fees and expenses of the trustees and their attorneys be allocated one-half to income and one-half to principal. We affirm.

Petitioner, Marie Cannady, is the life income beneficiary of the trust established by her husband, J.V. Cannady (settlor). Respondents are the settlor’s daughters and also the co-trustees and remaindermen of the trust.

Pursuant to the terms of the trust, respondents provided petitioner with interim…