Palmer K. Schreiber v. Christopher G. Kellogg
Court of Appeals for the Third Circuit
1Opinion of the Court
OPINION OF THE COURT
SCIRICA, Circuit Judge.
This diversity case requires us to interpret the scope of a purported spendthrift provision in a trust created in the early part of the century. In so doing, we face an issue of first impression under the laws of Pennsylvania and most other states: the applicability of section 157(c) of the Restatement (Second) of Trusts, which allows creditors to reach a spendthrift trust interest in limited circumstances. The district court found the trust contained a spendthrift provision protecting the interest of the beneficiary and that Pennsylvania courts…
2Cases cited40 opinions
- Salve Regina College v. RussellSupreme Court of the United States · 1991
- Commissioner v. Estate of BoschSupreme Court of the United States · 1967
- Solem v. StumesSupreme Court of the United States · 1984
- United States v. YazellSupreme Court of the United States · 1966
- Denise Bohus v. Stanley A. BeloffCourt of Appeals for the Third Circuit · 1991
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3Cited by14 opinions
- Finkel v. Polichuk (In re Polichuk)United States Bankruptcy Court, E.D. Pennsylvania · 2014
- Spencer v. Blanchard (In Re Blanchard)United States Bankruptcy Court, E.D. Pennsylvania · 1996
- Croge v. Katz (In Re Katz)United States Bankruptcy Court, E.D. Pennsylvania · 1996
- Schreiber v. KelloggDistrict Court, E.D. Pennsylvania · 1996
- LNC Investments, Inc. v. Democratic Republic of CongoDistrict Court, D. Delaware · 1999
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