Legal Opinion

Palmer K. Schreiber v. Christopher G. Kellogg

Court of Appeals for the Third Circuit

Decided March 17, 1995No. 94-1551PublishedCited by 14 opinions

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

  1. Salve Regina College v. RussellSupreme Court of the United States · 1991
  2. Commissioner v. Estate of BoschSupreme Court of the United States · 1967
  3. Solem v. StumesSupreme Court of the United States · 1984
  4. United States v. YazellSupreme Court of the United States · 1966
  5. Denise Bohus v. Stanley A. BeloffCourt of Appeals for the Third Circuit · 1991

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3Cited by14 opinions

  1. Finkel v. Polichuk (In re Polichuk)United States Bankruptcy Court, E.D. Pennsylvania · 2014
  2. Spencer v. Blanchard (In Re Blanchard)United States Bankruptcy Court, E.D. Pennsylvania · 1996
  3. Croge v. Katz (In Re Katz)United States Bankruptcy Court, E.D. Pennsylvania · 1996
  4. Schreiber v. KelloggDistrict Court, E.D. Pennsylvania · 1996
  5. LNC Investments, Inc. v. Democratic Republic of CongoDistrict Court, D. Delaware · 1999

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