Wright v. Trust Co. Bank of Northwest Georgia

Benham, Justice.

Appellant Alicia Cooper Wright, the beneficiary and co-trustee of a residual estate trust created by her father, sought the approval of the co-trustee, appellee Trust Company Bank, of her request to encroach into the trust principal in order that she might purchase her husband’s one-half interest in certain real estate jointly owned by appellant and her husband. When the remainder beneficiaries of the trust, appellant’s children, objected to the requested encroachment, Trust Company filed a petition in superior court seeking construction of the portions of the will…