Wilshire Credit Corp. v. Karlin

MEMORANDUM OPINION

WILLIAMS, District-Judge.

I

Presently before the Court are cross-motions for summary judgment. In ruling on the motions, the Court has considered the briefs of the parties, the arguments of counsel at a hearing in open court, and the entire record.

II

Allan and Mary Rozansky (hereinafter sometimes “the Rozanskys”, and “the set-tlors”) established a trust for the benefit of their two minor children on July 21, 1982. The children, and any other future lineal descendants of the Rozanskys, are the sole beneficiaries of the trust. The trustees are Stanley Karlin, a former neighbor of…