Carpenter Foundation, Inc. v. Wilmington Trust Company

Wilmington Trust Company filed a petition requesting instructions from the Court of Chancery as to the proper distributees under a trust agreement between Robert R. M. Carpenter as Settlor and Petitioner as Trustee, dated September 22, 1930. The trust terminated on May 31, 1973 upon the death of the life tenant, Margaretta du-Pont Carpenter. Before distribution of the corpus, two children of the Settlor, R. R. M. Carpenter, Jr. and Irene Carpenter Draper, disclaimed their respective one-fourth interests in the estate. The petition requested that the Court determine whether the shares…