Manson v. Shepherd

*1247Opinion

BAMATTRE-MANOUKIAN, Acting P. J.

L INTRODUCTION

After the death of her husband, Maynard F. Manson, appellant Carol C. Manson became the sole trustee of the Maynard F. Manson and Carol C. Manson Revocable Living Trust (the Trust).1 In addition to being the trustee and the sole income beneficiary of the Trust, Carol is the president of the Trust’s primary asset, Wave Crest Development, Inc. (Wave Crest), and the chair of Wave Crest’s board of directors. The Trust owns 100 percent of Wave Crest’s shares, which Carol votes. During her administration of the Trust, Carol submitted a trustee’s…