Getty v. Getty

Opinion

TAYLOR, P. J.

This is an appeal by Gordon Peter Getty (Gordon), one of the beneficiaries of an inter vivos spendthrift trust created in 1934, from a judgment in favor of his father, J. Paul Getty, the sole trustee and major income beneficiary of the trust, and the other beneficiaries. The case presents a question of first impression as to whether certain stock dividends 2 were properly allocated to the trust corpus; Gordon also asserts that the ratio of trust assets to which J. Paul Getty’s waiver of income applies 3 was 36 percent of the stock in the corpus of the trust rather than the…