In re the Estate of Lunt

The executor of the estate of Caroline Lunt, who is also a trustee of the Caroline R. Lunt Trust (trust), commenced this action in the county court, seeking to reform the trust in order to permit the division of the trust into two or more subtrusts for the purpose of minimizing the consequences of the generation skipping transfer tax. The single justice reserved and reported the case to the full court.

As we have said before, this “would be a relatively innocuous change •— a type we have allowed on many occasions in the past. It would ‘neither changej] the identity of any beneficiary nor…