Burch v. Dodge

Abbott, J.:

This is an appeal by Yvonne E. Burch from an order surcharging A. Glenn Sowders, Jr., as trustee, the amount of $8,207.19 and granting to Sowders a trustee fee in the amount of $5,000.

The surcharge arises out of Sowders’ admitted failure to invest trust assets that came into his possession as a trustee of the Howard M. Burch Trust No. 1. Sowders suggested to the court that a surcharge of 5 percent simple interest on $50,000 from November 24, 1974, to May 22, 1977, be imposed on him, and agreed that by using those figures his failure to invest the trust assets resulted in a loss of…