Legal Opinion
KADISON, PHAELZER, WOODARD, QUINN & ROSSI v. Wilson
California Court of Appeal
Decided December 17, 1987No. G003794PublishedCited by 4 opinions
1Opinion of the Court
Opinion
SONENSHINE, J.
In this appeal we are asked to decide whether trust property is exempt from prejudgment attachment pursuant to Code of Civil Procedure section 483.010. 1 For the reasons discussed below, we conclude it is not.
I
Appellants Thomas Wilson and Marilyn Grandon are cotrustees of the testamentary trust of the estate of Huber Greer Wilson, their father. The principal asset of the trust is a parcel of real property located in Santa Ana, California valued at $10 million with a market rental value of $30,000 per month. The trustees retained Kadison, Pfaelzer, Woodard, Quinn & Rossi…
2Cases cited3 opinions
- Commissioner of Internal Revenue v. NubarCourt of Appeals for the Fourth Circuit · 1950
- Advance Transformer Co. v. Superior CourtCalifornia Court of Appeal · 1974
- Purdy v. Bank of America National Trust & Savings Ass'nCalifornia Supreme Court · 1935
3Cited by4 opinions
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- Naviscent, LLC v. OtteUnited States Bankruptcy Court, N.D. California · 2019
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