Wachovia Bank & Trust Co. v. Mills

This appeal presents three questions for determination.

1. Did the corporation, Steele’s Mills, have the right to make payment to the Steele’s Mills Foundation (a trust) as a part of the ordinary and necessary expense of carrying on its business ?

2. Is the trust instrument itself too vague and indefinite to be effective?

3. Does the judgment below properly construe said trust instrument and give to the Trustee correct instructions as to the administration and final distribution of the trust funds ?

The village of Steele’s Mills is somewhat isolated from other populous communities and constitutes…