A contingent remainderman's interest under an irrevocable trust: More than a mere expectancy
By EsqSocial Corporation 01/05/21
A contingent equitable remainder-in-corpus incident to an ongoing irrevocable trust relationship is more than a mere expectancy. The holder of such a remainder will have the requisite standing to seek judicial enforcement of the trust’s terms and/or redress for breaches of trust. This is the case even when someone else is the current beneficiary. Here is why: When the trust became irrevocable, the holder received an enforceable present “vested” equitable property right in a contingent equitable...
By: Charles E. Rounds, Jr.