In re Trust Created by Fenske

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The Supreme Court affirmed the order of the county court denying the petition to remove a trustee filed by certain trust beneficiaries, holding that the beneficiaries failed to prove that the trustee's removal was not inconsistent with a material purpose of the trust.The trust beneficiaires in this case filed a petition to modify the trust to remove Elkhorn Valley Bank & Trust as trustee and approve Jennifer Lea Wilson as successor trustee. The county court issued a written order denying the petition to remove the Bank as trustee, determining that removal would be inconsistent with a material purpose of the trust. The Supreme Court affirmed, holding that removal was inconsistent with a material purpose of the trust, and therefore, the county court did not err in denying the beneficiaries' motion. View "In re Trust Created by Fenske" on Justia Law