Court Cannot Judicially Terminate Testamentary Trust On Grounds That Primary Purposes Have Been Accomplished If Trust Calls for Termination At Stated Event

Date

1978

Journal Title

Journal ISSN

Volume Title

Publisher

Texas Tech Law Review

Abstract

Examines the Texas Supreme Court’s case Frost National Bank of San Antonio v. Newton. In Newton, the Court held that a trust may not be terminated by a judicial determination that its main purpose had been accomplished when the express terms of the trust “provide[d] for its termination upon the happening of specified events.”

Description

Keywords

Trust, Testamentary trust, Express termination, Frost National Bank of San Antonio v. Newton, Case note

Citation

9 Tex. Tech L. Rev. 748