Graham's Estate
Citations
- 218 Pa. 344
Syllabus
<p>Trusts and trustees — Mismanagement of trust estate — Liability of trustees —Misconduct of cotrustee.</p> <p>Where a testator appoints three trustees of his estate, and two of them permit their cotrustee to manage and control the estate, and die without any of the trust funds ever having been received by them, and it comes to light many years after their death that the third trustee had embezzled the trust money, in order to charge the estates of the earlier deceased trustees with the loss it must be made to appear that the devistavit occurred in their lifetime, and that their mismanagement and neglect contributed to the result.</p>
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- where there are two or more trustees, they constitute but one collective trustee whose powers, interest, and authority are equal and undivided; and, on the death of one of several co-trustees, the doctrine of survivorship applies
Source: CourtListener parenthetical corpus (CC0).
Judges: Brown, Elkin, Fell, Mestrezat, Mitchell, Potter, Stewart
Read full opinion on CourtListenerCited by
5 cases in this archive cite this case.
- Krumbine v. Lebanon County Tax Claim BureauSupreme Court of Pennsylvania· 1995-07-25· cited 17×
- Jackson v. JacksonAppellate Court of Illinois· 1951-04-24· cited 15×
- Trust CompaniesPennsylvania Department of Justice· 1923-01-11
- Elverson's EstatePhiladelphia County Orphans' Court· 1936-03-20
- Hammett's EstatePhiladelphia County Orphans' Court· 1944-06-16
Cites
1 case in this archive is cited by this case.
Sourced from CourtListener / Free Law Project (CC0).
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