Nos. 2006 CA 0741, 2006 CA 0742, 2005 CW 0887. December 28, 2006. Rehearing Denied January 31, 2007. Appeal from the Twenty-First Judicial District Court, Parish of Tangipahoa, No. 2001-003,363 and Probate No. 71,685, Ernest G. Drake, Jr., J. L. Kevin Coleman, Mandeville, for Appellants/Relators Joseph P. Mashburn and Don Mashburn, Co-Trustees and Managing Trustees of the Jack and Sadie Pugh Mashburn Marital Trust, and Joseph P. Mashburn and Richard A. Mashburn, in Their Capacity as the Co-Trustees
CIVIL ACTION NO. 07-6592 05-01-2012 UNITED STATE, EX REL. ROBYN WILLIAMS, Plaintiff-Relator, v. C. MARTIN COMPANY, INC. LAURA CRAIG, MEDLEY JARVIS INDUSTRIES, W. BEN MEDLEY and MICHAEL JARVIS Defendants JANE TRICHE MILAZZO SECTION: H JUDGE JANE TRICHE MILAZZO MAGISTRATE: 1 MAG. SALLY SHUSHAN ORDER AND REASONS Before the Court is Defendants', Michael Jarvis, W. Ben Medley and Medley Jarvis Industries, Inc. (collectively the "MJ Defendants"), Motion to Dismiss. (Doc. 57.) On January 27, 2012 the MJ
A. A trustee shall administer the trust solely in the interest of the beneficiary. B. When there is more than one beneficiary, a trustee shall administer the trust impartially, based on what is fair and reasonable to all of the beneficiaries, except to the extent that the trust instrument manifests an intention that the trustee shall or may favor one or more of the beneficiaries. La. R.S. § 9:2082 Acts 2001, No. 520, §1. Acts 2001, No. 520, §1.
A. The proper court may order the termination or modification of a trust, in whole or in part, if the continuance of the trust unchanged would defeat or substantially impair the purposes of the trust. In the event of termination of a trust under this Subsection, the proper court shall provide for the distribution of the trust property, including principal and undistributed income, to the beneficiaries in a manner that conforms as nearly as possible to the intention of the settlor. B. Except as otherwise
A beneficiary must be designated in the trust instrument, except as otherwise provided in this Code. The designation is sufficient if the identity of the beneficiary is objectively ascertainable solely from standards stated in the trust instrument. La. R.S. § 9:1802
A trustee is entitled to reasonable compensation from the trust estate for his services as trustee, unless the trust instrument provides otherwise or unless the trustee waives compensation. La. R.S. § 9:2181
A trustee is entitled to indemnity from the trust estate for expenses properly incurred by him in the administration of the trust, unless the trust instrument provides otherwise. La. R.S. § 9:2191
Except as otherwise provided by law or the trust instrument, the consent of all settlors, trustees, and beneficiaries shall not be effective to terminate the trust or any disposition in trust. La. R.S. § 9:2028 Acts 2015, No. 219, §1. Amended by Acts 2015, No. 219,s. 1, eff. 8/1/2015.
If a provision in the trust instrument is invalid for any reason, the intended trust does not fail, unless the invalid provision cannot be separated from the other provisions without defeating the purpose of the trust. La. R.S. § 9:2251