Residuary beneficiary of trust may sue for losses

A private family foundation has been allowed to proceed with a suit to recover more than $1.1 million allegedly misappropriated by the trustee of a family trust that named the foundation as the residuary beneficiary of a woman’s wealth. A federal District Court in Alabama, applying Florida law, has allowed the Foundation to proceed on a series of theories. Robert M. Brewer, a business owner who built and operated a series of successful businesses, including the Best Inns motel chain, died in 2012, creating the Foundation in his will and leaving gifts to his wife and children. His wife Christine subsequently created a revocable trust that provided generously for family friends, the Hugginses...

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Residuary beneficiary of trust may sue for losses

Residuary beneficiary of trust may sue for losses