First Tennessee Bank, N.A. (“the Trustee”) is the trustee of a testamentary trust established under the will of Steve Woodward (“the Deceased”) for the benefit of his son, Jeffrey Clinton Woodward (“the Son”). Steve Woodward died in 2005. The Deceased’s will (“the Will”) provides that at his death a trust was to be created for the benefit of the Son. The Son is to receive a monthly payment from the trust and, at age 50, the Son is to receive the corpus of the trust. The Deceased’s brother, Harold Woodward (“the Brother”), is the recipient under the Will of “all of the property that would make up my residual estate and not named herein. . . .” The trust was created and payments were being made to the Son until he died in 2009 at the age of 33. The Trustee filed this action asking the court to determine its obligations as trustee with respect to the corpus of the trust. The suit named all parties with a possible interest in the outcome as defendants, including the Son’s estranged wife, Andrea Woodward (“the Wife”). The trial court ordered the Trustee to distribute the corpus of the trust to the Brother. The Wife appeals. We reverse.
Case Number
E2011-00599-COA-R3-CV
Originating Judge
Chancellor Daryl R. Fansler
Case Name
First Tennessee Bank N.A. v. Harold Woodward et al.
Date Filed
Dissent or Concur
No
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