Moon v. Lesikar
Texas Court of Appeals
230 S.W.3d 800 (Tex. App. 2007)
Relevant factsFree
Woodrow Lesikar established a revocable family trust naming himself and his son Woody (defendant) as co-trustees, with special trusts for his children Woody and Carolyn (plaintiff) to be funded only upon his death; an Amended Agreement later superseded the original trust but never mentioned certain Airport Stock that Lesikar had, before his death, arranged to sell to Woody for $2,000. After Lesikar died, Carolyn sued to challenge that stock sale as underpriced, and the trial court granted summary judgment for Woody.
IssueFree
Whether a contingent beneficiary whose interest has not yet vested has standing to challenge a transaction by the settlor of a revocable trust.