A woman has been allowed to remove PNC Bank as her trustee because her move away from Pennsylvania and a spate of corporate mergers were a "substantial change in circumstances" allowing her to switch trustees under the new no-fault provision in the probate code, the state Superior Court has ruled.
In taking the first crack at the new no-fault provision in Pennsylvania’s Probate, Estates and Fiduciaries Code, the Superior Court had to consider what is required of trusts’ beneficiaries who are trying remove a corporate entity as trustee.
