Corman

BACKGROUND

The parties Roger William Corman1 was a successful and prolific filmmaker. His wife and business partner Julie Corman was a

Because the parties share the same surname, we refer to them by their first names. Roger William Corman and Roger M.

2 film producer. Roger W. and Julie (collectively, Parents)2 have four adult children: Sons Brian William Corman and Roger M. Corman (collectively, Sons) and daughters Catherine Corman and Mary Corman (collectively, Daughters). New Horizons Picture Corporation (New Horizons) is a California corporation owned by the Parents, through which the Parents distributed Roger W.’s films. The Sons are the appellants in these appeals. The Parents, Daughters, and New Horizons are respondents. The trusts The Parents established and funded seven irrevocable trusts for the benefit of the Sons and Daughters: the Pacific Trust, the Tessa Trust, the MG Trust, and four Qualified Personal Residence Trusts (QPRTS). The Parents were the original trustees of all the trusts. Pacific Trust The Goldman Sachs Trust Company, N.A. (Goldman Sachs), is the current trustee and successor trustee of the Pacific Trust, following Roger W.’s and Julie’s…