Lawrence

FACTS

The Lawrence Family Trust dated January 28, 1976, as amended and restated in its entirety on January 8, 1993 (the trust) was established by Susan’s parents, Maxine and Harry. Maxine died on May 17, 1993. Following Maxine’s death, Harry, as the sole surviving trustee, subdivided the assets of the trust into Trust A, Trust B, and Trust C. Trust A was a revocable “survivor’s trust.” Trust B became an “irrevocable 1 unified credit ‘bypass trust.’” And Trust C became an irrevocable “QTIP marital trust.” Harry was the sole trustee of all three subtrusts. He was entitled to the entire net income from all three subtrusts for life. Susan was the remainder beneficiary of Trusts B and C and had been the remainder beneficiary of Trust A until Harry amended and restated Trust A to make his new wife, Zahide, the remainder beneficiary of Trust A. Maxine also created a will on January 8, 1993. In it, she left all of her clothing and jewelry to Susan. To Harry she left “household furniture, and furnishings, personal automobiles, and other tangible articles of a personal nature, . . . not otherwise specifically disposed of by this will or in any other manner . . . .” Harry and Maxine had a…