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SHELDEN v. TRUST CO. OF VIRGIN ISLANDS, LTD.

Civ. No. 78-1400.

535 F.Supp. 667 (1982)

Francis D. SHELDEN, as Settlor of the Francis D. Shelden Revocable Inter-vivos Trust, and L. Bennet Young, Esq., as Protector of the Trust, Plaintiffs, v. The TRUST COMPANY OF the VIRGIN ISLANDS, LTD., and Adam Starchild, Individually and as Director and Trustee, Defendants.

United States District Court, D. Puerto Rico.

April 6, 1982.

Attorney(s) appearing for the Case

Francisco M. Troncoso, Fiddler, González & Rodríguez, San Juan, P. R., for plaintiffs.

Harvey B. Nachman, Santurce, P. R., for defendants.

MEMORANDUM OPINION AND ORDER

CEREZO, District Judge.

On September 28, 1976 plaintiff Francis D. Shelden, as settlor, created a trust to be governed by the law of the British Virgin Islands known as the Francis D. Shelden Revocable Inter Vivos Trust. The trust deed established that all of the income from the trust would be distributed for the benefit of the settlor during his lifetime. Upon his death, the deed...

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