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LORDI v. LORDI

443 Mass. 1006 (2005)

LAWRENCE J. LORDI & another, trustees, v. LAWRENCE J. LORDI & another, executors, & others.

Supreme Judicial Court of Massachusetts.

January 13, 2005.

Attorney(s) appearing for the Case

The case was submitted on briefs.

Laurie J. Hall & Joan Garrity Flynn for the plaintiffs.

The trustees of the Josephine J. Lordi Irrevocable Trust (irrevocable trust) commenced this action in the county court seeking reformation of the terms of a "split-dollar" life insurance agreement executed by Josephine J. Lordi (Mrs. Lordi) and the trustees. Pursuant to that agreement, the irrevocable trust purchased a $1,000,000 policy insuring Mrs. Lordi's life, and substantial premiums were paid by the irrevocable trust, directly or indirectly, with funds provided to the...

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