TRUST UNDER WILL OF AUGUSTUS T. ASHTON, DECEASED DATED JANUARY 20, 1950; PETITION OF: ELIZABETH A. REED
No. 203 EAL 2020
IN THE SUPREME COURT OF PENNSYLVANIA EASTERN DISTRICT
December 2, 2020
Petition for Allowance of Appeal from the Order of the Superior Court
PER CURIAM
AND NOW, this 2nd day of December, 2020, the Petition for Allowance of Appeal is GRANTED. The issue, as stated by petitioner, is:
Did the Superior Court err when it held that the equitable property interest in the trust res of a current vested beneficiary does not establish the beneficiary‘s automatic standing to raise issues with the Trustees’ breach of fiduciary duties to the Trust, but instead a court must evaluate each and every beneficiary‘s individualized financial loss to determine if it meets some unknown threshold sufficient to meet the “substantial, direct and immediate” test?