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ESTATE OF BEACH

Docket No. S.F. 23224.

15 Cal.3d 623 (1975)

542 P.2d 994

125 Cal. Rptr. 570

Estate of SETH G. BEACH, Deceased. BANK OF CALIFORNIA, as Executor, etc., Petitioner and Respondent, v. JOETTE BEACH CARTER et al., Objectors and Appellants.

Supreme Court of California. In Bank.

December 1, 1975.

Attorney(s) appearing for the Case

COUNSEL

George M. McClarrinon for Objectors and Appellants.

Cushing, Cullinan, Hancock & Rothert, Vincent Cullinan and Lawrence W. Thorpe for Petitioner and Respondent.

McCutchen, Doyle, Brown & Enersen, Brent M. Abel, Robert A. Mills and James C. Fowler as Amici Curiae on behalf of Petitioner and Respondent.

OPINION

WRIGHT, C.J.

Seth G. Beach died on August 4, 1968, leaving an estate valued at over $2.4 million. His will, after making a number of smaller dispositions, placed the bulk of his estate in a testamentary trust for the benefit of his four children and named the Bank of California as both executor and trustee. The estate included 27,700 shares of Reserve Oil and Gas Company (Reserve) common stock appraised at $391,262.50, or...

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