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ESTATE OF SCHNEIDER

Docket No. 20281.

95 Cal.App.3d 55 (1979)

156 Cal. Rptr. 838

Estate of OSCAR KAIN SCHNEIDER, Deceased. BANK OF AMERICA, as Trustee, etc., Petitioner and Respondent, v. VITA A. GARRETT, Objector and Appellant.

Court of Appeals of California, Fourth District, Division Two.

July 17, 1979.

Attorney(s) appearing for the Case

COUNSEL

Charles W. Anshen for Objector and Appellant.

Erwin & Anderholt and David J. Erwin for Petitioner and Respondent.

OPINION

SCOVILLE, J.*

(1a) In this case we hold that a trustee of a testamentary trust having income producing assets must account for all gross income of the trust and not merely for net income.

(2a) We further hold that as to objecting income beneficiaries of the trust neither the doctrine of res judicata nor the statute of limitations is applicable.

STATEMENT...

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