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VALENTINE v. READ

Docket No. A069821.

50 Cal.App.4th 787 (1996)

PETER VALENTINE et al., Plaintiffs and Respondents, v. ROD READ et al., Defendants and Appellants.

Court of Appeals of California, First District, Division Three.

November 1, 1996.

Attorney(s) appearing for the Case

COUNSEL

Larry D. Henson and Kathryn M. Murphy for Defendants and Appellants.

Nikolai Tehin and James J. O'Donnell for Plaintiffs and Respondents.

OPINION

PARRILLI, J.

In this case we consider some ramifications of the statutes governing creditors' claims against a deceased trust settlor, when neither probate nor trust creditor claims proceedings have been instituted. We conclude the statutory scheme protects the interests of creditors and trust beneficiaries, shields the trustee from liability to creditors for making trust distributions...

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