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VOUK v. CHAPMAN

Docket No. 48978.

521 P.3d 712 (2022)

Pamela K. VOUK, Vondel Chapman, Jana L. Reed, Dewey L. Chapman, Brad L. Chapman, and Charles W. Chapman, as individuals and beneficiaries of the Chapman Family Multiple Power Liquidity Trust and Pamela K. Vouk and Vondel Chapman, as Trustees of the Chapman Family Multiple Power Liquidity Trust, Plaintiffs-Respondents, v. Wade CHAPMAN, as an individual, and as Trustee of the Chapman Family Multiple Power Liquidity Trust, Defendant-Appellant.

Supreme Court of Idaho, Boise, August 2022 Term.

Opinion Filed: December 7, 2022.

Attorney(s) appearing for the Case

Murray, Ziel & Johnston, Idaho Falls, for Appellant. Paul Ziel argued.

Parson Behle & Latimer, Idaho Falls, for Respondents. Slade Sokol argued.

This case involves a claim for breach of fiduciary duty arising out of a trustee's decision to retain the death benefit of a life insurance policy owned by a trust. Wade Chapman ("Wade") and his six siblings ("Siblings") are the children of Wilford ("Bill") Chapman. Bill had a life insurance policy for $7,000,000 that named the Chapman...

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