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VERENES v. ALVANOS

No. 26780.

387 S.C. 11 (2010)

690 S.E.2d 771

James L. VERENES, as Successor Trustee of the Charitable Remainder Unitrust Under Agreement with Houndslake Country Club, Inc., dated July 25, 2000, Respondent, v. Nicholas L. ALVANOS, individually and as Former Trustee of the Charitable Remainder Unitrust Under Agreement with Houndslake Country Club, Inc., dated July 25, 2000, Appellant, v. Robert C. Penland, Third-Party Defendant.

Supreme Court of South Carolina.

Decided March 1, 2010.

Rehearing Denied April 7, 2010.

Attorney(s) appearing for the Case

Warren C. Powell, Jr. and William D. Britt, Jr., both of Bruner, Powell, Robbins, Wall & Mullins, of Columbia, for Appellant.

B. Michael Brackett, of Moses, Koon & Brackett, of Columbia, for Respondent.

Chief Justice TOAL.

This Court certified this case for review pursuant to Rule 204(b), SCACR.

FACTS/PROCEDURAL HISTORY

By instrument executed August 2, 2000, HCC Investments, Inc.1 (HCC) established a charitable remainder unitrust (Trust) between itself, as grantor, and Nicholas L. Alvanos (Appellant), as trustee. At the time the Trust was established, third-party defendant...

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