In 1981, Byron and Muriel Grimm created a joint living trust, naming their children Carol McIndoe and Sharon Olivos as 40 percent beneficiaries each, with the remaining 20 percent of assets split among the grandchildren. After Byron's death in 1988, the original trust was divided into an amendable survivor's trust for Muriel and an exempt trust, which could not be amended or revoked. The purpose was to create so-called A-B trusts to take advantage of the federal estate tax exemption and the marital exemption for assets left to a surviving spouse. Purchase Bob Bruss reports online. Muriel amended her survivor's trust six times after Byron's death. The Fifth Amendment removed daughter Sharon as a beneficiary of widow Muriel's survivor's trust, giving her share to James McIndoe, Carol's husband. After suffering from Alzheimer's disease for many years, Muriel died in 2003. Sharon brought this lawsuit asserting Muriel executed the last two amendments to the living trust while incapacitate...
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