Court Can’t Limit Use of Trust Income To Coverage of Deficits at Hospital
Trial court sought to assure income would be used only for local hospital after its inclusion in larger system
When a bank trustee asked for guidance on how to distribute income from eight testamentary trusts left for the benefit of Bloomsburg Hospital in Pennsylvania, there wasn’t much debate about authorizing continued use of the trust income for the Hospital, even though the Hospital had been absorbed within a large regional healthcare system.
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