Surcharge litigation plays a prominent role in this issue’s round-up of fiduciary cases, including those that illustrate the risks of discretionary distributions and delays in distributing assets. Trust terms can’t eliminate duty to act in good faith—In Martin v. Martin, 2012 Tex. App. LEXIS 2146 (Tex. App. 2012), the Texas Court of Appeals applied the well-established principle that trust terms can’t eliminate the duty of a trustee to act ...
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This flawless, 101.7-carat, pear-shaped diamond—one of the world’s largest —will go up for auction at Christie’s “Magnificent Jewels” sale in Geneva on May 15, 2013. How much will it sell for? Choose the correct answer and registered site users will be eligible to win a one-year subscription to Christie's Geneva Jewelry sales catalogue, courtesy of Christie's. 
