Jerry Cunningham, Of The Estate Of Iva Zan Thrall v. Eastman Credit Union

Excerpt

In this probate action, Iva Zan Thrall ("Decedent") had named the original respondent, Marion Dodd, as a payable-on-death ("POD") beneficiary on several of Decedent's bank accounts.1 The petitioner, Jerry Cunningham, acting as executor of Decedent's estate ("Executor"), initiated the instant action by filing a petition to enforce Decedent's last will and testament in the Sullivan County Chancery Court ("trial court"). Executor named as respondents Ms. Dodd and the two financial institutions where Decedent's accounts were maintained. Upon notice of Ms. Dodd's death, her estate ("the Dodd Estate") was subsequently substituted as a respondent. The two financial institutions were eventually dismissed from this action and are not participating in this appeal. Following a bench trial, the trial court determined that the Dodd Estate must provide to Executor all account funds that Ms. Dodd had received as a POD beneficiary. Following a review of Decedent's testamentary documents, including a codicil to her last will and testament, the trial court concluded by clear and convincing evidence that Decedent intended for Ms. Dodd, who had originally been named as executrix in the last will and testament, to act in a representative capacity with regard to the account funds. The trial court held that a constructive trust be imposed regarding the funds to give effect to Decedent's intent, which the court found to be the creation of "a resulting trust and/or implied trust" concerning the account funds. The effect of the constructive trust was that it dispossessed the account funds from the Dodd Estate and transferred those funds to Decedent's estate via Executor. The trial court further determined that the Dodd Estate would be unjustly enriched if the trial court did not impose equitable principles. The Dodd Estate has appealed. Because we are unable to ascertain whether the trial court's final order represents the independent judgment of the court, we vacate the order and remand for