Reed v. South Carolina Nat. Bank, 0994
Decision Date | 18 May 1987 |
Docket Number | No. 0994,0994 |
Court | South Carolina Court of Appeals |
Parties | Elizabeth H. REED, Donald B. Reed, Philip C. Reed and Peter H. Reed, Appellants, v. SOUTH CAROLINA NATIONAL BANK, as Trustee; Kelly H. Reed, a minor of the age of fourteen years; Laura H. Reed, a minor under the age of fourteen years; Jessica E. Reed, a minor under the age of fourteen years; Martha A. Reed, a minor under the age of fourteen years; and the unborn descendants of Donald B., Philip C., and Peter H. Reed, being designated collectively as John Doe, Respondents. . Heard |
Bowen, Smoot & Laughlin, Hilton Head Island, for appellants.
Bethea, Jordan & Griffin, Hilton Head Island, for respondents.
Beneficiaries, Elizabeth H. Reed, Donald B. Reed, Philip C. Reed, and Peter H. Reed, brought this action seeking a change in the corporate trustee of a trust executed by Franklin E. Reed in January of 1973. They now appeal a circuit court order granting summary judgment to respondent-corporate trustee, South Carolina National Bank (SCNB). The Reeds also appeal the circuit court's order denying their motion to amend their complaint. We affirm.
Under the terms of this trust, Elizabeth Reed and the Bank of Beaufort were co-trustees. Subsequently, the Bank of Beaufort merged into the South Carolina National Bank and, under the terms of the trust SCNB became co-trustee with Elizabeth Reed. The trust is not included in the record. However, the trial judge's order contains the following language from the trust:
whenever said Bank [of Beaufort] is named in this my Last Will and Testament, it shall be deemed to include any bank or trust company with which it may hereafter be merged or consolidated.
This action was brought in June of 1985 to substitute Hilton Head Bank & Trust as the corporate trustee. The complaint alleged no improprieties by SCNB, but merely alleged the best interests of the beneficiaries would be served by substitution of Hilton Head Bank & Trust as co-trustee.
The record reveals George Strickland, a loan officer formerly with the Bank of Beaufort, developed a close friendship with Elizabeth Reed as her financial advisor. Strickland now works with Hilton Head Bank & Trust. The complaint alleges Reed's best interest would be served if the "long standing relationship with ... Strickland as trustee and financial advisor ..." is preserved.
In April of 1986, SCNB moved for summary judgment. In June of 1986, the Reeds moved to amend the complaint. The trial court denied the motion to amend the complaint and granted the motion for summary judgment.
We first address whether the trial court erred in denying the motion to amend the complaint. A motion to amend a pleading is a matter within the discretion of the...
To continue reading
Request your trial-
Blackmon v. Weaver, 4030.
...fault, the court will not remove a personal representative simply because the parties do not get along. Reed v. South Carolina Nat'l Bank, 293 S.C. 357, 360 S.E.2d 527 (Ct.App.1987) (discussing a trustee rather than a personal representative). Therefore, we find the trial court erred in ord......
-
Hardee v. Bruce Johnson Trucking Co., 0989
... ... Court of Appeals of South Carolina ... Heard May 18, 1987 ... Decided ... ...