Aimone v. Aimone
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The Supreme Court affirmed in part and reversed in part the judgment of the district court in this dispute between the children and grandchildren of Martin and Gay Aimone regarding their inheritances and ownership interests in the family ranch, holding that the court erred in part.
In one appeal, the Aimones' surviving children (Chris and Colleen) challenged the district court's reformation of Gay's trust to reflect her intention that her surviving children and grandchildren be beneficiaries under the trust. In the second appeal, four of the Aimones' grandchildren (the Aimones brothers) argued that the district court improperly rejected their claims that Chris and Colleen violated their fiduciary obligations as the manager of one of the Aimone entities and as trustee of the trust. The Supreme Court (1) affirmed the district court's ruling in the first appeal concerning the intention of the trust; but (2) reversed the ruling in the second appeal, holding that Chris breached her fiduciary duties to the Aimone entity and should be removed as manager and that Colleen breached her fiduciary duties to Gay's trust, but damages were not proven to a reasonable degree of certainty.
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