Opinion ID: 2041034
Heading Depth: 1
Heading Rank: 6

Heading: Division of Trust

Text: Finally, the Beneficiaries seek review of the denial of their request that the Trust be divided into separate shares. The Beneficiaries argue that they would be entitled to such relief if they can establish that Bank One failed to administer the Trust solely in the interest of the Beneficiaries and to treat multiple beneficiaries impartially as required by Ind. Code § 30-4-3-6. We find no authority for division of the Trust corpus under these circumstances. Neither the Trust instrument nor Indiana statutes make provision for such a division. Similarly, we find no Indiana cases suggesting that division of the corpus is an appropriate remedy for a breach of trust. Although we need not decide whether it is ever possible to split a trust in the manner that the Beneficiaries propose, we perceive no basis for doing so here. If Bank One breached its duties to the Beneficiaries, then a remedy for such a breach is already provided whether in the form of removal of Bank One as Trustee or money damages or both. If no breach is established, then there would appear to be no grounds upon which to divide the Trust. Accordingly, we hold the trial court properly granted summary judgment to Bank One on this issue.