Court Opinion

ID: 9695823
Source: CourtListenerOpinion
Date Created: 2023-08-25 18:29:58.195833+00
Date Added: 2024-06-11T18:20:16.815430
License: Public Domain

POMEROY, Justice
(dissenting).
The adjudication of the trial court sur the final account of the executor of the estate of Annie Mae Fisher, contains the following findings:
“On June 21, 1966, the Oxford Consumer Discount Company of North Philadelphia made a loan to Annie Mae Fisher in the amount of $4,224.00 repayable in 48 consecutive monthly installments. This loan was made to the decedent in her individual name and not as trustee even though the loan company, in its credit investigation, had knowledge that the property at issue was in her name as trustee. The proceeds of the loan were used, in part, to remove judgments against the property filed by three other lending organizations in the total amount of $1,919.18. These judgments were filed against Annie Mae Fisher as trustee and in one case against her as trustee and against Virginia McKeever as well.” (Emphasis added.)
While the appellant took an exception to the court’s conclusion that the assets of the trust could be reached by the Discount Company, she did not specifically except to the finding of fact above quoted that the loan proceeds were used to pay the judgment creditors and discharge the liens on the real estate which comprised the trust res, nor was this factual matter otherwise contested in the *703proceedings below. This unchallenged finding should, therefore, be accepted on appeal. My disagreement with the majority opinion is that it disregards this precept and makes a contrary finding of its own. See Estate of Banes, 461 Pa. 203, 336 A.2d 248 (1975).
In my view, accordingly, under the applicable law (which is stated correctly in the opinion of the court), the appellees have established Mrs. Fisher’s right to exoneration out of the trust assets and therefore their right to reach those assets to the extent of $1,919.18. 1 would therefore affirm the decree of the court below.