Mellon Heiress's Estate Says PNC Botched $660M Trust Split

Law360 (April 28, 2020, 9:30 PM EDT) -- The estate of Pittsburgh billionaire Richard Mellon Scaife's late daughter says PNC Bank NA and the trustees handling $660 million of the family's money should have split her inheritance from her estranged brother's so she could leave it to charity, in a lawsuit filed Tuesday in Pennsylvania federal court.

The Florida-based Jennie K. Scaife Charitable Foundation and David Zywiec, representing Jennie Scaife's estate, say the trustees knew that Jennie intended for her half of the "grandchildren's trust" left to Jennie and her brother David to go to charity instead of her brother, and should have split them into separate trusts....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!