Trustee John A. Fripp and the minor children of Edward and Caroline Lovell sue Edward Lovell and trustee Bartholomew Carroll for mismanaging a trust estate. Before marrying Edward Lovell in 1835, Caroline Jenkins put her property, including seventeen slaves, in trust for herself and her husband, with remainder interest to their children. The trust deed allowed either trustee, with Edward Lovell's consent, to sell the trust property as long as the proceeds were reinvested in other property for the trust. After Caroline Lovell died, Fripp requested an account of the trust but "received no satisfaction" from the defendants. He alleges that Carroll and Lovell, both insolvent, have sold most of the property and have wasted most of the proceeds. Fripp fears that "if aid is not afforded by this Honorable Court to have the said property properly secured, the whole will be wasted and the said minors defeated in their rights." Fripp asks that Carroll be removed as trustee and that Lovell be ordered to compensate the children for wasting the trust property.
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Repository: South Carolina Department of Archives and History, Columbia, South Carolina
