Alabama Supreme Court hears dispute over private advisory committee and forfeiture clause in Banks estate At oral argument in Grant Banks v. Shannon Banks, counsel for the younger son argued that a will provision delegating disputes to a private advisory committee and a related forfeiture clause cannot strip a beneficiary of statutory rights to an inventory and accounting. Counsel for the executor defended the testators power to condition inheritances

The Alabama Supreme Court is faced with an unprecedented case that could redefine beneficiary rights in estate disputes, challenging the power of private advisory committees and forfeiture clauses.

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