Court of Chancery of Delaware December 11, 2012, No. 16810-N-VCL (In re the Peierls Family Testamentary Trusts)

OPINION

LASTER, Vice Chancellor.

Current beneficiaries of seven testamentary trusts have petitioned for orders (i) *987approving the resignations of the individual trustees, (ii) confirming the appointment of Northern Trust Company of Delaware as the successor corporate trustee for each trust, (iii) determining that Delaware law governs the administration of each trust, (iv) confirming Delaware