Bassell v. Caywood

66 L.R.A. 880, 46 S.E. 159, 54 W. Va. 241, 1903 W. Va. LEXIS 117
West Virginia Supreme Court·Decided November 28, 1903·Published·Cited by 5 cases

Opinion

Dent, Judge:

“This is an appeal from a decree of the circuit court of Harrison county, passed at the May term, 1903, in favor of the ap-pellee John Bassell, against the appellant, John G. Caywood, sequestering part of the surplus funds arising from the sale of a house and lot in Clarksburg upon which two deeds of trust has been given by Alfred Caywood and wife (he being the father of appellant, John G. Caywood) to secure two debts to a creditor, Mrs. DeHass. One of the trusts was made on November 29, 1892, and the other on May 4, 1896, by Alfred Caywood and wife, and Alfred Caywood and his wife died in February, 1899, leaving the deeds of trust unsatisfied. On the 29th day of November, 1902, Edwin Maxwell, who was trustee in the deed of trust of May 4th, 1896, and who had been appointed trustee in place of Mr. Clifford, who had died, to execute the trust of November 29, 1892, sold the property in the manner provided by law and appellee became the purchaser at the price of five thousand five hundred and one dollars, of which sum he paid to the trustee, Maxwell, two thousand and nine and 73-100 dollars, being the amount of the two deeds of trust plus the cost, commissions and other expenses of sale leaving an unpaid banance or surplus of three thousand five hundred and ninety-one and 26-100 dollars, for which appellee gave his notes, with personal security, payable .in one and two years from [243] dato of sale. John G. Caywood, at the time of the sale, and prior thereto, was married, his wife being the defendant, Rosa C. Caywood. The appellant, John G. Caywood, was and still is in bad health, and tire chancees all seemed, at the date of the sale, and still seem, to favor the death of appellant prior to the death of his wife, and as she, immediately after the sale, announced pretty emphatically that, should she survive him, she would claim dower in the surplus proceeds and charge it upon the propety, appellee filed his bill, setting up, substantially, what has been previously stated, alleging that defendant Rosa C. Caywood, would not, in the opinion of appellee, should she survive her husband, be entitled to take dower in the surplus proceeds and charge the value of it upon the lot, notwithstanding the decision in Holden v. Boggess, 20 W. Va. 62, and appellee prayed by his bill that the present value of the dower of Rosa C. Caywood, assuming that her husband was then dead, should be isecured, set apart or sequestered, during the life of appellant, so as to exonerate the property sold in the event the husband should die first. The appellant, John G. Caywood, by counsel, entered his demurrer to the bill, which was overruled by the court, and the defendants thereupon waived the right to answer, and the cause was submitted upon the bill taken for confessed, and the court, upon hearing, passed a decree directing that appellee should pay the receiver of the court the sum of seven hundred and thirty-nine and 37-100 dollars as the cash value of the dower of Rosa C. Caywood, assuming her husband to be then dead, or that he would die upon the day after the date of the decree, and the court further directed that the fund should be held by the receiver during the life of John G. Cay-wood unless his wife, Rosa C., should sooner die, in which event the fund was then to be paid to him, and in the event she survived him, the principal, or rather, so much thereof as might then be equivalent of the cash value of her dower in the proceeds of sale, should be paid to her, and, in the meantime and during the joint lives of John G. and Rosa C. Caywood the interest upon the fund was to be paid to him, and from this decree John G.. Caywood has appealed. The decree also provided that when such sum should be paid by appellee, he should be entitled to credit for it upon his second note given to the trustee, the firgt pote having been paid,”

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Bassell v. Caywood, 66 L.R.A. 880, 46 S.E. 159, 54 W. Va. 241, 1903 W. Va. LEXIS 117 (W. Va. 1903).

66 L.R.A. 880 (Bassell v. Caywood) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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