David Broy v. Diane Broy

CourtMissouri Court of Appeals
DecidedJuly 30, 2024
DocketED111275
StatusPublished

This text of David Broy v. Diane Broy (David Broy v. Diane Broy) is published on Counsel Stack Legal Research, covering Missouri Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
David Broy v. Diane Broy, (Mo. Ct. App. 2024).

Opinion

In the Missouri Court of Appeals Eastern District DIVISION TWO DAVID BROY, ET AL., ) No. ED111275 ) Respondents, ) Appeal from the Circuit Court ) of St. Louis County ) 19SL-PR00146 v. ) ) DIANE BROY, ) Honorable Ellen Sue Levy ) Appellant. ) Filed: July 30, 2024

Introduction

Diane Broy appeals the trial court’s judgment entered in favor of her siblings, David

Broy and Lisa Lyon, awarding damages on their claim that Diane breached her fiduciary duties

as their mother’s attorney in fact pursuant to a durable power of attorney and granting their

request for a constructive trust. 1 We affirm in part and reverse in part the decision of the trial

court.

Factual Background

The facts which led to the underlying suit, as presented at trial and found by the trial

court in its judgment, are as follows: 2

1 Because the parties share a last name, we use their first names for brevity and to avoid confusion. No familiarity or disrespect is intended. 2 Diane does not challenge on appeal the trial court’s findings of material facts that led to the underlying suit. 1 Diane, David, and Lisa are the only three children of their mother (“Mother”). Following

the passing of the parties’ father and Mother’s husband in 2013, the parties began assisting

Mother with both personal and financial matters due to Mother’s deteriorating mental condition.

However, in April 2015, Diane took over sole management of Mother’s finances and expressed

to David and Lisa the need for Mother to sign a durable power of attorney. On July 9, 2015,

unbeknownst to David and Lisa, Mother executed a durable power of attorney (“DPOA”)

naming Diane as her attorney in fact. She also executed a beneficiary deed on her home naming

Diane, David, Lisa, and Lisa’s oldest son as equal beneficiaries. At that time, Mother had a valid

will and other previous beneficiary designations in place naming Diane, David, and Lisa as equal

beneficiaries of her estate.

Prior to the execution of the DPOA, Diane assisted Mother with making certain changes

to various banking accounts, including executing a new transfer upon death beneficiary

application for an account with Wells Fargo and adding Diane as a co-owner to a US Bank

money market account. The Wells Fargo beneficiary application altered the percentages of the

transfer upon death apportionments from equal divisions of 33.33% per child, to 34% for Diane

and 33% each for David and Lisa. At that time, Mother also received an inheritance of

approximately $300,000; Mother stated her intention to distribute some portion of the inheritance

equally to each of her children. Accordingly, David took Mother to the bank to facilitate the

transfer; Mother transferred $50,000 to David at that time and left instructions that Diane and

Lisa were also to receive $50,000 each. Diane was upset with David for taking Mother to the

bank and very shortly after scheduled the appointment to execute the DPOA.

By spring of 2016, Mother’s health was continuing to decline, requiring multiple

hospitalizations. In September, Diane took Mother to Commerce Bank to open a new money

2 market account with Diane listed as the primary owner and tax identification contact, and Mother

listed as a joint owner. The initial deposit was $83,161.14, which constituted the final

distribution of the inheritance Mother had received the year before.

In October 2016, a deposit of $70,000 was made into the new Commerce Bank money

market account. The deposit was made via a cashier’s check from Mother’s US Bank money

market account. In November 2016, another deposit of $7,343.60 was made, the proceeds of

which originated from Mother’s retirement assets payout from Wells Fargo.

On May 23, 2017, Diane transferred $36,000 from the Commerce Bank money market

account to her personal account at Commerce Bank. On August 4, 2017, Diane transferred an

additional $41,000 from the Commerce Bank money market account to her personal account.

In September 2017, Mother suffered a brain bleed and was placed on life support. After

consulting with doctors, the parties decided to remove Mother from life support on October 2,

2017. Diane requested that they remove the life support at noon that day, as she needed to “run

errands” first. That morning, prior to Mother’s death, Diane transferred $70,000 from the Wells

Fargo account into the Commerce Bank money market account. Diane also deposited dividend

checks equaling a total of $156.70 into the Commerce Bank money market account.

Following her death, Mother’s will, which directed that her estate was to be distributed

equally among her children, was never probated at the direct request of Diane. However, Diane

frequently expressed to her siblings that she intended to equalize Mother’s accounts, including

the Commerce Bank money market account—in accordance with Mother’s wishes—once

Mother’s outstanding debts were paid and each of the children were reimbursed for any expenses

they had previously covered. After Diane repeatedly failed to make good on her assurances,

David and Lisa filed a petition for an accounting in January 2019, and an amended petition in

3 June 2020 alleging breach of fiduciary duty for self-dealing and failing to maintain Mother’s

estate plan, as well as unjust enrichment, for which they sought a constructive trust.

At trial, Diane testified in her defense that her actions were authorized under the DPOA

and that the transfers made from the Commerce Bank money market account to her personal

accounts in May, August, and October 2017 were reimbursements for loans, expenses and

caregiving services rendered. While Diane testified that her mother had intended that Diane be

paid for her caregiving, Diane presented no contract or other evidence proving such an

agreement. Diane testified that she was aware that Mother wanted her estate to be split equally

among the children and that Diane always intended to equalize any remaining assets after the

accounts had been reconciled, but that the siblings were unable to agree upon a time to meet in

order to do so. Alternatively, David and Lisa testified that Diane refused to provide them with

any documents related to Mother’s accounts, investments, tax information, debt, etc. Diane

testified that she retained counsel after David threatened to file criminal charges against her, and

that she had previously been instructed by counsel to keep the DPOA private from her siblings.

Diane admitted that she closed the Commerce Bank money market account and transferred the

money to another account in her name after David and Lisa subpoenaed the bank records.

Following a bench trial, the trial court found that Diane had breached her fiduciary duties

to Mother by engaging in self-dealing and failing to maintain Mother’s estate plan by improperly

commingling expenses and by removing and retaining sums of money from Mother’s accounts.

The court further found that Diane had failed to maintain Mother’s estate plan, as evidenced by

Mother’s will and other beneficiary provisions indicating Mother’s intent to distribute her estate

equally, and by Diane’s own admissions that she knew Mother wanted her estate to be divided

equally among the siblings. The trial court determined that David and Lisa were Mother’s

4 “successors in interest” as defined by Section 404.717.6, and that they had been damaged by

Diane’s willful misconduct. The trial court granted $40,992.06 in damages to David and

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Campbell v. Acuff-Rose Music, Inc.
510 U.S. 569 (Supreme Court, 1994)
State Ex Rel. Nixon v. Estes
108 S.W.3d 795 (Missouri Court of Appeals, 2003)
Ralls County Mutual Insurance Co. v. RCS Bank
314 S.W.3d 792 (Missouri Court of Appeals, 2010)
State v. Lancaster
506 S.W.2d 403 (Supreme Court of Missouri, 1974)
Brown v. Brown
152 S.W.3d 911 (Missouri Court of Appeals, 2005)
Shackelford v. Fifer
269 S.W.2d 30 (Supreme Court of Missouri, 1954)
Standard Operations, Inc. v. Montague
758 S.W.2d 442 (Supreme Court of Missouri, 1988)
Taylor-McDonald v. Taylor
245 S.W.3d 867 (Missouri Court of Appeals, 2008)
Vosburg v. Smith
272 S.W.2d 297 (Missouri Court of Appeals, 1954)
Murphy v. Carron
536 S.W.2d 30 (Supreme Court of Missouri, 1976)
Kieffer v. Kieffer
590 S.W.2d 915 (Supreme Court of Missouri, 1979)
Mid-America Television Co. v. State Tax Commission
652 S.W.2d 674 (Supreme Court of Missouri, 1983)
St. Louis County v. State Highway Commission
409 S.W.2d 149 (Supreme Court of Missouri, 1966)
Clippard v. Pfefferkorn
168 S.W.3d 616 (Missouri Court of Appeals, 2005)
Denbow v. State
309 S.W.3d 831 (Missouri Court of Appeals, 2010)
Robinson v. ADVANCE LOANS II, LLC
290 S.W.3d 751 (Missouri Court of Appeals, 2009)
Brinker Missouri, Inc. v. Director of Revenue
319 S.W.3d 433 (Supreme Court of Missouri, 2010)
OAK CREEK WHITETAIL RANCH, LLC v. Lange
326 S.W.3d 549 (Missouri Court of Appeals, 2010)
Antrim v. Wolken
228 S.W.3d 50 (Missouri Court of Appeals, 2007)
Ussher v. Mercantile Trust Co.
328 S.W.2d 699 (Supreme Court of Missouri, 1959)

Cite This Page — Counsel Stack

Bluebook (online)
David Broy v. Diane Broy, Counsel Stack Legal Research, https://law.counselstack.com/opinion/david-broy-v-diane-broy-moctapp-2024.