Downstream Investments, LLC v. Jay Krcmar as Guardian of the Estate and Person of Holly Latham Bonin

CourtTexas Court of Appeals, 3rd District (Austin)
DecidedMay 22, 2026
Docket03-24-00341-CV
StatusPublished

This text of Downstream Investments, LLC v. Jay Krcmar as Guardian of the Estate and Person of Holly Latham Bonin (Downstream Investments, LLC v. Jay Krcmar as Guardian of the Estate and Person of Holly Latham Bonin) is published on Counsel Stack Legal Research, covering Texas Court of Appeals, 3rd District (Austin) primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Downstream Investments, LLC v. Jay Krcmar as Guardian of the Estate and Person of Holly Latham Bonin, (Tex. Ct. App. 2026).

Opinion

TEXAS COURT OF APPEALS, THIRD DISTRICT, AT AUSTIN

NO. 03-24-00341-CV

Downstream Investments, LLC, Appellant

v.

Jay Krcmar as Guardian of The Estate and Person of Holly Latham Bonin, Appellee

FROM THE 421ST DISTRICT COURT OF CALDWELL COUNTY NO. 23-O-362, THE HONORABLE CHRIS SCHNEIDER, JUDGE PRESIDING

MEMORANDUM OPINION

This appeal arises out of a canceled contract for the sale of land between a seller,

Holly Latham Bonin, and buyer, appellant Downstream Investments, LLC. Appellee Jay

Krcmar, as Guardian of the Estate and Person of Holly Latham Bonin, canceled the property sale

after his appointment as Bonin’s guardian.

Downstream sued Krcmar in his capacity as guardian, seeking specific

performance of the purchase contract. Krcmar filed a traditional motion for summary judgment,

asserting that he conclusively established all elements of the affirmative defense of mental

incapacity. The trial court granted the motion and ordered the contract void. Downstream

appeals. For the reasons explained below, we reverse the order granting summary judgment and

remand the case to the trial court for further proceedings. BACKGROUND 1

Bonin owns a 95-acre property in rural Caldwell County, Texas (“Property”).

The Property is composed of 4 parcels and a two-story house that had been purchased by Bonin

and her late husband Wayne Latham. According to Krcmar, Bonin and Latham had lived on the

Property since 1992. Krcmar is Bonin’s son. Bonin remarried and was living on the Property

with her current husband, Bobby Bonin, at the time of the events giving rise to this suit. 2

In 2022, Bonin was sixty-two years old and had several serious health conditions

and significant physical disabilities, including bilateral below-the-knee amputations. On

April 12, 2022, she suffered her second major ischemic stroke. According to her medical records

from the inpatient-rehabilitation facility where she was admitted on April 20, 2022, she had “a

history of diabetes mellitus, hypertension, hyperlipidemia, peripheral artery disease with history

of bilateral below-knee amputations, ischemic stroke in the past with residual right hemiparesis,

paroxysmal atrial fibrillation for which she is status post a watchman procedure and also has

history of GI bleed.” She also has chronic kidney disease. The same medical record assessing

her status on admittance stated that Bonin’s “imaging revealed multiple bilateral small ischemic

infarcts.” Her “[s]trokes were felt to be embolic” and “[t]here was no clear source of

thrombosis,” meaning the blood clots causing the strokes traveled from elsewhere in the body, as

opposed to their being caused by a blockage in the brain.

Her initial assessment by the speech-language pathologist at the rehabilitation

hospital concluded that the impairment of her attention and concentration was moderate (“unable

1The facts in this section are derived from the parties’ pleadings and the summary- judgment evidence. We note those facts that are disputed. 2 For clarity, we refer to Bobby by his first name. 2 to focus for extended periods of time, needed more time to process information, and was easily

distracted”), the impairment of her memory and executive function was severe (“deficits in short-

term memory and working memory” and “deficits in adaptable thinking and planning and self-

monitoring”), and the impairment of her reasoning and problem-solving capabilities was

moderate to severe. In assessing her reasoning and problem-solving capabilities, the speech-

language pathologist concluded “patient is unable to identify problems in everyday situations as

well as strategize potential solutions, execute and then evaluate results of those solutions. There

are deficits in judgement for safety and decision-making and patient is unable to manage

personal finances or medications.” The speech-language pathologist performed the Montreal

Cognitive Assessment (MoCA) on Bonin, who scored 7 points out of a 30-point maximum. 3

The speech-language pathologist also assessed Bonin’s speech impairments and “severe

cognitive impairment” as follows:

These deficits impact the patient’s ability to communicate effectively with friends, family, and healthcare providers and others, maintain a reasonable attention span, remember daily life events, and impede her ability to make decisions. Her current deficits could worsen over time and may negatively impact the patient’s interpersonal interactions and social relationships, ability to communicate personal information and medical needs in emergency situations, family or household tasks and roles, and safely complete activities of daily living.

Bonin was discharged from the rehabilitation hospital to return home with Bobby

on May 12, 2022. The discharge records state that she had “progressed well and is discharging

home with outpatient therapy” for rehabilitation. However, the records also indicate that she still

required assistance in varying degrees for many self-care functions (including bathing, toileting,

3 Krcmar argues, and Downstream does not appear to dispute, that “[i]t is widely accepted that a ‘normal’ cognitive score under MoCA requires at lease a twenty-six (26) out of the possible thirty (30).” 3 and dressing) and for most functional-mobility tasks, although the records state she was

“Independent/Modified Independent” for use of her wheelchair.

In mid-October 2022, Bonin and Bobby met with Kathy Blanchard, a licensed

real-estate agent, to list the Property for sale. According to Blanchard’s affidavit testimony,

Bonin told her that she wanted to sell the Property so that she and her husband could buy a

handicapped-accessible home. Blanchard attested that after receiving several offers on the

Property that she presented to Bonin, Bonin chose Downstream’s offer because it was a cash

offer that would close quickly. On November 5, 2022, Bonin and Downstream executed a form

Farm and Ranch Contract in which Bonin agreed to sell the Property to Downstream for

$1,425,000 (“Contract”). Blanchard attested that she went through the Contract with Bonin in

person, paragraph by paragraph, before Bonin signed it, and as they went through each

paragraph, Bonin stated that she understood it.

Blanchard attested that she showed Bonin six homes after the Contract was

signed, and that at each showing, Bonin considered whether the house had adequate

handicapped-accessibility features and whether she could maneuver around the house.

Blanchard also attested that during her numerous meetings and phone calls with Bonin, Bonin

“talked knowledgeably about selling her land and about what she wanted in another home” and

that Blanchard “had no indication that Ms. Bonin suffered from any mental impairment.”

The sale was originally set to close on December 9, 2022. On December 6, 2022,

the County Court of Caldwell County heard Krcmar’s application to be appointed temporary

guardian of Bonin’s person and estate. Bonin testified at this hearing. On December 7, 2022,

the county court appointed Krcmar as Bonin’s temporary guardian. On December 20, 2022, in

4 reliance on the order granting Krcmar temporary guardianship, Krcmar’s counsel informed

Downstream “that the proposed closing on December 22, 2022 is cancelled and will not occur.”

Two neurologists subsequently conducted physical and cognitive evaluations of

Bonin. On December 21, 2022, Neeraj Manchanda, M.D., completed a “Physician’s Certificate

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Downstream Investments, LLC v. Jay Krcmar as Guardian of the Estate and Person of Holly Latham Bonin, Counsel Stack Legal Research, https://law.counselstack.com/opinion/downstream-investments-llc-v-jay-krcmar-as-guardian-of-the-estate-and-txctapp3-2026.