In re Meyer Family Revocable Trust

CourtCourt of Appeals of Iowa
DecidedSeptember 4, 2025
Docket24-1247
StatusPublished

This text of In re Meyer Family Revocable Trust (In re Meyer Family Revocable Trust) is published on Counsel Stack Legal Research, covering Court of Appeals of Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In re Meyer Family Revocable Trust, (iowactapp 2025).

Opinion

IN THE COURT OF APPEALS OF IOWA

No. 24-1247 Filed September 4, 2025

IN THE MATTER OF THE MEYERS FAMILY REVOCABLE TRUST

CARL GORMAN MEYERS and TERESA RENEE WOODLEY, Appellants.

________________________________________________________________

Appeal from the Iowa District Court for Lee (North) County,

Clinton R. Boddicker, Judge.

Potential beneficiaries of a trust appeal the district court’s order finding the

devise to one of the beneficiaries adeemed. AFFIRMED AS MODIFIED.

Ryan D. Gerling of Cray Law Firm, PLC, Burlington, for appellants.

Timothy B. Gulbranson and Jenny L. Juehring of Lane & Waterman LLP,

Davenport, for appellee.

Considered by Ahlers, P.J., and Badding and Buller, JJ. 2

AHLERS, Presiding Judge.

This case is before us a second time. Siblings Teresa Woodley, Lora

Hickey, and Carl Meyers disagree about how assets from The Meyers Family

Revocable Trust (the Trust)—a trust established by their parents, Cathy and Paul

Meyers—should be distributed.

I. Factual and Procedural Background

The underlying facts of this case are undisputed and were thoroughly

summarized the first time this case was before our court. See In re Meyers Fam.

Revocable Tr., No. 22-0866, 2023 WL 3335996, at *1–3 (Iowa Ct. App. May 10,

2023). So we will not repeat them, but we will highlight the important ones.

Paul and Cathy Meyers executed wills and the agreement creating the Trust

on the same day in 2012. At that time, Paul and his son Carl each owned fifty

percent of the shares of Meyers & James Construction Company, Inc. (the

Company). Paul and Cathy’s wills provided that all property each of them owned

when they died would pass to the Trust and be distributed in accordance with the

terms of the Trust agreement. In relevant part, the Trust agreement provides that,

after both Paul and Cathy’s deaths, “[a]ll right, title, and interest in and to [the

Company] shall be distributed to Carl Gorman Meyers if he is living at said time.”

All remaining assets are to be distributed in equal shares to the three children.

In 2017, Paul and Carl entered a stock purchase agreement (Purchase

Agreement) whereby Paul sold his shares of stock in the Company to Carl for

$374,449.90. To satisfy the purchase price, Carl immediately paid Paul

$50,616.56 and executed a promissory note payable to Paul for the balance of

$323,833.34 (the Note). To secure payment of the Note, Carl also executed a 3

security agreement giving Paul a security interest in “[a]ll of [Carl]’s right, title and

interest in [the Company].”

About three years after he sold his shares of the Company to Carl, Paul

died, and Cathy died a few months later. All their assets passed to the Trust. Paul

and Cathy’s three children became co-trustees of the Trust, but Lora eventually

resigned, leaving Carl and Teresa as co-trustees.

A dispute developed between the three siblings regarding Carl’s obligation

to pay the remaining balance on the Note to the Trust. Carl and Teresa took the

position that Carl had no such obligation, and Lora took the position that he did.

Due to the dispute, the Trust’s attorney filed an application invoking the court’s

jurisdiction. Shortly thereafter, Carl and Teresa, as co-trustees, executed a

document declaring that the Trust “shall not assert that any amounts are owed to

the Trust by [Carl] for Carl[’s] previous purchase of [the Company].” In response,

Lora filed a petition against Carl and Teresa alleging a breach of trust and unjust

enrichment. Lora also sought attorney’s fees.

Lora filed a motion for summary judgment. Even though Lora hadn’t argued

that the bequest of the interest in the Company adeemed because Paul (and, after

Paul’s death, the Trust) no longer owned any such interest, the district court

granted Lora’s motion based on ademption and awarded attorney fees. Carl

appealed. Our court reversed and remanded for further proceedings because the

district court granted summary judgment based on ademption, an issue not raised

in Lora’s motion for summary judgment. Id. at *4.

On remand, Lora filed an amended petition alleging “breach of trust—duty

of loyalty and impartiality” (count I), “breach of trust—objection to accounting” 4

(count II), “unjust enrichment” (count III), and requesting attorney fees. Then she

filed a motion for partial summary judgment in her favor on count I or, alternatively,

on count III, and on her request for attorney fees. This time Lora raised an

ademption argument supporting her motion.

The district court granted Lora’s motion, agreeing that the bequest to Carl

had adeemed, determined Carl and Teresa breached their fiduciary duties as co-

trustees by seeking to avoid Carl’s obligation to pay the Trust the balance of the

Note, removed Carl and Teresa as co-trustees, and ruled that Lora would be

awarded attorney fees payable by Carl and Teresa individually upon Lora’s

submission of an attorney fee affidavit. Following Lora’s submission of an attorney

fee affidavit, the court ordered Carl and Teresa to each pay Lora $19,133.43 in

attorney fees. Carl and Teresa appeal. Lora asks us to affirm and to order Carl

and Teresa to pay her appellate attorney fees.

II. Discussion

Carl and Teresa raise three issues on appeal. They contend: (1) the district

court erred in concluding that the bequest to Carl of “[a]ll right, title, and interest in

and to [the Company]” adeemed; (2) the district court erred in concluding that Carl

and Teresa breached their fiduciary duties by declining to enforce the Note; and

(3) the district court erred in its award of attorney fees to Lora. We address each

issue in turn.

A. Ademption

We review the district court’s grant of summary judgment for correction of

errors at law. Villarini v. Iowa City Cmty. Sch. Dist., 21 N.W.3d 129, 133

(Iowa 2025). Summary judgment is proper only when there are no genuine issues 5

of material fact and the moving party is entitled to judgment as a matter of law. Id.

In considering a motion for summary judgment, we view the facts in the light most

favorable to the nonmoving party, including giving the nonmoving party every

legitimate inference that can be drawn from the record. Id.

Resolution of the dispute in this case, of course, calls for us to address

whether the Trust’s provision devising the interest in the Company to Carl

adeemed. More specifically, we are called upon to determine whether the Note

and security interests that Paul received in exchange for selling his shares in the

Company amount to an interest in the Company that Carl is entitled to receive. If

not, then the provision of the Trust devising the interest in the Company adeemed.

If Carl receives the Note, it will effectively eliminate his obligation to pay the Trust

the remaining balance owed on the Note, resulting in the Trust not receiving the

balance of the Note to distribute equally to the three siblings.

“[W]e have defined ademption as ‘a taking away’ and generally use it to

refer to removing or eliminating a specific bequest from a will or trust before the

death of the testator.” In re Steinberg Fam. Living Tr., 894 N.W.2d 463, 465 n.1

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