Leeder v. Leeder

176 N.W.2d 262, 175 N.W.2d 262, 46 Wis. 2d 464, 1970 Wisc. LEXIS 1091
CourtWisconsin Supreme Court
DecidedMarch 31, 1970
Docket180
StatusPublished
Cited by8 cases

This text of 176 N.W.2d 262 (Leeder v. Leeder) is published on Counsel Stack Legal Research, covering Wisconsin Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Leeder v. Leeder, 176 N.W.2d 262, 175 N.W.2d 262, 46 Wis. 2d 464, 1970 Wisc. LEXIS 1091 (Wis. 1970).

Opinion

Hanley, J.

Although the appellant has appealed from the entire judgment, the only issue argued before this court concerns the propriety of the property division, alimony and attorney’s fees.

Property division.

As to the property division, it is the appellant’s contention that the trial court overvalued the total estate, thereby awarding an excessive amount to the respondent.

The family assets and liabilities are as follows:

Assets:

218 acres “home” farm @ $450 $ 98,110

37,500 97-acre Dunker farm

24,000 Livestock

19,000 Corn, oats, hay, straw

t 27,000 Machinery and equipment

2,335 P. C. A. stock

*467 Union Co-op (value not established)

Automobile (each has his own of comparable value)

Furniture & Household

Goods (Provision hereinafter made)

$207,945

162,880 Liabilities:

$ 45,065 Net Worth:

The court awarded 40 percent of the net worth ($18,026) to be paid to the respondent in eight annual installments.

The “home” farm consists of approximately 200 acres purchased from a Mr. and Mrs. Leonard R. Finn on March 1, 1961, and 18 acres purchased from Mr. and Mrs. Archie Denolf on July 11, 1966. The Finn property was composed of two parcels, one of which was approximately 120 acres, the other measuring 80 acres.

At the trial four witnesses testified as to the value of the “home” farm. Mr. Elmer Braun, a real estate broker who appeared on behalf of the appellant, appraised the 120-acre tract at $60,000; the 80-acre tract at $16,800 and the 18-acre tract at $5,400, making a total value of the “home” farm $82,200.

Appearing for the respondent were Messrs. James Skelly, Charles Hyne, and Leonard Finn. Mr. Skelly, a farmer and real estate broker, testified that the 218 acres were worth $109,000, while Mr. Hyne, who was also a real estate broker, appraised the 120-acre tract at $60,000 and the 80-acre tract at $24,000. He did not render an appraisal of the 18-acre Denolf tract. Finally, Mr. Finn, who had previous appraisal experience and was the former record titleholder of the “home” farm, *468 testified that the value of the entire “home” farm of 218 acres had a fair market value of $450 an acre.

The 97-acre tract valued by the trial court at $37,500 was purchased on a land contract from a Mrs. Edith Dunker on March 1, 1960, for $31,248. The court’s appraisal was somewhat higher than that of Messrs. Braun, Skelly and Hyne. Their appraisals were $28,000, $29,000 and $28,000, respectively. However, the trial court had before it the 1968 income tax returns of the appellant. The depreciation schedule on the exhibit showed improvements to the tenant house on the “Dunk-er” farm totaling $10,920, the bulk of which were made as late as 1967. There was also testimony that land values have increased since appellant purchased this land.

In an effort to establish the trial court’s overvaluation, the appellant attacks the competency and credibility of the respondent’s appraisers and calls this court’s attention to the fact that Mr. Skelly had no specialized training as an appraiser and had not considered the fact that the 80-acre tract had not been tiled. Appellant also points out that Mr. Skelly had not sold any nearby real estate in the last three years. There was a conflict in the testimony as to whether the 80-acre tract had been tiled. The former owner, Leonard Finn, testified that it was tiled.

Although the appellant’s position is that the trial court’s valuation of the realty is unsupported by credible evidence, it has long been the rule of this court that the division of property is within the discretion of the trial court and will not be upset unless shown to be an abuse of such discretion. Williams v. Williams (1969), 44 Wis. 2d 651, 171 N. W. 2d 902. An abuse of discretion arises when the trial court has made a mistake or error with respect to the facts upon which the division was made or when the division itself was, under the circumstances of the case, either excessive or inadequate. Lindahl v. *469 Lindahl (1968), 19 Wis. 2d 379, 390, 120 N. W. 2d 142, 121 N. W. 2d 286.

In the instant case, the trial court’s decision indicated it gave little credence to Mr. Braun’s testimony due to the circumstances surrounding his decision to make the appraisal. He had originally agreed to render an appraisal for the respondent but after much delay informed her that he preferred not to get involved. A short time later he agreed to make an appraisal for the appellant. The trial court also noted that, despite his testimony that land values were increasing, his appraisal was considerably lower than the property’s original cost, plus the improvements shown on the appellant’s 1968 tax return.

Under such circumstances, we think the trial court was justified in refusing to accept Braun’s appraisal. We find the trial court’s value of the real estate is not against the great weight and clear preponderance of the evidence.

In reference to the personal property of the parties, the trial court’s decision stated:

“The court is left with somewhat unusually limited proof of values from direct testimony, and must arrive at its figures from a composite of the evidence.”

None of the witnesses, other than Braun, appraised the livestock, machinery and equipment. The only other evidence as to the value of the livestock and grain consisted of a credit application which, after being signed in blank by the appellant, listed livestock at $33,010 and grain at $22,235. Although there was testimony that appellant signed the credit application in blank, Mr. George House, the manager of the credit agency, did testify on cross-examination that:

“As far as number of cattle, quantity of feed, and amount of liability I took Mr. Leeder’s figures.”

We think the loan application had sufficient probative value so as to be used by the trial court in arriving at *470 the composite figures of $24,000 for livestock and $19,000 for grain.

As to machinery and equipment, Braun’s appraisal of $17,000 is contrasted by the appellant’s 1968 income tax return, which listed their original cost at $36,155, $18,466 of which was purchased in 1967. Although original cost does not, except coincidentally, coincide with market value, it can serve as a starting point which, when used in conjunction with Braun’s $17,000 appraisal, justifies the trial court’s $27,000 figure. This court has several times held that in determining market value of property, the elements of cost and depreciation are proper factors for consideration. Superior Nursing Homes, Inc. v. Wausau (1968), 37 Wis. 2d 570, 575, 155 N. W. 2d 670.

Alimony and attorney’s fees.

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Cite This Page — Counsel Stack

Bluebook (online)
176 N.W.2d 262, 175 N.W.2d 262, 46 Wis. 2d 464, 1970 Wisc. LEXIS 1091, Counsel Stack Legal Research, https://law.counselstack.com/opinion/leeder-v-leeder-wis-1970.