McEachin v. People's National Bank

87 S.W.2d 12, 191 Ark. 544, 1935 Ark. LEXIS 317
CourtSupreme Court of Arkansas
DecidedOctober 28, 1935
Docket4-4012
StatusPublished
Cited by2 cases

This text of 87 S.W.2d 12 (McEachin v. People's National Bank) is published on Counsel Stack Legal Research, covering Supreme Court of Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
McEachin v. People's National Bank, 87 S.W.2d 12, 191 Ark. 544, 1935 Ark. LEXIS 317 (Ark. 1935).

Opinion

Smith, J.

L. L. McEachin died testate September 26, 1933. Prior to his. death he had been engaged in business with his brother, G. C. McEachin, under the firm name of McEachin. & McEachin. By his will he bequeathed $100 to his son, and the remainder of his estate to his wife, Harriett A. McEachin, who ivas named sole executrix to serve without bond.

G-. C. McEachin, as surviving partner, proceeded to wind up the affairs of the partnership, which had accumulated a large quantity of material used by the partnership in the performance of construction contracts into which it had entered. The partnership also owned certain lots in North Little Rock, on which the partnership warehouse stood, and also had title to a twenty-acre tract of land.

Mrs. McEachin, the widow and legatee of L. L. Mc-Eachin, proposed to G. C. McEachin, who was then engaged in winding up the partnership affairs, that he make a price which he was willing to give or take for the partnership assets, and he fixed a price of $22,000. Mrs. McEachin elected to buy at that price, and she paid her brother-in-law $11,000 in cash, taking a bill-of-sale for all the personal property and a deed to the real estate. In each of these instruments there was a reservation of a lien upon the property sold to secure the remaining $11,-000 of purchase money.

On September 30, 1933, Mrs. McEachin filed in the probate court a petition for appointment of administrator cum testamento annexo, which recited that, under the will of petitioner’s husband, she had been appointed sole executrix without bond, but that she was unacquainted with the business operations of her deceased husband, “and that, since it will be necessary to wind up his said affairs as expeditiously and economically as possible, and reposing special confidence in the integrity and business ability of Louis Rosen, of Pulaski County, Arkansas, she believes, and therefore states, that it would be to the interest of the said estate and to the interest of her son, Leonard L. McEachin, Jr., and herself, who are the sole devisees under the will, and to whatever creditors there may be of said estate, for Louis Rosen,' a citizen and resident of Pulaski County, Arkansas, to be appointed administrator cum testamento annexo.”

Pursuant to the prayer of this petition Rosen was appointed administrator with the will annexed, but he resigned the appointment October 28, 1933.

On November 16, 1933, Mrs. McEachin filed another petition in the probate court, reciting the resignation of Rosen, and praying the appointment of the People’s Bank of Little Rock as administrator. The prayer of this petition was granted, and the bank proceeded, to make an inventory of all the assets of the estate, which was duly filed 12-22-1933. Among the assets listed was an “undivided % interest in partnership McEachin and McEachin, Contractors. ’ ’ An appraisement of the- estate was filed January 31, 1934.

G-. C. McEachin indorsed and delivered to the bank, as administrator, the purchase-money note which Mrs. McEachin had given him as surviving partner. This note was not paid at maturity, and this suit was brought by the bank, as administrator, to enforce payment and to subject to sale the property for which the note had been given. At the trial of this cause the writings above referred to were offered in evidence.

The administration of the estate by the bank appears to have been in charge of its president, who testified that “everything we did, or everything that we had done,- with reference to the estate in all the settlements were at her request and really advice.” That this was done because Mrs. McEachin was the sole beneficiary under the will with the exception of the hundred dollars’ bequest to her son, and that he had no knowledge that Mrs. McEachin would renounce the will and claim dower until she filed an answer to the suit against her on the note and a cross-complaint, in which she alleged her renunciation of the will and her election to take dower. This answer and cross-complaint was filed November 21, 1934, and makes profert of a deed which she had executed, as widow of' L. L. McEachin, to his only child, L. L. McEachin, Jr., in which she renounced all interest to any property devised to her, and declared her election to take dower under the statute. This deed was dated November 21, 1934, was filed for record on the same day, and recorded the following day.

It will be observed that this deed was executed more than twelve months after the death of McEachin, but within less than eighteen months after that event occurred. A large portion of the briefs of opposing counsel is devoted to a discussion of the question whether the renunciation of the will and the election to take under the statute was made within the time allowed by law to the widow for her election. Relating to this -subject, the question is discussed whether § 3527 or § 3542, Crawford & Moses ’ Digest, applies, the answer thereto depending on the finding whether the real estate owned by the partnership should be treated as personal property. Lenow v. Fones, 48 Ark. 557, 4 S. W. 54.

We find it unnecessary to pursue this interesting question, for the reason that the decree of the court on another issue is conclusive of the case.

The court found “ * * * that the defendant Harriett A. McEachin had elected to take the legacies bequeathed to her under said will of L. L. McEachin, deceased, prior to the filing of her cross-complaint herein for the assignment of dower, and that she thereby waived her right to dower.” The court found that Mrs. McEachin had purchased all of the assets of the partnership, and a lien was declared thereon for the balance of unpaid purchase money, and this appeal is from that decree.

We concur in this finding that Mrs. McEachin has waived her right to claim dower in the estate of her husband, and, having reached this conclusion, it is unnecessary to consider any other question.

It is apparent that Mrs. McEachin dominated the administration of her husband’s estate, and she was permitted to do this upon the assumption that, except as to the bequest of a hundred dollars, she was the sole legatee. She was thoroughly conversant with the estate, and appears to have had the advice of competent counsel of her own choice. While the administrator was represented by one attorney, Mrs. McEachin was represented by another. She was desirous of continuing the contracting business in which the partnership had been engaged of which her husband had been a member. Numerous conferences were held in regard to the purchase of the partnership outfit and its warehouse. During this time she had the benefit of the advice of her own attorney, and she admits that during all this time she had intended to take under the will. She expressed her desire frequently for the debts of her husband to be paid, and gave as one of her reasons for desiring to purchase the partnership assets that she could thus obtain certain contracts out of which sufficient profits would be made to pay the debts, if the assets were not sufficient for that purpose.

But certain proceedings in the probate court constitute the most convincing evidence of an election to take under the will, and not under the statute.

There ivas filed by the bank, as administrator, on February 1, 1934, a petition praying confirmation of the sale of the partnership assets to Mrs.

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

Related

First Security Bank v. Estate of Leonard
253 S.W.3d 434 (Supreme Court of Arkansas, 2007)
Wofford v. James
163 S.W.2d 710 (Supreme Court of Arkansas, 1942)

Cite This Page — Counsel Stack

Bluebook (online)
87 S.W.2d 12, 191 Ark. 544, 1935 Ark. LEXIS 317, Counsel Stack Legal Research, https://law.counselstack.com/opinion/mceachin-v-peoples-national-bank-ark-1935.