Richard A. Petersen v. Margaret E. Georgiades

CourtCourt of Appeals of Tennessee
DecidedMay 23, 2024
DocketM2023-00538-COA-R3-CV
StatusPublished

This text of Richard A. Petersen v. Margaret E. Georgiades (Richard A. Petersen v. Margaret E. Georgiades) is published on Counsel Stack Legal Research, covering Court of Appeals of Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Richard A. Petersen v. Margaret E. Georgiades, (Tenn. Ct. App. 2024).

Opinion

05/23/2024 IN THE COURT OF APPEALS OF TENNESSEE AT NASHVILLE March 6, 2024

RICHARD A. PETERSEN v. MARGARET E. GEORGIADES, ET AL.

Appeal from the Chancery Court for Sumner County No. 2021-CV-15 Joe H. Thompson, Judge1 ___________________________________

No. M2023-00538-COA-R3-CV ___________________________________

This is an action to rescind a quitclaim deed conveyed pursuant to a durable general power of attorney. On August 1, 2006, Richard Petersen (“Plaintiff”) appointed his sister, Margaret Georgiades (“Defendant”) as his attorney-in-fact. The power of attorney was recorded on July 8, 2009. In April 2010, Defendant conveyed, via quitclaim deed, one-half of Plaintiff’s undivided interest in his residence to herself for no consideration. Plaintiff contends that he did not discover the transfer until the fall of 2020, at which time he revoked Defendant’s power of attorney. Then, on February 4, 2021, he filed suit against Defendant to rescind the conveyance on the basis that the deed was void ab initio as the power of attorney did not authorize Defendant to make gifts or transfers “without consideration to anyone.” He also contended that the conveyance should be set aside because Defendant’s conduct “constitutes a clear breach of the fiduciary duty” she owed to Plaintiff as his attorney-in-fact. For her part, Defendant contends that the action is barred by the ten-year statute of limitations. She also contends that Plaintiff instructed her to make the conveyance and that he subsequently told others that he had consented to the conveyance. Following discovery, Plaintiff filed a motion for summary judgment on the basis that the deed was void ab initio. The trial court granted the motion, finding that the power of attorney did not grant Defendant “the authority to transfer [Plaintiff’s] property by gift to her or to any third party” and, on this basis, declared the deed “void ab initio and to have no effect whatsoever.” This appeal followed. As provided by Tennessee Code Annotated § 34-6- 110(a), because the power of attorney expressly authorized Defendant “[t]o exercise or perform any act, power, duty, right or obligation whatsoever that I now have,” Defendant had “the power and authority to make gifts, in any amount, of any of the principal’s property, to any individuals, . . . in accordance with the principal’s personal history of making or joining in the making of lifetime gifts.” See Tenn. Code Ann. § 34-6-110(a). Accordingly, we vacate the trial court’s grant of summary judgment. Because the trial court did not rule on other issues, including, inter alia, whether Plaintiff’s claim is time barred, whether Plaintiff approved of the conveyance, whether the gift was in accordance with

1 Sitting by Interchange. Plaintiff’s history of making lifetime gifts, and/or whether the conveyance constitutes a breach of Defendant’s fiduciary duty to Plaintiff, we remand this case for further proceedings consistent with this opinion.

Tenn. R. App. P. 3 Appeal as of Right; Judgment of the Chancery Court Vacated and Remanded

FRANK G. CLEMENT, JR., P.J., M.S., delivered the opinion of the court, in which W. NEAL MCBRAYER and JEFFREY USMAN, JJ., joined.

Philip C. Kelly, Gallatin, Tennessee, for the appellant, Margaret E. Georgiades.

Shelby Dodson and David Kozlowski, Gallatin, Tennessee, for the appellee, Richard A. Petersen.

OPINION

FACTS AND PROCEDURAL HISTORY

On August 1, 2006, Plaintiff executed a power of attorney, which states, in pertinent part:

KNOW ALL MEN BY THESE PRESENTS, that I, RICHARD ALAN PETERSEN, the undersigned, of Sumner County, Tennessee, do hereby make, constitute and appoint my sister, MARGARET E. GEORGIADES, as my true and lawful attorney in fact, for me and in my name, and for my use and benefit:

1. To exercise or perform any act, power, duty, right or obligation whatsoever that I now have.

* * * *

4. To maintain, repair, improve, manage, insure, rent, lease, sell, convey, subject to liens, mortgages and deeds of trust, and hypothecate, and in any way or manner deal with all or any part of the real property whatsoever, tangible or intangible, or any interest therein, that I now own or may hereafter acquire, for me, [o]n my behalf, and in my name, and under such terms and conditions, and under such covenants as said attorney in fact shall deem proper regarding the aforementioned real property;

-2- 5. To conduct, engage in, and transact any and all lawful business of whatever nature or kind for me, on my behalf, and in my name regarding the aforementioned real property;

7. This Power of Attorney shall not be affected by the subsequent disability or incapacity of the principal.

WITNESS my hand thereto, this the 1st day of August, 2006.

_________/s/______________ Richard Alan Petersen

At the time Plaintiff executed the power of attorney, he was a resident at Buffalo Valley, an in-patient rehabilitation center, where he was receiving treatment for a long- standing addiction to alcohol. After being discharged from Buffalo Valley, Plaintiff resided at his home on Drakewood Drive in Portland, Tennessee, until 2009.

The power of attorney was duly recorded on July 8, 2009.

In 2009, Plaintiff, who was not married at the time, asked Defendant to help him sell his Drakewood home and purchase a new residence in Sumner County. As Defendant explained in her deposition, “He didn’t know how to go about it. So, we helped him purchase that property, my husband and I.”

Although Plaintiff was present for the closing, Defendant signed the deed as Plaintiff’s attorney-in-fact to sell the Drakewood property for $119,000. The funds from the sale were deposited in Plaintiff’s credit union account.2 Shortly thereafter, in November 2009, Plaintiff purchased a residence and approximately five acres on Fowler Ford Road in Portland, Tennessee, which is the property at issue in this appeal. Plaintiff purchased the Fowler Ford property for $68,000 with the funds he received from the sale of the Drakewood property. Plaintiff has resided at the Fowler Ford property ever since.

As before, although Plaintiff was present for the closing, Defendant, acting in her capacity as Plaintiff’s attorney-in-fact, signed all of the closing documents on behalf of Plaintiff to facilitate Plaintiff’s purchase of the Fowler Ford property. Defendant also wrote the check from Plaintiff’s credit union account to facilitate the purchase of the property.

2 This was a joint account with Defendant, who used the funds to pay Plaintiff’s bills and living expenses for him out of this account until the funds were exhausted.

-3- The deed was titled in Plaintiff’s name only. Nevertheless, because Defendant had handled Plaintiff’s financial affairs for years, the deed stated that tax notices were to be mailed to Defendant’s address, and it is undisputed that the tax notices have been delivered to her address ever since. Thereafter, Defendant paid the annual property taxes on the Fowler Ford property, as well as homeowner insurance premiums. When Plaintiff had sufficient funds, Defendant would pay these expenses with Plaintiff’s funds. However, when Plaintiff did not have sufficient funds, Defendant paid these expenses with her personal funds. Defendant later explained that she never expected to be reimbursed for the payments she remitted on Plaintiff’s behalf.

On April 14, 2010, Defendant executed a quitclaim deed pursuant to which she conveyed the Fowler Ford property to Plaintiff and herself as tenants in common for no consideration. As a result, Defendant owned a one-half undivided interest in the property. The deed was promptly recorded.

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Bluebook (online)
Richard A. Petersen v. Margaret E. Georgiades, Counsel Stack Legal Research, https://law.counselstack.com/opinion/richard-a-petersen-v-margaret-e-georgiades-tennctapp-2024.