Trusts and Estates — options to purchase

By: WISCONSIN LAW JOURNAL STAFF//June 5, 2012//

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Wisconsin Court of Appeals

Civil

Trusts and Estates — options to purchase

Lyle Hofacker appeals an order concerning a provision in Margaret Hofacker’s will requiring an heir to close within forty-five days of exercising an option to purchase her farm property. We conclude the personal representative failed as a matter of law to follow the procedure under the will for exercising the option. We also conclude the circuit court appropriately applied equitable principles to deem Lila Bates’ exercise of the option valid. We therefore affirm. This opinion will not be published.

2011AP1629 In re the estate of Margaret R. Hofacker

Dist III, Pierce County, Lister, J., Per Curiam

Attorneys: For Appellant: Deckert, Gregory W., Maple Grove; For Respondent: Krueger, Stuart J., River Falls; Munkittrick, Catherine Ruth, River Falls; Gardner, Mary B., Altoona

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