(Download) "Estate Merle Seefeldt v. Walter A." by Supreme Court of Wisconsin # eBook PDF Kindle ePub Free
eBook details
- Title: Estate Merle Seefeldt v. Walter A.
- Author : Supreme Court of Wisconsin
- Release Date : January 08, 1957
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 68 KB
Description
Proceeding instituted by petition and order to show cause by Joseph E. Schultz, executor of the estate of Merle Seefeldt,
deceased, to have a certain policy of life insurance issued upon the life of Walter A. Kuerschner adJudged to be an asset
of the estate and that a release of assignment of such policy executed by the petitioner be declared null and void. For many years prior to the death of Merle Seefeldt on February 7, 1955, Kuerschner and Seefeldt had been partners engaged
in the garage business in the city of Watertown under the firm name of 'Dodge Street Garage'. There were no written articles
of partnership. In 1936, there was issued upon the life of each partner a policy of life insurance in the sum of $5,000. Kuerschner
then assigned in writing the policy on his life to Seefeldt, and Seefeldt made a like written assignment of the policy on
his life to Kuerschner. The purpose of procuring such life insurance and so assigning the policies was in order to enable
the survivor, after the death of the first partner to die, to purchase the decedent's interest in the partnership. However,
no 'buy and sell' agreement was ever entered into.
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