No Reduction in Farm’s Value Permitted for Mother’s Life Estate in the Farmhouse

Business Valuation Update BVLaw
Legal and Court Case Update
June 7, 2007
State Court
Missouri
Court of Appeals

Summary

The Missouri Court of Appeals, Southern District, reversed the lower court's valuation of the parties farm. The parties owned a 128 acre farm and a farmhouse. The farmhouse was subject to a life estate in favor of the husband's mother. The lower court ...

See Also

In re Marriage of Glenn Edwin Kirkham v. Leona L. Kirkham

The Missouri Court of Appeals, Southern District, reversed the lower court's valuation of the parties farm. The parties owned a 128 acre farm and a farmhouse. The farmhouse was subject to a life estate in favor of the husband's mother. The lower court ...