IN RE ESTATE OF MARY MERWIN SWEET, DECEASED. HARRY M. SWEET, APPELLANT,
v.
FIRST NATIONAL BANK OF CLEARWATER, AS EXECUTOR UNDER THE WILL OF MARY MERWIN SWEET, DECEASED, ET AL., APPELLEES

Fla. 2d DCA | 1971-11-17
No. 70-612
PIERCE, C. J., and MANN, J., concur.
254 So. 2d 562 Florida District Court of Appeal, Second District (1971) Negative Treatment
Cited by 21 cases

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Holding

The proceeds from a contract to sell real property belong to the estate as personalty, even if the seller dies before closing, and do not pass to a devisee of the real property.


Headnotes

[1] When a testator enters into a specifically enforceable contract to sell real property, the doctrine of equitable conversion treats the vendor's interest as personalty, pa…

[2] A testator's contract to sell real property, enforceable by the buyer, converts the vendor's interest into personalty, even if the testator dies before conveying legal ti…

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Facts & Procedural History

A seller agreed to sell her condominium, but died before the closing. Her executor completed the sale with court approval. The seller's will devised a…

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Opinion of the Court
LILES, Judge.

LILES, Judge.

Mary Merwin Sweet agreed to sell her condominium apartment for cash. She and the buyer executed a customary contract and the buyer deposited earnest money with the broker. The contract was enforceable by either party. A week or two before the scheduled closing date, she was killed in an automobile accident. The buyer insisted that the contract be performed, *563and Mrs. Sweet’s executor, with probate court approval, consummated the sale. The question is who gets the sale proceeds.

Mary Merwin Sweet died testate. She had executed her will before she made the contract to sell. At the time of her death she owned real property apart from the particular property now in question. She devised to her son “ * * * all of the real property of which I may die seized or possessed or to which I may be entitled at the time of my death.” In her will, she identified no specific real property. Her residuary bequest was to a testamentary trustee. The trust is for the benefit of her son and grandchildren, with a remainder gift to a college as to part of the trust assets.

Appellant points out that his mother still held legal title to and possession of the property when she died, and therefore he asserts that the property, though subject to the sale contract, came under the devise, and he as devisee is entitled to the sale proceeds. The probate court thought otherwise, and the son appeals. We affirm.

Appellant denies applicability of the doctrine of ademption. Under this doctrine, if a testator by his will purports to give a specific object or right, which is not found in the testator’s estate at the time of his death, the legatee receives nothing. Appellant asserts inapplicability on the ground that the doctrine applies only to specific legacies or devises and that the devise to him was not specific — i. e., an object or right distinct from all others — but was general — i. e., part of a class of completely interchangeable items, designated by quantity or amount, and payable from general assets of the estate.

We find it unnecessary to classify the devise as specific or general or to determine whether the doctrine of ademption applies.

If the devise was specific, then the testator’s sale of the property worked an ademption, even though the testator died before conveying the legal title and receiving all of the purchase money, at least in the absence of a showing that the testator intended otherwise, a showing not made here. Eisenschenk v. Fowler, Fla.1955, 82 So.2d 876. Some states have by statute changed this result with respect to property specifically devised or bequeathed, but Florida has not yet done so, and we do not feel at liberty to do so judicially. See Annot., 62 A.L.R.2d 958 (1958).

If the devise was not specific, as appellant contends, he still cannot claim the property unless the particular property was all or part of the testator’s real property at the time of her death. But the equitable conversion doctrine is well established in Florida; when an owner makes a specifically enforceable contract to sell his real property, the vendee becomes the beneficial owner and the vendor retains only naked legal title in trust for the vendee and as security for the vendee’s performance. Hull v. Maryland Casualty Co., Fla.1954, 79 So.2d 517; Tingle v. Hornsby, Fla.App.1959, 111 So.2d 274; 12 Fla.Jur. Equitable Conversion § 6 (1957). Under this doctrine the vendor’s interest is considered personalty and passes accordingly upon the vendor’s death, at least in the absence of a showing of contrary intent. See 27 Am. Jur. Equitable Conversion § 11 (1966); 3 American Law of Property § 11.26 (Casner ed. 1952).

The testator contracted to sell the property before her death, and the contract was enforceable against her and binding upon her heirs, devisees, and personal representatives. Upon consummation of the sale, she may have increased her son’s testamentary gifts or. may have conferred other benefits upon him; we have little ground for speculation. One thing is clear: she intended to convert a particular item of her real property into money, and she expressed no intention that her son should have any money outright. Had she managed to close the sale and collect the purchase money the day before she died, *564the devise to her son would not have carried with it the sale proceeds. In the absence of a controlling statute, we find no substantial reason why it should do so when the closing was interrupted by her accidental death and her contract obligation had to be discharged by her personal representative.

Affirmed.

PIERCE, C. J., and MANN, J., concur.


Cases With Similar Vibessemantic neighbors from the corpus


Citator

Cited By

  • In re Est. OF Randolph A. Skuro, 487 So. 2d 1065 (Fla. 1986)
    …of homestead property when the owner has died. In Buck v. McNab, 139 So. 2d 734 (Fla. 2d DCA 1962), the district court recognized the right of specific performance against a decedent’s estate in a nonhome-stead case. See also In re Estate of Sweet, 254 So. 2d 562 (Fla. 2d DCA 1971).…
  • In re the Est. OF Randolph A. Skuro, 467 So. 2d 1098 (Fla. 4th DCA 1985)
    …his question in this context. Appellant urges us to apply the doctrine of equitable conversion, which would convert Skuro’s real property into personalty by the execution of the contract to sell. Appellant relies primarily on In Re Estate of Sweet, 254 So. 2d 562 (Fla. 2d DCA 1971), cert. denied, 259 So. 2d 717 (Fla.1972), in which the court stated: [T]he equitable conversion doctrine is well established in Florida; when an owner makes a specifically enforceable contract to sell his real property, the vende…
    1 / 2
  • B. W. B. Corp. v. Muscare, 349 So. 2d 183 (Fla. 3d DCA 1977)
    …tract to sell real property has long been held to establish the vendee as the beneficial owner of the property, with the vendor retaining only naked legal title in trust for the vendee as security for the latter’s performance. In re Estate of Sweet, 254 So. 2d 562 [*185] (Fla.2d DCA 1971). This equitable interest resides in the vendee even though he has not paid the purchase price. Aycock Bros. Lumber Co. v. First National Bank of Dothan, 54 Fla. 604, 45 So. 501 (1907). Thus, since Tropicana had an equitable…

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