Ferris v. FIRST NAT. BANK & TRUST
Court of Appeals of Wisconsin · 1980-04-09 · cited 1×
This case involved creditors of Warren R. Jorgenson's estate seeking to enforce a $26,950 claim, secured by a lien on real estate that had been distributed to a trust for the benefit of his daughter, against the trustee bank after the trustee sold part of the property. The trial court granted summary judgment to the creditors, finding the lien enforceable. The Court of Appeals affirmed that the county probate court had statutory and plenary jurisdiction to impose the lien on estate real estate and that the ten-year statute of limitations under sec. 806.15(1) had not expired since the 1967 judgment. It reversed the interest rate determination, holding that the rate increased to 7% after the 1971 statutory amendment per precedent in Jones v. Jenkins.