Testator devised his farm to his son and two daughters. The son, who predeceased his father, was bequeathed an option to purchase the daughters' two-thirds interest in the farm for a specified amount. Over the objection of the daughters, the heirs of the son sought to exercise the option under an anti-lapse statute. The trial court concluded that the son's heirs had inherited the right to purchase. On appeal to the Supreme Court of Iowa, held,affirmed. An option to purchase is a valuable property right inheritable under an anti-lapse statute.
Michigan Law Review,
Testamentary Option To Purchase Realty Can Be Exercised Under Anti-Lapse Statute by Heirs of Beneficiary--Tuecke v. Tuecke,
Mich. L. Rev.
Available at: https://repository.law.umich.edu/mlr/vol64/iss2/11