Estate of Silveira
Mary Evelyn Silveira, as executor of the estate of Joseph F. Silveira (the estate), appeals from a judgment directing the estate to convey the interest of Joseph Silveira (Joseph) in the Silveira Ranches partnership to petitioner Anthony F. Silveira (Tony) at the book value of that interest. The estate contends the court erred in reforming the applicable partnership agreements to obligate the estate to convey Joseph’s 50 percent interest at book value and that the court further erred in calculating the book value of the partnership. Tony has filed a cross-appeal challenging the award of prejudgment interest.
We find no error in the court’s reformation of the partnership agreements, but we conclude the court erred in calculating the book value of the partnership. Accordingly, we shall affirm the judgment insofar as it orders reformation of the partnership agreements but reverse and remand the judgment for recalculation of the book value of the partnership.
Comments on Estate of Silveira