Schaefer & Co. v. Kramer

The trial court’s conclusion that the Marshall & Ilsley Bank is, by virtue of its assignment, entitled to the amount due Sophia Kramer as a creditor of her father’s estate; that is, to the proceeds of her claim as filed and allowed against the estate, cannot be sustained. Under its *451assignment, the bank took such interest as Sophia had “either as devisee, legatee or heir at law.” Schaefer &■ Company, by virtue of its assignment, took whatever interest Sophia had as a claimant against the father’s estate and such interest as Sophia might have as a legatee, subject to the bank’s interest in any…