Arnott v. Arnott

Harsha, Judge.

{¶ 1} James Arnott, successor trustee of the Joseph Scott Arnott Revocable Trust (“Trust”), appeals from a declaratory-judgment action in the probate court involving the Trust, which gave James and his brother, Kenneth Arnott, the option to purchase specified parcels of the Trust-owned farmland “at a price equal to the appraised value of said real property as affixed for federal and/or state estate tax purposes.” Kenneth and other beneficiaries disagree with James over the interpretation of this sentence. Kenneth argues that the option price is the value of the realty as…