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Steven Leichter. Among other things, the Settlement Agreement
provided that
1.5 * * * the Trust shall distribute to
Steven * * *
a. One hundred percent (100%) of the
stock in Harlee * * * [20,000
shares];
b. the sum of $400,000.0 in
cash * * *
1.5 [sic.] Steven shall assign his interest
in * * * [decedent’s] Individual Retirement
Account to Jeffrey * * *
1.6 Steven shall also release any claims he
may have for any portion of * * *
[decedent’s] estate * * *.
On March 20, 1996, the Superior Court appointed Joseph D.
Bua as probate referee to appraise and inventory the estate. Mr.
Bua filed such appraisal and inventory of the estate with the
Superior Court on August 13, 1996. The filed documents reflected
that the Harlee stock was inventoried and appraised at
$2,261,713.00. Decedent’s Individual Retirement Account was
valued for Federal estate tax purposes at $2,240,966.
On October 31 and December 16, 1996, the estate filed with
the Superior Court a Waiver of First and Final Account and a
First Supplement to the Waiver of First and Final Account,
respectively. On December 17, 1996, the Superior Court ordered
that the outstanding stock in Harlee, appraised at $2,261,713,
was to be distributed to Steven Leichter. On December 23, 1996,
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Last modified: May 25, 2011