- 3 -
Decedent, during his lifetime, worked primarily in the real
estate business. Decedent was involved in subdividing and
developing real estate, as well as building and purchasing
residential rental property. Petitioner testified that
decedent's interests were broad based, and, at various times in
his life, he was also a farmer and held an interest in an oil
well and a gold mining claim. Petitioner presented no evidence,
except for her own self-serving testimony, that would indicate
the exact breadth of decedent's various interests outside the
scope of his general real estate business.
Petitioner spent much of her time at home with her four
children; however, she had some limited involvement in the family
real estate business. Petitioner assisted decedent in book-
keeping chores and showed rental properties to prospective
tenants as vacancies arose.
In 1984, decedent became involved in a gold mining venture,
International Mining Research and Development, Inc. (Interna-
tional Mining). International Mining was a Montana corporation
whose purpose was to engage in mining activities. Petitioner and
decedent were among five investors in International Mining.
Petitioner and decedent contributed four subdivided residential
lots for a 20-percent stake in International Mining. Some of the
other investors contributed some money to the project; however,
others contributed instead their expertise. International Mining
Page: Previous 1 2 3 4 5 6 7 8 9 10 Next
Last modified: May 25, 2011