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return for 1981 that reported an installment sale of the
Northgate Forest property in 1981 and stated that the property
had been acquired on January 26, 1980. Teresa and Tracy both
executed the settlement agreement. Each wrote on the face of one
of the $2 million notes "Paid in full". All of those actions are
inconsistent with the daughters’ theory that Parker received the
proceeds of the $2 million notes and then made gifts to the
daughters. We find that the daughters accepted gifts from Parker
no later than January 26, 1980.
5. Other Considerations
a. Bradish's Independence
The daughters argue strenuously that Bradish was no more
than Parker's tool, and, for that reason, Parker did not give up
dominion and control over anything until he (Parker) made a gift
to the daughters of the proceeds of the $2 million notes. We do
not agree. The January 8 writing is evidence of Parker's, and
Bradish's, concern that the daughters' interest in the potential
joint venture be differentiated from Parker’s and Bradish’s
interests. Witness Bradish's testimony with regard to the
meaning of the expression "holds in trust for Tracey [sic] Parker
and Terry Parker" in the January 8, writing:
Q Will you state the meaning that you intended,
please, with the selection of those words?
A Well, you know, at the deposition, I mean, we
talked about guardian, age and trust. My -- assuming
there was no document and I had died, the kids would
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