Estate of Willie C. Lloyd, Deceased, Iva Nell Holman, Executrix - Page 2

                                        - 2 -                                         
          the date-of-death value of decedent's one-half interest in two              
          parcels of real estate held in trust.                                       
                                  FINDINGS OF FACT                                    
               Some of the facts have been stipulated and are found                   
          accordingly.  The stipulation of facts and the attached exhibits            
          are incorporated herein.  Willie C. Lloyd (decedent) died on                
          February 20, 1987.  Executrix Iva Nell Holman (Holman) and                  
          executrix Myrtle Lee Spraggins (Spraggins) both resided in                  
          Anniston, Alabama, at the time the petition was filed in this               
          case.  Spraggins died during the pendency of this case.                     
          1.   General Background                                                     
               On February 25, 1987, Holman and Spraggins offered                     
          decedent's will for probate.  Decedent's will, dated February 5,            
          1987, left one-third of his estate to Mary Ann Brewer.                      
          Decedent's will also left a pecuniary bequest of $7,500 to his              
          daughter, Jan Lloyd Rivers (Rivers).  Both bequests were subject            
          to an in terrorem clause intended to prevent a will contest.                
          Decedent's will divided the residuary of his estate equally                 
          between his sisters, Holman and Spraggins, the executrices of his           
          estate.                                                                     
               On March 5, 1987, Rivers initiated a will contest,                     
          contending that decedent died intestate and that Rivers was the             
          sole heir and distributee of his estate.  On that same date,                
          Rivers petitioned for and received an appointment as special                
          administratrix ad colligendum in the estate proceedings.                    




Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011