11 that date. The Scotts Bluff County Court denied Stanko's Motion To Proceed In Forma Pauperis. H. Transfers to Petitioner in 1985 On September 19, 1985, Stanko transferred his interest in lots 1 and 2, block 5, Ditch North Addition, Scottsbluff, to petitioner. On October 4, 1985, petitioner, as sole shareholder of Butch's Cattle Co., deeded to herself lots 10, 11, and 12, block 10, L.G. Gill subdivision, Jackson, Wyoming. The total value of these three lots was about $40,000 on October 4, 1985. On October 7, 1985, petitioner, as sole shareholder of the School of Gymnastics, deeded to herself lots 8, 9, and 10 of block 2, City Addition, Scottsbluff. The total value of these lots was about $20,000 at that time. I. Trusts Created by Stanko and/or Petitioner On October 30, 1985, petitioner created the Western Enterprises Trust (Western). Petitioner bought property from the Henry Jerger Estate and transferred it to Western in the fall of 1985. Petitioner and/or Stanko created the Sheridan Enterprises Trust, Red Barn Trust, and River Enterprises Trust (the trusts) in October and November 1985. Petitioner was a trustee of each of the trusts. Petitioner transferred her interest in two or three properties to Stanko by quitclaim deed. He then transferred that property to the trusts. When petitioner and Stanko created the trusts, she knew that Stanko Packing had a taxPage: 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