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Total Out Total In
Accounting fees $4,184 ---
Actuarial gains --- $252,977
Administrative fees 192,000 ---
Death benefit 3,398 ---
Death forfeitures --- 474,839
Expense allocations 22,939 ---
Interest earned --- 48,581
Legal fees 387,990 256
Miscellaneous 2,011 ---
Trustee fees 4,203 ---
Unrealized loss 17,035 ---
Totals 633,760 776,653
Mr. Weiss approved of the use of Suspense Account assets to
pay legal fees, administrative fees, and trustee fees.
Approximately $280,000 of the legal fees were paid to Snell &
Wilmer and Streich Lang.
V. Young & Young
A. Overview
The Youngs are husband and wife, and they resided in Sedona,
Arizona, when they petitioned the Court. The Youngs owned 100
percent of the stock of Young & Young, a corporation providing
medical care in and around Sedona, during the relevant years.
Young & Young's principal place of business was in Arizona, when
it petitioned the Court.
During the relevant years, Howard Young was a radiologist
working out of a hospital through a partnership in which
Young & Young was a 50-percent partner. Elaine Young was a
dermatologist with her own practice. Carleen Garcia was the
nurse and office manager of Elaine Young's practice.
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