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another portion of the property, with access to Lake Forrest
Drive, the Weinstocks built a house.
Weinstock sold approximately 2 acres of the Weinstock
Property to Holland, where the Hollands built a house. Later,
the Hollands gave a 1-acre portion of their property to their
daughter, Betty Kann (then Koblitz), who built a house on her
parcel.
Sometime during the 1950's the Weinstocks gave their home
and approximately 11 acres to decedent's sister, Mrs. Nathan,
which she used as a residence for her family. The Weinstocks
then built a smaller residence on a different portion of the
Weinstock Property (the Weinstock Residence).
The Weinstock Residence consisted of a house and 1.58 acres
of land on Lake Forrest Drive. The executors of the Weinstock
estate conveyed a life estate in the Weinstock Residence to
decedent on August 10, 1984. Item IV of Weinstock's will
provided that decedent had the right to sell in fee simple the
Weinstock Residence; however, if she did not reinvest the
proceeds in another home, the proceeds were required to be
delivered to and held in trust by the trustees of the Carolyn
Trust. The Carolyn Trust was created by Weinstock's will. If
decedent did purchase another home with the proceeds of the sale
of the Weinstock Residence, decedent's interest in the new home
would continue in the same manner as it existed before such sale;
that is, she would have a life estate in the new home.
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Last modified: May 25, 2011