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2. Southwick Motor Company building 155,000
3. Economy Builders Supply building 265,300
4. Cambridge South Subdivision 220,000
5. Lot 21, Alpine, Utah 38,000
6. Lot 22, Kern County, California 4,000
7. 398 East 3300 South property 73,000
8. 5-percent interest in Economy Land &
Rentals Partnership 25,000
9. 15-percent interest in Redwood Village
Apartments Partnership 147,821
10. 5-percent interest in Schauerhamer
Family Limited Partnership 85,700
11. Note receivable from David Schauerhamer
and Warren Bradshaw 64,000
12. Notes receivable from Economy Builders
Supply, Inc. 385,000
Assets Transferred 11/5/91 Value
1. Airport System Refunding Revenue Bond $289,000
2. 40 Intermountain Power Agency Supply
Revenue Bonds 206,000
Also on December 31, 1990, decedent executed 33 documents
(i.e., 11 relating to each of the three partnerships) entitled
"ASSIGNMENT OF INTEREST IN LIMITED PARTNERSHIP". Each assignment
stated that a $10,000 interest in the partnership was being
assigned. On January 1, 1991, decedent executed an additional 33
assignments of partnership interests (i.e., 11 relating to each
of the three partnerships) in the amount of $10,000 each. All 66
assignments were made to family members.
The partnership agreements each required that all income
from the partnership be deposited into a partnership account.
Shortly after the partnerships were formed, each partnership's
initial capital was deposited into partnership bank accounts.
Decedent deposited, into an account jointly held by her and
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Last modified: May 25, 2011