Estate of Juanita F. Sirmans, Deceased Dan L. Sirmans, Executor - Page 5

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                 In 1987, the decedent suffered a second stroke and her              
             health worsened.  Because the decedent required continuous               
             care, Mr. Sirmans placed her in a nursing home.  From 1987,              
             until her death, the decedent lived in and out of various                
             nursing homes.  During this period, the decedent's medical               
             bills approximated $50,000 to $60,000 per year.                          
                  As a result of the decedent's living expenses and                   
             escalating medical bills, Mr. Sirmans became concerned                   
             about the decedent's financial security and the liquidity                
             of her assets.  Accordingly, he considered selling the                   
             decedent's 56.5 acres of land.  Beginning in 1987 and                    
             continuing through 1989, from time to time he permitted                  
             different brokers to show the property.  He did not enter                
             into a listing agreement with any of the brokers, but he                 
             told them that the asking price for the property was                     
             $625,000, that is, $25,000 per acre for the usable property              
             of approximately 25 acres.  Mr. Sirmans considered the                   
             portion of the subject property that was wetland to have                 
             little or no value.                                                      
                  For property tax year 1988, the tax assessor for                    
             Hillsborough County valued the subject property at                       
             $472,640.  The assessed value of the parcel designated                   
             folio 3143 was $362,400, or 76.68 percent of the total, and              

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