- 4 -
coin collection (Armin's papers). Jane Allen died testate in
1981 and her children, petitioners Jeanne Korson, Armin B. Allen,
and John H. Allen (collectively, the children), received those
ledgers, items, and papers by devise. The children also received
papers that their mother compiled, some of which relate to her
dispersal of some of the coin collection (the Jane Allen papers).
Each of the children was a co-executor of Jane Allen's estate
(the estate). A Federal estate tax return was filed on behalf of
the estate and each of the children signed that tax return. That
return did not include Armin's half of the coin ledgers, Armin's
half of the photocopy, the Chicago Coin Co. papers, the coin
envelopes, the Virgil Brand estate papers, Armin's papers, or the
Jane Allen papers as assets of the estate because none of the
children believed that those items had any market value.
Jane Allen's estate also included part of the coin
collection. The executors of the estate devised a marketing plan
in an attempt to maximize the value of those coins. They decided
to promote Virgil Brand's name in order to develop his identity
as a unique numismatic collector and to publicize his life as
well as the coin collection. To that end, the executors arranged
to have a book published in 1983 that profiled Virgil Brand and
the coin collection.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Next
Last modified: May 25, 2011