- 20 - was generally kept at home. Nakamura advised Akiko to put her money in the bank. Motomi knew that Akiko kept cash at home, but Motomi did not know how much cash Akiko had at hand at any time. Motomi also was aware that Akiko kept money in bank accounts. At the time of trial, Motomi did not know how much cash Akiko had at home at the time of her death, but Motomi believed that it was a large sum. In 1955, Akiko inherited �500,000 from her grandmother.10 In 1959, Akiko lent that amount to her parents so that they could remodel an apartment they owned in Japan. Her parents agreed to repay the loan by sending Akiko $300 per month (i.e., the rental value of one room in the apartment) for the rest of their lives. Yoshinori and Akiko traveled to Japan approximately twice a year, and sometimes Akiko brought back money given to her by her parents. On occasion, friends from Japan visiting the Takaos brought money to them from Akiko's parents. Akiko's father died before 1988, but her mother was still alive through 1991 and continued to repay the loan through that time. Therefore, Akiko received $3,600 each year in issue for the repayment of the loan to her parents, and that amount is not taxable income to the Takaos. Kendo is a form of martial arts. Yoshinori was active in the kendo organization. He served as president of the U.S. Kendo Association and traveled around the United States to promote the 10 The record does not disclose the equivalent in dollars.Page: Previous 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Next
Last modified: May 25, 2011