Estate of Honore V. De St. Aubin, Deceased, Ovide E. De St. Aubin, Executor, et al. - Page 3

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             these purported claims is valid, the value of decedent's                 
             estate will rise and thus also the estate tax liability of               
             her estate.  To determine the validity of these claims, we               
             must examine Mr. de St. Aubin's will, his estate, and the                
             trusts created under the will.                                           

                                  FINDINGS OF FACT                                    
                  Honore V. de St. Aubin (decedent) died December 27,                 
             1983.  Sixteen years earlier, on November 18, 1967, her                  
             husband, Ovide de St. Aubin, Jr. (Mr. de St. Aubin), died,               
             survived by decedent and their four adult children, Ovide                
             E. de St. Aubin (the younger Mr. de St. Aubin), Honore                   
             O'Brien, Corinne Shaw, and Celeste Schettig.                             
                  Decedent's husband provided for her in his will.                    
             Under Article Fourth of his will, he devised to Honore his               
             house and land located in New Rochelle, New York, which had              
             an estate tax value of $73,500.  Under Article Fifth of his              
             will, he bequeathed to Honore all of his personal property,              
             including a yacht and two automobiles.  The personal                     
             property had an aggregate estate tax value of $145,749.                  
             Decedent's husband had also designated her as beneficiary                
             of insurance policies on his life, with an aggregate value               
             of more than $175,000.  In addition, decedent owned                      
             insurance on her husband's life, which paid her a death                  
             benefit of more than $100,000.                                           




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