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10/04/83 -- 105 shares
Pohatcong Investors
10/26/83 60,000 --
The executors distributed to the residuary trust
shares of Pohatcong Investors with a basis of $205.75 each.
They distributed to the marital trust shares of Pohatcong
Investors with a basis of $415.43 each. The records of
Mr. de St. Aubin's estate indicate that the Pohatcong
Investors stock distributed to the marital trust had a
fair market value of $400 per share at the time of its
distribution. Those records also indicate that the shares
distributed to the residuary trust had fair market values
ranging from $375 to $540 on the dates of their
distribution.
Upon decedent's death, by operation of her will, her
daughter Corinne Shaw replaced her as coexecutor of
Mr. de St. Aubin's estate. In addition, decedent's will
appointed Ms. Shaw and decedent's son, the younger
Mr. de St. Aubin, as executors of decedent's estate. In
her will, decedent exercised her general power of
appointment over the marital trust in favor of her four
children in equal shares.
As mentioned above, the marital trust was not fully
funded at the time of decedent's death. The marital trust
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