- 2 -
closely held corporation stock made by Marie A. Bies (decedent)
to two daughters-in-law during the years 1985 through 1995, and
to a granddaughter-in-law during the years 1991 through 1995,
were, in substance, indirect transfers of stock to decedent's
sons and grandson. We hold they were.
FINDINGS OF FACT
Some of the facts have been stipulated and are so found.
The stipulation of facts and the accompanying exhibits are
incorporated herein by this reference. Decedent died testate on
July 9, 1995, in Roseville, Minnesota (Roseville). At the time
the petition in this case was filed, the personal representative
of the estate, Larry D. Dunn, resided in St. Paul, Minnesota (St.
Paul).
The Bies Family
Decedent married Albert N. Bies (Albert Sr. or her husband;
collectively, when referring to them both, the Bieses) in 1938
and remained married to him until his death on May 12, 1990. The
Bieses had four children, Joanne, Albert, Barbara, and Gregory
(collectively, the Bies children).
James C. Nielsen, Sr. (James Sr.), and Joanne married in
1(...continued)
increased the value of the gross estate reported on the estate
tax return. Petitioner assigned error to all these
determinations.
The parties have agreed that any issues they are unable to
settle will be tried later.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next
Last modified: May 25, 2011