- 3 - (hereinafter Lorna) filed their petitions, they resided in Spokane, Washington. In 1981, Paul, a graduate of Wesleyan University and Yale University, worked for the New England Nonprofit Housing Development Corp. In August 1981, Paul, along with Lorna and their children, moved to Spokane, Washington, to aid his father in developing several real estate properties and in handling his father’s financial matters. Paul performed those services from 1981 until his father’s death in 1983.2 In 1984, Paul helped settle his father’s estate. From 1981 to 1984, on account of the services performed for his father and the settling of his father’s estate, Paul withdrew funds from a joint account bearing his name and the names of his father, his mother (Doris Kropp), and Lorna. Paul treated the withdrawn funds as income on his tax returns for those years. Paul and Lorna used the withdrawn funds for their household’s living and medical expenses. After the estate was settled, Doris Kropp owned several tracts of undeveloped land, two health/sports facilities, a condominium, and a brokerage account consisting mostly of municipal bonds. Paul and his sister, Karen Harte (Mrs. Harte), each received $600,000 from their father’s estate. Soon after the death of her husband, Doris Kropp encountered mental health problems and currently resides in a nursing home. 2 Paul’s father died in an automobile accident.Page: Previous 1 2 3 4 5 6 7 8 9 10 Next
Last modified: May 25, 2011