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tax liabilities of her estate; the testimony of decedent’s
daughter, Ms. Thompson, and decedent’s attorney, Mr. Walker; and
decedent’s last will and testament. We review this evidence for
what it shows, if anything, about decedent’s intent regarding the
interpretation of the powers of attorney in this case.
Beginning in 1980 and continuing annually through 1992,
decedent made gifts to the natural objects of her bounty.
Decedent gave her daughters annual gifts in amounts that
increased over time. In 1987, decedent expanded her gifting
program to include her sons-in-law and her grandchildren. When
decedent executed the first of her three powers of attorney in
1987, the gifting program was well established and steadily
growing, and she already had made her annual gifts for 1987. The
power of attorney was executed in connection with estate planning
by decedent and her husband which was designed to minimize, to
the fullest extent possible, the estate and gift tax liability of
their estates and to maximize the assets passing to their family.
13(...continued)
We realize we are getting older and do not need so
much so thought it would be nice to share now.
Just remember, we love you lots and are glad you
were born to us.
Lots of love –
Your Daddy + Mom
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