Estate of Rebecca A. Wineman - Page 5




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          Wineman.  Decedent owned no interest in Coastal Ranches.                    
          Decedent and Mr. Wineman’s three children, Dean Wineman (Dean),             
          Eleanor Truocchio (Eleanor), and Marian Hanson (Marian), each own           
          21 percent of Coastal Ranches, and the remaining 37 percent is              
          owned by Mr. Wineman's testamentary trust (the trust), of which             
          the three children are beneficiaries.  Dean and Eleanor are full-           
          time cattle ranchers.  Marian lives in Montana and occasionally             
          participates in the cattle operation.                                       
          Nipomo Properties                                                           
               The Nipomo properties (parcels 3, 5, 6, 9, and 10) are                 
          located within the greater urban area of Santa Maria, a city at             
          the northern end of Santa Barbara County, California.  The Santa            
          Maria area has a population of approximately 100,000.  Santa                
          Maria is primarily a farming community.  Other parts of the                 
          coastal zone are more upscale, such as the Santa Ynez and Santa             
          Ynez River Valleys to the south.  Arroyo Grande, to the north and           
          west of Santa Maria and along the Pacific coast, is the location            
          of many second homes, attracting people seeking to escape the               
          summer heat of the San Joaquin Valley.  Further north along the             
          coast, the coastal towns of Morro Bay and Cambria are also                  
          popular with tourists.  The area has attracted resort and second            
          home development.                                                           
               Although Santa Maria is within Santa Barbara County, the               
          town of Nipomo and the Nipomo properties are in San Luis Obispo             





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Last modified: May 25, 2011