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The Homestead Property
Decedent's homestead property (parcel 3) is the site of two
residences. One is a larger house with three bedrooms. Decedent
occupied one bedroom at the time of her death and had the use of
the living room, kitchen, and dining area. Dean used a second
bedroom as an office, where he kept his desk and all his
bookkeeping papers, although he had moved out of the main house
in 1979 or 1980 after his marriage. Decedent used the other
bedroom as a guest bedroom, primarily for Marian when she visited
from Montana. The main house also had a separate office that was
the corporate headquarters for Coastal Ranches.
The second house on the homestead property is a smaller
house of approximately 1,500 square feet. Dean has lived there
since 1979 or 1980 as a ranch employee. He has never paid rent
for his use of the smaller house.
In addition to the residences, parcel 3 has two large barns,
a small barn, a granary, cattle scales and corrals, a farm shop,
two garages, and a small orchard.
During each of the years 1968, 1969, and 1970, decedent gave
each of her three children one-third of an undivided 8-percent
interest in her homestead property, for a total gift to all three
children after the 3-year period of 24 percent. At the time of
her death, decedent owned a 51-percent interest in the homestead
property. The trust owned the remaining 25 percent.
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Last modified: May 25, 2011