- 11 - when the roof leaked. Every summer, the Becks spent one or two weeks in a cabin at a resort on Lake Melissa in Detroit Lakes, Minnesota. Michelle and her three children stayed a week, and Michael stayed a couple days. The corporate minute book reflects that the annual stockholders meeting was held at the lake, and Beck's Liquors paid the expenses incurred by the Becks for the vacation. Up until the time of Mrs. Beck's death, Beck's Liquors paid her a wage and officer's compensation. At the time of her death, Mrs. Beck had between $50,000 and $60,000, of which $26,000 was in cash. Mrs. Beck also had $6,604 in an IRA, the beneficiaries of which were Michael and Michelle. Two checks for $3,302 distributed from the IRA and a $1,000 check from her burial insurance were deposited into Beck's Liquors checking account. Some friends sent checks totaling approximately $9,500 to Mr. Beck as memorials for Mrs. Beck. The checks were deposited into Beck's Liquors checking account, and Mr. Beck wrote checks to churches and charitable organizations in memory of Mrs. Beck. Some of Mrs. Beck's funeral expenses were paid from Beck's Liquors checking account. The insurance company paid for the vehicle that was destroyed in the accident. The vehicle was owned by Beck's Liquors. A check for $6,535 was issued on July 31, 1991, and, on August 12, 1991, $6,535 was deposited into the corporation'sPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011