- 6 - For 1991 1992 1993 1994 Living expenses $25,000.00 $53,616.14 $45,537.38 $22,984.69 Debris removal 3,709.00 25,821.00 --- --- Land stabili- zation --- 21,161.25 5,799.23 15,627.00 Landscaping 14,362.25 20,637.75 --- --- code Upgrades --- 16,312.41 42,261.53 --- Other structures 5,000.00 129,413.11 --- --- Building contents 1143,623.00 --- 430,138.59 --- Building re- construction 1287,245.00 264,735.72 90,117.01 --- Total 478,939.25 531,697.38 613,853.74 38,611.69 1 These amounts were paid by Chubb in 1991 as payment in full of the inflation indexed policy limits and were not originally designated for rebuilding of the residence. As of September 1994, Krueger increased the total projected cost to complete the residence from $1,270,658 to $1,654,348. As of November 2, 1994, Krueger estimated that the completion of the residence construction would cost $757,174.24. As of May 31, 1997 when the residence was completed, a total of $1,759,509.65 had been paid to Krueger. After decedent’s death, her nephews, John and Thomas Eddy, became coexecutors and primary beneficiaries of the estate, and, ultimately, they decided to complete the reconstruction of the residence. During the summer of 1995, John and Thomas Eddy had a disagreement about whether the residence should be completed. An attorney was engaged to negotiate a resolution, and an agreement was reached about 1 year later. The agreement provided that: (1) No more than $44,000 would be paid for landscaping, with anyPage: 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