Estate of Theodore C. Chemodurow, Deceased, Gail C. Williams, Executor - Page 6




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               Among the facts upon which petitioner bases the assignments            
          of error are the following:                                                 
               On November 16, 1981, * * * [decedent] sold the Abagail                
               Ranch to his daughter Gail Chemodureau * * *.                          
               From November 16, 1981, until August 30, 1995 * * *                    
               title to the Abagail Ranch remained in the names of                    
               * * * [decedent] and his wife * * *.  On August 30,                    
               1995 * * * [decedent and his wife] executed and                        
               delivered a Warranty Deed conveying Abagail Ranch to                   
               Gail.  Because of a minor error in such deed * * *                     
               [decedent and his wife] executed and delivered a                       
               corrected Warranty Deed dated December 20, 1995.  * * *                
               Gail is the true owner of the Abagail Ranch * * * .                    
               The Abagail Ranch is not an asset of the Estate and its                
               value is not properly included in the gross estate for                 
               estate tax purposes.                                                   
                           *    *    *    *    *    *    *                            
               In conjunction with formalizing the sale of the Abagail                
               Ranch to Gail * * * [decedent] executed and delivered                  
               to Gail a General Assignment of all farm equipment and                 
               machinery located at the Abagail Ranch.  Consequently,                 
               Gail is the true owner of the equipment; it is not an                  
               asset of the Estate; and its value is not properly                     
               included in the gross estate for estate tax purposes.                  
               State Court Actions                                                    
               Relevant to this proceeding are two actions brought in the             
          Montana Eighteenth Judicial District Court, Gallatin County,                
          Montana (the State court).  The first action is styled “CYNDI               
          JAKUBEK and PAUL JAKUBEK, Plaintiffs, vs. GAIL SUZANN CHEMODUREAU           
          aka GAIL WILLIAMS individually and in her capacity as Personal              
          Representative of the ESTATE OF THEODORE CHEMODUROW, Defendants”,           
          Cause No. DV 96-60 (Cause No. DV 96-60).  Cause No. DV 96-60 was            
          initiated by complaint (the Second Amended Complaint and Demand             





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