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Petitioner concedes that he is liable as transferee of the assets
from the estate in the amount of $1,118,6212 (a portion of the
2 Petitioner concedes that the Estate distributed the
following assets, with a $1,118,621 value, to him:
Date Cash
3/5/85 $5,000
10/28/85 7,500
12/16/88 to various attorneys 61,367
2/2/90 to various attorneys 6,733
Cayman Islands Trust 157,435
Total 238,035
Petitioner further concedes the following value of the
distributed assets, as enumerated in the Settlement and
Distribution Agreement recorded 12/28/93 in Polk County records
OR 3326, at 1567:
Property Value
Attorney’s fee obligations $79,000
Direct payment endorsed to Bogenschutz & 175,000
Goldstein
Industrial park lot 8, 4.573 acres 143,719
Industrial park lot 9, 3.388 acres; lots 106,477
8 and 9 sold to Mannheim Auctions as
part of a 15.6986-acre tract for
$493,373 ($31,427.83 per acre)
Industrial park lots 2, 3 and part of 4 376,360
Payment of maintenance fees for 10
industrial park lots
Forgiveness of debt due the estate and 10
WLLC
“Impact fee” credits 10
Total 880,586
In sum, petitioner conceded that the estate distributed the
following assets to him:
Cash $238,035
Property 880,586
Total 1,118,621
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Last modified: May 25, 2011