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Article Five “Power of Trustees”, section 5.5 of the
Tarragon trust instrument states as follows:
NOTWITHSTANDING any other provision in this Trust
instrument, no power shall be exercised, nor any action
taken, by the Trustees except upon the unanimous
consent of all Trustees having authority as
supplemented by the minutes and resolutions to exercise
that power, and shall not be construed to contrivance
[sic] of any constitutional state or federal law.
“Schedule B” attached to the Tarragon trust instrument lists
the property transferred to the trust as follows:
Twenty-One (21) Silver Dollars (face value); Pre-1964
Coinage of Account of the United States of America; One
(1) Ten Dollar Bill; Love & Kindness[;] 1 COMPUTER,
KEYBOARD, MOUSE, & MONITOR.
“Attachment A” to the Tarragon trust instrument is an
undated letter signed by Zola Sheehan for Cypress Management and
addressed to “The Settlor of Taragon Trust”, stating: “I am in
receipt of your letter dated 28 April 1994, appointing me Trustee
of Taragon Trust, WHICH I HEREBY ACCEPT IMMEDIATELY.” A second
“Attachment A” to the Tarragon trust instrument is a similar
undated letter, this one signed by Paul Jablonski, again
addressed to “The Settlor of Taragon Trust” and stating: “I am in
receipt of your letter dated 28 April 1994, appointing me Trustee
of Tarragon Trust, WHICH I HEREBY ACCEPT IMMEDIATELY.”
“Schedule C” attached to the Tarragon trust instrument lists
6(...continued)
Jurisdiction. See docket No. 10710-00 and our Memorandum Opinion
at T.C. Memo. 2001-316.
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Last modified: May 25, 2011