- 14 -
Robert’s contributions
Shares Value
Mutual Funds
Equity income -–- $64,811
European stock -–- 10,673
Intl stock -–- 32,710
Japan fund -–- 35,268
New American growth -–- 37,660
New Asia -–- 22,449
Science & Technology -–- 58,236
High yield -–- 5,597
Intl bond -–- 103,905
Prime Reserve-cash -–- 1,499
Ranch in Norwood, CO --- 460,000
Robert’s total 832,808
Total assets 2,245,138
At the time of the formation of the partnership, decedent held
a 62.27-percent limited partnership interest and Robert held a
36.72-percent limited partnership interest. The Thompson Corp., as
the general partner of the Thompson Partnership, held the remaining
1.01-percent interest.
III. Operation of the Partnerships
A. Decedent’s Financial Affairs Through the Turner
Partnership and the Thompson Partnership
Before forming the partnerships and corporations, Betsy,
Robert, and decedent had agreed that decedent would be taken care
of financially. They also wanted to make sure that decedent could
access money in the partnerships in order to continue making gifts
to his children, grandchildren, and great-grandchildren. In a
letter dated April 4, 1993, to Mr. Warder, Betsy asked how
decedent’s access to his checking account with his broker would be
affected by the family partnerships. She specifically asked
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