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Assets Value
Accrued interest & dividends $4,066
Ranch in Norwood, CO 595,000
Total2 2,579,738
1 Decedent’s estate valued marketable securities at
$1,693,922.
2 Decedent’s estate’s total value ascribed to the assets
was $2,579,734.
On May 27, 1995, the Turner Partnership sold over $347,000 of
securities it held through the Alex Brown account. Around the same
time, the Thompson Partnership sold more than $350,000 in
securities. On October 8, 1995, distributions were made from the
1993 trust, in partial satisfaction of specific bequests in
decedent’s will, as follows:
Betsy’s children:
George Turner Jr. $15,000
Phoebe Turner 4,000
Robert J. Turner 20,000
Robert’s children:
Amy Thompson $20,000
Margaret Thompson 14,000
John W. Thompson 20,000
Theodore R. Thompson 20,000
In January 1996, the Turner Partnership and the Thompson
Partnership each paid $246,500, or a total of $493,000, to a
checking account to fund the specific bequests set forth in
decedent’s will; these distributions reduced the estate’s interests
in the partnerships’ assets. Likewise, the partnerships provided
funds to pay decedent’s estate taxes.
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