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Bob, let’s quickly get good, binding,
incontestable Wills affectuated [sic] quickly, or, if
you like, add lines to what I made and bring * * *
legal witnesses and Jo and I will sign again. * * *
dash up to the Big House and we’ll make it all legit.
If that will do it for us all. I still want Newmanmade
Wills ASAP.
On March 6, 1988, decedent wrote a letter to Mr. Newman.
Decedent was disappointed in what seemed to him “much too long to
look in the statute books and write to us what the Federal and
State taxes will be, and the fees and commissions as spelled out
by law.” Given that at the time he was 75 years old, decedent
wanted his will completed, witnessed, and safely stored in his
“safe room” as quickly as possible.
On March 7, 1988, Mr. Newman wrote a letter to decedent.
Mr. Newman listed the expenses that would be incurred on an
estate of $4 million. Mr. Newman explained that the delay was
not in computing the figures “but rather trying to come up with
an acceptable way of avoiding the estate tax which is quite
significant.” Mr. Newman listed the potential Federal estate tax
as $1,302,600 and potential New York estate tax as $392,500. Mr.
Newman wrote that he had “some ideas that I would like you to
examine, but I will present these to you at a later time.” Mr.
Newman advised decedent that he had a draft of the will which
would be sent to decedent that Friday for his examination.
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Last modified: May 25, 2011