Estate of Nathaniel M. Leichter, Deceased, Steven Leichter, Co-Special Administrator - Page 6




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          Similarly, for Federal tax purposes, Harlee reported generally              
          increasing amounts of ordinary income culminating in $163,121 for           
          its 1994 taxable year.                                                      
               Steven Leichter worked for 13 years at Harlee until decedent           
          fired him in June 1994.  Consequently, he was not involved with             
          Harlee for the approximately 12 to 15 months preceding his                  
          parents’ deaths.  Steven Leichter returned to Harlee shortly                
          after decedent’s death and assumed responsibility for the day-to-           
          day operations.  Jeffrey Leichter resided in Detroit Lakes,                 
          Minnesota, at the time of decedent’s death.                                 
               Jeffrey Leichter was nominated in decedent’s will to act as            
          her executor and, as such, was issued letters of special                    
          administration on November 2, 1995.  On the same date, the estate           
          filed a petition seeking to probate the March 21, 1995, will and            
          the October 16, 1995, First Codicil.  In her First Codicil,                 
          decedent disinherited her son, Steven Leichter.  Consequently, a            
          dispute arose between the two sons concerning the distribution of           
          the estate.  In particular the dispute concerned decedent’s                 
          predeceased spouse’s estate and the First Restatement of the                
          January 12, 1991, Leichter Family Trust.                                    
               On March 6, 1996, a Settlement Agreement and Mutual Release            
          (Settlement Agreement) was filed with the probate court                     
          reflecting that a settlement had been reached between Jeffrey and           








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