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The beneficiaries of Floors Trust were Jody, Harlan, Harwood
Group, and Harwood Holding. Harlan originally held all 100 units
of the beneficial interest of Floors Trust, but on February 1,
1995, he surrendered 94 of them to Jody and 2 units each to
Harwood Holding and Harwood Group.
Harwood Holding
The beneficiaries of Harwood Holding were Harlan and Jody,
as well as other children of Harlan; namely, Jacqueline Spellman,
Greg Edwards (Greg), and Michael Edwards.5
Harwood Group
Upon his creation of Harwood Group, Harlan transferred to it
his residence, which he owned outright, free of any mortgage
indebtedness. Harwood Group’s other assets included a
television, a bedroom suite, three lounge recliners, and various
other household furnishings. The beneficiaries of Harwood Group
were Harlan, Jody, and Greg. The trustees of Harwood Group were
Jody and Becky. As with Floors Trust, Harlan served as manager
of Harwood Group. Additionally, Jody and Harlan were the only
individuals who had authority to sign checks on the Harwood Group
bank account.
The floor installation business did not change its location
after its transfer to Floors Trust. The business and its assets
5 The record establishes nothing further concerning Harwood
Holding.
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Last modified: May 25, 2011