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During the conservatorship, decedent's prospective heirs7
had frequent acrimonious disputes with respect to her assets.
The prospective heirs other than Rod generally distrusted Rod,
whom they considered responsible for the FDIC's forced closure of
one of the banks decedent owned and Rod had managed. The
disputes among the prospective heirs often involved small
matters, such as appropriate reimbursements each should receive
for travel to visit decedent, use of decedent's lake house, and
one prospective heir's purportedly causing the conservatorship to
pay his drycleaning bills. In the conservator's opinion, these
disputes were highly contentious in view of the amounts involved.
Decedent's Bank Stock
At the time decedent executed her will the stock to be
bequeathed consisted of both common and preferred shares of Agri-
Bank Corp. (Agri-Bank), Farmers National Bank of Webster City,
Iowa, and Commercial State Bank of Pocahontas, Iowa. At some
time prior to the appointment of her conservator, decedent's
Farmers National Bank of Webster City stock was exchanged for
additional shares of Agri-Bank stock, and Commercial State Bank
of Pocahontas ceased to exist (having been ordered closed by the
FDIC). When decedent's conservator filed the initial report and
7 All references to decedent's "prospective heirs" include
her surviving children, Rosemary Ahlerich and Rod Amlie, and her
deceased son Thomas's adult children, Susan Wendel and Thomas
Robert Amlie.
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Last modified: May 25, 2011