Estate of Lorraine C. Disbrow, Deceased, Martha D. Johnson, Executrix - Page 14

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          6.  Annual and Monthly FRV of the Residence                                 
               The annual and monthly FRVs of the residence were as                   
          follows:                                                                    
          Year    Annual FRV    Monthly FRV                                           
          1994      $17,280        $1,440                                             
          1995       16,560         1,380                                             
          1996       17,160         1,430                                             
          1997       17,880         1,490                                             
          1998       19,020         1,585                                             
          1999       21,060         1,755                                             
          2000       26,400         2,200                                             
          7.  Decedent’s Payments as to the Residence                                 
               During decedent’s leasehold, Funny Hats maintained the                 
          residence and made capital improvements.  The dollar amounts of             
          the capital expenses attributable to the residence were reported            
          on the Federal estate tax return of decedent’s estate as $3,161             
          in 1995, $800 in 1996, and $4,225 in 1999, for a total of $8,186.           
          The reported maintenance expenses for each year from 1994 through           
          2000 are set forth infra and aggregate $21,657.                             
               Decedent paid (directly or indirectly) most of the expenses            
          connected with the residence.  The partners of Funny Hats did not           
          want to incur out-of-pocket costs as to the residence, and they             
          asked decedent to pay “rent” greater than that stated in the                
          lease agreements to the extent that the stated rent was                     
          insufficient to pay expenses connected with the residence.                  









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