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Erickson began his dental practice. Mrs. Erickson stayed home to
raise the couple’s two daughters.
Once their daughters were grown, Mrs. Erickson returned to
work at Mr. Erickson’s dental practice until they both retired in
1974. Mr. and Mrs. Erickson volunteered in several countries
including Madagascar, India, Guatemala, Honduras, and Haiti after
they retired. Mr. Erickson passed away in May 1984.
Mr. Erickson’s Will and the Credit Trust
Mr. Erickson’s will left most of his assets to Mrs.
Erickson. Mr. Erickson’s will also set up a credit trust for
Mrs. Erickson’s benefit. The credit trust was intended to
provide for Mrs. Erickson’s care in the event she depleted her
own assets. Any remaining funds in the credit trust after Mrs.
Erickson’s death would pass to the Ericksons’ daughters free of
estate tax. Mrs. Erickson and Karen were the initial trustees of
the credit trust, and the Ericksons’ younger daughter, Sigrid
Knuti (Sigrid) became a successor trustee several years later.
The Ericksons’ Daughters
Karen worked as a benefits and insurance manager for the
Owatonna Canning Co., a company her husband’s family owned and
operated. Karen’s husband, Chad Lange (Chad), was in the third
generation of Lange family members to run the canning company,
which was sold to Chiquita in 1997. After the sale to Chiquita,
Chiquita hired Karen to work on international business
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Last modified: November 10, 2007