-4-
development, which she did until she retired in 2000. Chad and
Karen have two children, a daughter and a son.
Sigrid did nonprofit work and then moved to Moscow in 1998
with her husband, David Knuti (David), an analyst in the Foreign
Commercial Service. David retired in 2004. David and Sigrid
have three daughters.
Mrs. Erickson’s Powers of Attorney
Mrs. Erickson initially granted Karen a durable power of
attorney in 1987. Mrs. Erickson revoked the 1987 power of
attorney and executed a new power of attorney in 1994. The 1994
power of attorney remained in effect as of Mrs. Erickson’s death.
The 1994 power of attorney granted Sigrid a successor power of
attorney and also authorized Karen to make gifts to herself.
Management of Mrs. Erickson’s Affairs and Investments
Karen began handling her mother’s finances in 1998 or 1999
and signed documents on behalf of her mother when Mrs. Erickson
became unable to sign for herself in 1999 or 2000. Karen began
dealing with the credit trust on her mother’s behalf and managing
the credit trust’s investments as well as her mother’s own
investments in securities and real estate. Karen also helped
move her mother’s personal investments in stocks and bonds into
brokerage accounts from Mrs. Erickson’s safe deposit box. Around
the same time, Karen began managing David and Sigrid’s
condominium investment when David and Sigrid moved to Moscow.
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Last modified: November 10, 2007