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Texaco stocks were titled in Sidney Gore’s name throughout
decedent’s life, except for 8,000 shares of Exxon stock which
were registered in the names of Sidney Gore and decedent as joint
tenants.24
During 1997, Ms. Powell deposited some but not all of the
dividends paid on Marital Fund stocks for the first 6 months of
1997, into GFLP account No. 7045. None of the dividend checks
issued with respect to Marital Fund stocks for the first 6 months
of 1997 was made payable to GFLP.
On June 6, 1997, Ms. Powell also deposited into GFLP account
No. 7045 $3,400 of interest paid on the Smith Barney investment
account and $6,250 of interest paid on the Merrill Lynch account.
On the deposit date, the Smith Barney and Merrill Lynch accounts
were still titled in decedent’s name, not GFLP’s.
Management of Decedent’s Finances After GFLP Was Formed
Decedent suffered from Parkinson’s disease and had been
admitted to the hospital for disorientation and decreased levels
of consciousness on several occasions after Sidney Gore’s death.
From December 1996 until her death, decedent had to have private
23(...continued)
record but after she delivered the Marital Fund stocks to TCO’s
vault.
24In a letter from TCO to John Boyd dated Sept. 15, 1997,
TCO implied that the matter of transferring stocks has “lied
dormant within TCO”, and in a letter to the Oklahoma Tax
Commission dated Jan. 8, 2002, TCO stated that it “was remiss in
its timely transfer of the assets to GFLP”.
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Last modified: November 10, 2007